Airlines will pass on rising oil prices to passengers through higher fares relatively quickly, but the spike in energy costs will worsen the industry's overall outlook in 2022, the head of the International Air Transport Association said on Wednesday.
Airlines will pass on rising oil prices to passengers through higher fares relatively quickly, but the spike in energy costs will worsen the industry's overall outlook in 2022, the head of the International Air Transport Association said on Wednesday.
Airlines will pass on rising oil prices to passengers through higher fares relatively quickly, but the spike in energy costs will worsen the industry's overall outlook in 2022, the head of the International Air Transport Association said on Wednesday.
Thousands of holidaymakers have seen their Easter getaways disrupted or cancelled because airlines and airports do not have enough staff to meet the recovery in demand as pandemic restrictions are eased in Europe. High rates of COVID-19 in Britain have caused staff absences for airlines and airports that were already struggling to recruit after workers deserted the industry during the pandemic.
Thousands of holidaymakers have seen their Easter getaways disrupted or cancelled because airlines and airports do not have enough staff to meet the recovery in demand as pandemic restrictions are eased in Europe. High rates of COVID-19 in Britain have caused staff absences for airlines and airports that were already struggling to recruit after workers deserted the industry during the pandemic.
Venezuela's state-run energy firm PDVSA is in talks to buy and lease several oil tankers amid a possible expansion in exports, according to three sources and a document seen by Reuters, a sign the country expects U.S. sanctions on its petroleum sector to be eased. Russia's invasion of Ukraine has set off a global hunt for new oil supplies, especially the heavy oil produced by Venezuela.
-Automakers racing to develop battery-powered, software-driven vehicles to compete with Tesla Inc are confronting a new challenge: what technology to build themselves, and what to keep buying from suppliers.
Automakers racing to develop battery-powered, software-driven vehicles to compete with Tesla
Inc (TSLA) are confronting a new challenge: what technology to build themselves, and what to keep buying from suppliers.
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