Articles tagged “oil prices”

Business Travel

Taiwan Tensions Could Drive Up Travel Costs Significantly, CWT Warns

Geopolitical uncertainties are singled out in the latest Global Business Travel Forecast, which underscores the volatility the corporate travel industry is experiencing, and perhaps the pointlessness of trying to predict prices in the first place.

Matthew Parsons | 2 years ago

Taiwan Tensions Could Drive Up Travel Costs Significantly, CWT Warns

Airlines

Wizz Air Aiming for Profitable Summer as Demand Lifts Airfares

The airline's fares are already 10 percent higher than in 2019, and long may it continue, hopes CEO Jozsef Varadi, because airport disruption and rising fuel costs aren't going anywhere.

Paul Sandle, Reuters | 2 years ago

News Blog

U.S. Airlines Paid Record for Fuel in April

The dramatic run up in oil prices since Russia's invasion of Ukraine in February has claimed a new record: the highest-ever average April fuel price for U.S. airlines since record keeping began 22 years ago. U.S. carriers paid an average of $3.59 per gallon for 1.35 billion gallons of fuel — a tidy $4.85 billion…

Edward Russell | 2 years ago

Airlines

Nigeria’s Airlines Suspend Plans to Halt Local Flights Over Rising Fuel Costs

Nigerian airlines have been frustrated about paying the soaring prices for jet fuel upfront. But getting further assistance from a government also struggling with the rise in global oil prices may be a tall order.

MacDonald Dzirutwe and Camillus Eboh, Reuters | 2 years ago

Nigeria’s Airlines Suspend Plans to Halt Local Flights Over Rising Fuel Costs

Tour Operators

Tour Operators Consider Adding Fuel Surcharges to the Price of Trips

Tour operators will try to avoid adding fuel surcharges to their trips for as long as possible. They're aware that making their trips more expensive could put a dent in their recovery because consumers will only tolerate higher prices to a certain extent.

Rashaad Jorden | 2 years ago

Tour Operators Consider Adding Fuel Surcharges to the Price of Trips

Travel Booking

Travelers Plan to Alter Summer Travel Plans Because of Higher Prices: New Survey

Pent-up travel demand meets inflation. Here's what a new survey found out about how travelers plan to deal with higher prices.

Mary Ann Ha | 2 years ago

Travelers Plan to Alter Summer Travel Plans Because of Higher Prices: New Survey

Airlines

Air France CEO Stays Upbeat on Summer Amid Global Turmoil

Despite higher fuel costs, the first major land war in Europe since World War II, and the lingering pandemic, Air France CEO Anne Rigail remains optimistic about summer travel demand. In fact, the airline plans to fly more flights to North America, Africa, the Caribbean, and the Indian Ocean than it did in 2019.

Madhu Unnikrishnan | 2 years ago

Air France CEO Stays Upbeat on Summer Amid Global Turmoil