Airlines cut flights as Iran war sends jet fuel costs soaring [USA TODAY]
EASYJET PLC S/ADR (ESYJY)
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Source: USA TODAY
Major US airlines are raising checked bag fees again and travelers may need to adapt with new strategies to avoid extra costs. EasyJet CEO Kenton Jarvis said on a media call that travellers are booking closer to travel dates and there had been an initial shift to more domestic, city destination travel. "It's a later booking window we're really seeing. And if there is any shift, it's a little bit away from the eastern Mediterranean, a little bit towards the western Mediterranean," Jarvis said, adding that travel to Cyprus, Egypt and Turkey, however, was slowly recovering. Lufthansa had earlier launched a number of new flights to Asia in an effort to capitalize on shifting demand tied to the war. It vowed to continue its broad restructuring strategy, promising investors a more streamlined, cost-efficient company. However, the decision to ground 27 of its planes servicing its CityLine subsidiary, as well as four older jets in its core carrier, Lufthansa, rattled unions. Lufthans
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News
- EasyJet takes £25m hit on surging fuel costs amid Middle East war [Yahoo! Finance Canada]Yahoo! Finance Canada
- EasyJet says first-half loss to deepen on Mideast war [Yahoo! Finance]Yahoo! Finance
- EasyJet's stock drops as the Middle East conflict, fuel costs weigh on bookings outlook [CNBC]CNBC
- Britons cut back on foreign holidays for first time since pandemic [Yahoo! Finance Canada]Yahoo! Finance Canada
- easyJet (ESYJY) was downgraded by Sanford C. Bernstein from "outperform" to "market perform".MarketBeat