fuel

What’s the status of the airline industry amid high fuel prices

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It’s not just Spirit Airlines struggling with rising fuel costs. All of the “big four” carriers, such as American, Delta, United and Southwest, reported a strong first quarter. But most of their gains were offset by the price of fueling their planes. Al Root, an associate editor at Barron’s, joins “The Daily Report” to discuss. … Read more

What to know if your flight is canceled amid rising jet fuel costs

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Airlines worldwide have begun canceling flights as the war in the Middle East strains jet fuel supplies and pushes up prices — but the disruption doesn’t end there. For travelers, it can mean having to navigate a confusing web of passenger protections that vary widely depending on where they’re flying. And the timing is amplifying … Read more

Chevron CEO expects air travel disruptions due to jet fuel shortage stemming from Iran war

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Chevron CEO expects air travel disruptions due to jet fuel shortage stemming from Iran war – CBS News Watch CBS News The war with Iran is disrupting global oil and gas supplies, sending prices skyrocketing. CBS News chief foreign affairs correspondent and “Face the Nation” moderator Margaret Brennan spoke with Chevron CEO Mike Wirth about … Read more

Airline company Lufthansa cuts 20,000 flights as war squeezes fuel prices and supplies

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LAS VEGAS — The German company that owns Lufthansa Airlines and other European carriers said Tuesday that it would cut 20,000 short-haul flights through October as the Iran war drives up oil prices and deepens worries that some countries may run low on jet fuel. The Lufthansa Group said the cancellation of less profitable routes, … Read more

Farmers facing harsh fuel prices as Iran war disrupts oil shipments

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Energy Secretary Chris Wright said Sunday that gas prices pumped up by the war may not drop below $3 per gallon until next year. Nearly two months into the war, a gallon of regular averages $4.05 and diesel prices average $5.61 a gallon. Lana Zak spoke with farmers in Iowa about how they’re dealing with … Read more

Summer travel overseas could hit turbulence amid soaring jet fuel prices

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Summer travel overseas could hit turbulence amid soaring jet fuel prices – CBS News Watch CBS News The International Energy Agency warned that Europe could be about six weeks from a major shortage of jet fuel due to supply chain disruptions stemming from the conflict in Iran. Kris Van Cleave reports. Source link

Airlines cut routes in response to rising jet fuel costs amid Iran war

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Airlines are cutting routes this summer as they face rising jet fuel costs amid the Iran war.  Air Canada, Delta, and other airlines said Friday that certain routes will be impacted.  “The spike in oil prices is big news in general and the impact on jet fuel prices is pronounced,” Stephen Rooney, lead economist at Tourism … Read more

The Iran war has caused the cost of jet fuel to surge. Here’s how travelers are impacted.

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Since the war in Iran began, the cost of jet fuel has doubled due to shortages. Now, the head of the International Energy Agency says Europe has “maybe six weeks or so” of jet fuel left if disruptions in the Strait of Hormuz continue. Airlines around the world are now canceling flights and increasing fares … Read more