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Airline chiefs grapple with fuel shock, fare test at Rio summit
Airline chiefs grapple with fuel shock, fare test at Rio summit RIO DE JANEIRO: Global airline chiefs open their annual summit in Rio de Janeiro on Saturday (Jun 6) facing a sharper test of the industry's post-pandemic recovery, as the Iran war drives up fuel costs and disrupts airspace while carriers try to cushion the blow with higher fares and tighter capacity. The Jun 6 to Jun 8 annual meeting of the International Air Transport Association (IATA) comes as that fuel shock collides with...
Singapore Airlines limits Business Class advance seat selection based on fare type and membership
Singapore Airlines limits Business Class advance seat selection based on fare type and membership For seat selections made on or after Jun 2, passengers booked on Business Lite fares, as well as Saver, Advantage or Promo awards, are limited to a smaller pool of Business Class seats when making advance seat selections. Singapore Airlines (SIA) has introduced new changes to its advance Business Class seat selection policy, limiting access to preferred seats for passengers travelling on...
Fare dodger knocks out train conductor's tooth after he simply asked to see his ticket
Fare dodger knocks out train conductor's tooth after he simply asked to see his ticket Peter Corley, 62, lost his tooth and later his job after a ticketless passenger punched him on a Leeds to York train - the fare dodger avoid time behind bars A train conductor was left bloodied and had a tooth knocked out when a passenger punched him in the face - simply for asking to see his ticket. Peter Corley, 62, asked Finley Seggie, 21, and his pal to get off at the next station after they were...
Neolithic treasures and sparkling seas on Orkney – all for £2 bus fares
A new bus fare cap in the Highlands and Islands means that journeys in Orkney, Highland, and Moray now cost no more than £2. This allows visitors to explore the scenic archipelago, such as the 111-mile trip on bus X99, for a low price. The fare cap remains in effect until March 2026.
British Airways warns 'fares must go up' as jet fuel prices double since US-Iran war started
British Airways warns 'fares must go up' as jet fuel prices double since US-Iran war started Jet fuel prices have doubled since the US and Israel carried out joint strikes on several key Iranian sites which saw Iran shut the Strait of Hormuz trade route Major UK carrier British Airways may raise ticket prices further if elevated fuel costs persist. The airline's Chief Executive Sean Doyle warned that carriers continue to face mounting fuel expenses tied to the ongoing conflict in the Middle...
Air fare rises ‘inevitable’ as airlines face extra $100bn jet fuel bill this year
Iata summit in Brazil hears top executives say although jet fuel shortages are unlikely, industry-wide profits will halveBA boss: ‘Costly aviation taxes and rail tickets stunting UK tourism growth’Airlines will have to spend an extra $100bn on jet fuel this year, with fares “inevitably” rising to cover the bill after the war with Iran choked off oil supplies. With jet fuel prices expected to be 70% higher across 2026, airlines body Iata said that collective industry profits worldwide would...
Air fare rises ‘inevitable’ as airlines face extra $100bn jet fuel bill this year
Iata summit in Brazil hears top executives say although jet fuel shortages are unlikely, industry-wide profits will halveBA boss: ‘Costly aviation taxes and rail tickets stunting UK tourism growth’Airlines will have to spend an extra $100bn on jet fuel this year, with fares “inevitably” rising to cover the bill after the war with Iran choked off oil supplies. With jet fuel prices expected to be 70% higher across 2026, airlines body Iata said that collective industry profits worldwide would...
Hong Kong saves HK$69 million in first month after HK$2 fare scheme revamp
Changes to Hong Kong’s public transport subsidy scheme saved the government HK$69 million (US$8.8 million) in the first month, with fewer elderly and disabled commuters taking expensive long-haul routes for short trips, the welfare minister has said. Secretary for Labour and Welfare Chris Sun Yuk-han said on Saturday that, following revisions to the concessionary fare scheme that took effect on April 3, the average government subsidy for trips costing more than HK$10 fell from HK$4.90 in...
Aviation leaders face Iran war fuel shock, rising fare prices at Rio summit
Global airline chiefs open their annual summit in Rio de Janeiro on Saturday facing a sharper test of the industry’s post-pandemic recovery, as the Iran war drives up fuel costs and disrupts airspace while carriers try to cushion the blow with higher fares and tighter capacity. The annual meeting of the International Air Transport Association (IATA) from Saturday to Monday comes as that fuel shock collides with another problem airlines cannot quickly fix: a shortage of new aircraft.
Air fares may go up as oil marketing companies hike ATF prices by 10%
Flying is set to get more expensive, with oil marketing companies Tuesday increasing aviation turbine fuel (ATF) prices by 10% under the new price-stabilisation regime. ATF prices will remain frozen at this level for three years under the new regime. Jet fuel for domestic carriers will now cost Rs 115 per litre, up from Rs 105 per litre.