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-0.00323943661971817 0.0014070422535212 -0.00338028169014077 -0.00154929577464788 -0.0019718309859155 -0.00211267605633791 -0.00522535211267599 -0.00436619718309862
Stock impact report

Lufthansa cuts 20,000 summer flights as fuel prices surge [Yahoo! Finance]

Delta Air Lines, Inc. (DAL) 
Last delta air lines, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.delta.com
Company Research Source: Yahoo! Finance
Jet fuel has doubled in price since the start of the US-Israel war with Iran as the conflict has slowed its production and transportation across the Middle East. Several airlines, including KLM-France and Delta, have also temporarily cut some flights while others have raised ticket prices as they pass on expenses to customers. Analysts have warned that travellers should expect further ticket price rises and more cancelled flights as the conflict continues. Airlines cut flights and hike fares as fuel prices surge The Gulf is a major source of aviation fuel, accounting for about 50% of Europe's imports. The bulk of it comes through the Strait of Hormuz, which Iran has effectively closed in response to US and Israeli attacks. The increase in jet fuel prices reflects the role Middle Eastern refineries play in supplies. The Al-Zour refinery in Kuwait alone provides roughly 10% of Europe's jet fuel imports, according to Energy Intelligence. The International Energy Agency warne Show less Read more
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