British Airways owner issues profit warning over soaring jet fuel costs
International Airlines Group expects to spend £1.7bn more on fuel than planned since US-Israeli attack on IranBusiness news – live updatesThe parent c...
Airlines among companies using fuel surcharges to cover surge in costs, UK survey shows
Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra materials costsBusiness live – latest upda...
The Iran war sent jet fuel prices sky-high. Here's what air travelers should know
Fuel is airlines' second-largest expense, and getting even costlier due to the U.S. war with Iran. Airlines are looking for ways to cope, starting by ...
Nigerian refinery accused of sacking union members is key to UK plan to tackle jet fuel shortage
Heidi Alexander says part of answer to strait of Hormuz crisis is importing more fuel from US and west AfricaA refinery in Nigeria accused of dismissi...
Labor extends EV tax break to encourage cheaper vehicles amid soaring fuel prices
As the cost of the scheme blows out, the government has announced the full discount will be retained for another year, after which it will only apply ...
Jim Chalmers rules out fuel excise extension and downplays hopes for tax relief in ‘most responsible’ budget yet
The treasurer also says May federal budget will play ‘helpful not harmful role in fight against inflation’Jim Chalmers has warned there will be little...
UK airlines given green light to cancel or consolidate flights to conserve jet fuel
Carriers examining which flights can be cancelled with least disruption under plans to avoid summer travel chaosUK airlines will be able to cancel or ...
Spirit Airlines shuts down after Trump’s war on Iran doubled jet fuel prices
The ultra-low-cost air carrier Spirit Airlines shut down operations after 34 years in business and canceled all flights just after midnight Saturday m...
Australians will pay more if Albanese fast-tracks fossil fuel projects, former oil and gas leaders warn
Exclusive: Government should back projects that prioritise renewables to protect consumers from ongoing price shocks, they sayGet our breaking news em...
Mexico’s cartel crackdown hits top ranks – but will it fuel Jalisco violence?
Arrest of potential next leader found hiding in drainage pipe highlights renewed tactics – and fears of cartel infightingUS politics live – latest upd...
‘Historic breakthrough’: Colombia climate talks end with hopes for fossil fuel phaseout
Nearly 60 countries back voluntary roadmaps to wean world off coal, oil and gasGovernments have been asked to develop national “roadmaps” setting out ...
Air France-KLM cuts capacity growth forecast amid expected $2.4bn fuel bill rise
Move comes as airline industry reacts to uncertainty over Iran war and increase in price of Brent crudeBusiness live – latest updatesAir France-KLM ha...
How the War in Iran is Affecting Africa’s Economy and Fuel Supply
Despite the fragile cease-fire in the Middle East, many Africans say they are bracing for tougher times ahead and making difficult decisions about the...
How rising jet fuel prices are driving up the cost of fighting wildfires
The Iran war has nearly doubled jet fuel prices in the United States. That means the bill for firefighting aircraft operations this summer will likely...
Rising Fuel Prices Could Force Excruciating Choices on Economic Policies
The European Central Bank and Bank of England were expected to hold interest rates steady on Thursday while searching for signs of possible longer-ter...
