European airlines will fail if jet fuel costs stay high, Ryanair CEO says – POLITICO
Airlines are already feeling the squeeze. Lufthansa said last Tuesday it would cut 20,000 short-haul flights through October to save “40,000 metric tons of fuel,” while SAS Scandinavian Airlines has canceled around 1,000 flights in recent days and Air France-KLM has imposed a €100 surcharge on long-haul tickets. “I think there will be failures,” O’Leary […]
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