""It appears extremely likely that more reductions are ahead," wrote Richard Evans, a senior consultant at Cirium, in a report released Thursday."
""Any flying that we're doing that's on the margin, maybe not producing the yields we'd like, is likely going to be reconsidered," Delta Air Lines Inc. Chief Executive Officer Ed Bastian said while announcing an extra $2.5 billion in fuel costs this quarter."
"The International Energy Agency says Europe has 'maybe six weeks' of supplies left, and Ryanair Holdings Plc, Virgin Atlantic Airways and EasyJet Plc only gave..."
Airlines worldwide are facing significant challenges due to soaring jet-fuel prices, leading to increased cancellations and reduced flight schedules. KLM has announced the cancellation of 80 return flights at Amsterdam's Schiphol Airport. Global capacity for May has decreased by about 3 percentage points, with most major airlines cutting flights. The aviation industry is bracing for further reductions, with concerns about jet fuel availability in Europe. Delta Air Lines anticipates an additional $2.5 billion in fuel costs, indicating a critical period for the industry.
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