19 Sep, 23

High Fuel Costs Challenge Airline Profits After Busy Summer

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Several U.S. airlines expect an increase in jet fuel prices to squeeze their revenues this year, following a busy summer season. Unexpectedly high fuel prices could mean lower profits for several airlines as the aviation sector moves into its lower air traffic season. While passenger numbers are beginning to return to pre-pandemic levels, ongoing inflation and high fuel costs could negatively affect the travel market over the coming months.   Various U.S. airlines expect reduced revenues due to the high price of jet fuel, which…

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