Global Carriers Adjust To Swingeing Jet Fuel Price Increases
The global airline industry is facing significant challenges due to rising jet fuel costs, with many carriers adjusting their full-year expectations and cutting capacity. Lufthansa Group has announced plans to ground certain aircraft, while KLM is reducing flights within Europe. Air Baltic has secured a state loan to support its liquidity. The situation remains uncertain, with negotiations between the USA and Iran set to take place this week, as reported by FlightGlobal.