Transportation
Airline stocks slump as jet fuel surge overshadows travel rebound
An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. Joe Raedle | Getty Images Airlines trying to claw their way out of two bruising pandemic years are now facing the most expensive jet fuel costs in more than 13 years, overshadowing a […]
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Russia’s invasion of Ukraine is driving up air cargo costs
A Boeing 747-8F operated by AirBridgeCargo takes off from Leipzig/Halle Airport. Jan Woitas | Picture Alliance | Getty Images The cost of transporting goods by air has surged since Russia’s invasion of Ukraine last week, just as consumers are already grappling with the fastest pace of inflation in nearly 40 years. Carriers, including KLM Royal […]
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Airline software giant ends distribution service with Russia’s Aeroflot, crippling carrier’s ability to sell seats
Aeroflot Russian Airlines and Rossiya Airlines jet aircrafts at Moscow-Sheremetyevo International Airport. Leonid Faerberg | Lightrocket | Getty Images Sabre Corp. on Thursday said it terminated a global distribution agreement with Russia’s Aeroflot, crippling the country’s largest airline’s ability to sell seats. The Texas-based airline software giant provides ticket distribution and reservation services for carriers […]
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