FuelCosts

Major EU Climate Regulation Expected to Raise Shipping Fuel Costs

4 days ago

The European Union is on the verge of implementing a significant climate regulation that is anticipated to increase fuel costs for shipping companies. This forthcoming legislation, set to come into force in 2024, is part of the EU's broader strategy to diminish greenhouse gas emissions from various sectors, including maritime transport.

JetBlue Faces Revenue Hurdles Following Stalled Growth Ambitions

2 months ago

JetBlue Airways Corporation has recently announced concerns over its revenue trajectory, attributing this uncertainty to obstacles that have hindered its ambitious growth plans. The airline, known for its unique customer service and competitive pricing, is grappling with the implications of a more complex operational environment.

IndiGo Faces Unanticipated Setback with Surprise Loss Due to Rising Costs

2 months ago

In an unexpected turn of events, IndiGo, India's leading carrier, has reported a surprising financial loss for the quarter ended September 30, which has sent ripples through the aviation industry. The airline, renowned for its efficiency and extensive network, posted a net loss of ₹981 crore ($118 million), a stark contrast to the profit of ₹1,156 crore reported for the same period last year.

Southwest Airlines Slashes Atlanta Flights in Bid to Stem Financial Losses

3 months ago

Southwest Airlines Co. said it is making a significant reduction in its flying at Hartsfield-Jackson Atlanta International Airport, part of a wider effort to stem financial losses as travel demand remains volatile. The company will cut 20% of the current planned daily departures from the Atlanta flying schedule, effective immediately, it said in a statement Monday.