Low-Cost Airlines Cut Flights as Fuel Prices Surge
Several low-cost airlines, including Ryanair, Transavia and Volotea, have started reducing flights as jet fuel prices rise sharply amid the ongoing conflict in the Middle East.
The main pressure comes from disruptions linked to the closure of the Strait of Hormuz, a key route for global oil supplies. The reduced flow of oil has pushed fuel prices higher, increasing operational costs for airlines and raising concerns about possible shortages in the coming months.
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