Passengers dealing with fallout from Spirit shutdown; fuel prices plaguing other airlines – CBS News Watch CBS News Spirit Airlines’ abrupt closure on Saturday has left passengers scrambling. And the skyrocketing fuel prices that helped bring about Spirit’s end are wreaking havoc on the rest of the industry. Shanelle Kaul reports. Source link
Fuel prices making wildfire battles more expensive – CBS News Watch CBS News Aircraft used to fight wildfires are getting more expensive as fuel prices rise. Carter Evans reports. Source link
Washington — Democratic Sen. Raphael Warnock of Georgia called the Supreme Court’s decision last week to strike down Louisiana’s congressional map and narrow the Voting Rights Act “a massive and devastating blow,” while warning of its implications for the redistricting fight. “The court, sadly, poured fuel on this redistricting arms race,” Warnock said Sunday on … Read more
On average, domestic airfare is up about 18% compared to last year. A key factor is the surging fuel costs for airlines amid the war with Iran. Now, several low-cost carriers have asked the government for help as they grapple with the high cost of fuel. Kris Van Cleave spoke with Southwest’s CEO about the … Read more
Airlines worldwide are taking extraordinary measures to keep flying and in business as they face soaring costs, much of it driven by the conflict with Iran. Ian Lee reports from Burbank, California. Source link
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
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 – 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
Scammers are using AI to fuel crypto fraud schemes, IRS warns – CBS News Watch CBS News The Internal Revenue Service is warning about scammers using AI tools to carry out crypto fraud schemes. CBS News’ Anna Schecter reports. Source link
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