Tag: "fuel costs"
Vietnam Airlines posts $11mn Q3 loss at parent-company level as fuel costs surge 61%
Vietnam News 21:30 31/10/2026Parent carrier Vietnam Airlines recorded an after-tax loss of US$11 million in the third quarter of 2026 as its fuel expenses surged 61.1 percent year on year, outpacing the increase in revenue and other income, while the airline group, including its subsidiaries, posted a consolidated after-tax profit of $12.4 million.
High fuel costs to trigger airline failures and consolidation, industry chief says
World 09:55 07/06/2026Soaring jet fuel prices driven by conflict in the Middle East are likely to push more airlines into bankruptcy and spur more sector consolidation this year and next, the head of the global airline body said on Saturday.
Australians cancel Easter travel as worries mount over fuel crisis
World 15:26 04/04/2026SYDNEY - Every Easter, Sydney retiree Elsa Ucak is one of the millions of Australians that hit the road to travel during the four-day-long weekend.