Lufthansa Cuts 20,000 Summer Flights as Fuel Prices Surge

Why is the Trump administration considering bailing out Spirit Airlines?

The fate of Spirit Airlines could affect ticket prices across the industry, which is why the Trump administration is considering a bailout, sources confirm. Kris Van Cleave has more details.

Airline company Lufthansa cuts 20,000 flights as war squeezes fuel prices and supplies

The German company that owns Lufthansa Airlines and other European carriers says it plans to cut 20,000 short-haul flights through October as the Iran war drives up oil prices and deepens worries that some countries may run low on jet fuel

Lufthansa Cuts 20,000 Flights to Save Fuel Amid Iran War Price Surge

Global jet fuel prices have jumped more than 70 percent since the start of the war, pressuring airlines in Europe, the largest consumers of jet fuel shipped through the Strait of Hormuz.

Holidays ‘very likely’ at risk over looming jet fuel crisis, EU energy boss warns

Dan Jorgensen said Europe is in a ‘very serious crisis’

Air Transat's parent company cutting flights due to high cost of jet fuel

Air Transat has joined the list of airlines adjusting services due in part to sky-high fuel prices. The company says it's reducing the frequency of flights on some routes to Europe and the Caribbean, adding that its extended suspension of service to Cuba accounted for most of the capacity reductions.

United Airlines says it will raise summer fares as much as 20% as fuel prices surge amid Iran war

The decision was made as travelers have shown they are still willing to pay top-dollar to fly, United Airlines CEO Scott Kirby said on CNBC Wednesday.