India’s major airlines warned of a potential suspension in services unless the government lowered jet fuel prices. “The airline industry in India is under extreme stress and on the verge of closing down or of stopping its operations,” the Federation of Indian Airlines, representing carriers including IndiGo, Air India and SpiceJet, said in a letter to India’s Civil Aviation Ministry, seen by Bloomberg. They sought a return to pandemic-era cost caps on aviation turbine fuel and a reduction or...
As Southeast Asia’s tourism sector takes a hit from the Iran war, a pivot to serving as alternative flight hubs may save the industry. The region’s major airlines are seeing an increase in demand for European routes as travellers avoid Middle Eastern hubs amid disruptive drone and missile attacks, according to Reuters. Singapore Airlines (SIA) joins other major Asian carriers, such as Cathay Pacific, Korean Air and Qantas Airways, in posting strong performances on Europe flights in March. SIA...
Asian airlines are cutting flights, raising fares and reshuffling networks as the Iran war sends jet fuel prices soaring, leaving carriers across the region scrambling to protect their margins and preserve key routes. The shock has hit Asia especially hard because many economies depend heavily on fuel flows from the Middle East, according to aviation analysts, and some regional carriers are less protected from sudden price spikes than their counterparts in Europe or the US. “The impact has been...
Buffeted by six weeks of war in the Middle East, airlines have scrambled to trim routes and costs as fuel bills explode and wary clients think twice about their travel plans, a situation that could persist even if a fragile truce holds. Carriers have largely halted flights in the Gulf region, with Air France announcing this week that it was extending its suspensions until May 3 – a decision a source said was made before this week’s ceasefire between the United States and Iran. With no certainty...