Dubai’s Emirates Airlines reported losses of USD1.1 Billion in the fiscal year as rising fuel costs impact travel demand. Nevertheless, it stated that revenue has risen 91%, reaching USD16.1 Billion. According to the carrier, it received a capital injection of USD954 Million from the government of Dubai, to help it stay afloat throughout the crisis. …
United Airlines (NASDAQ: UAL) CEO Scott Kirby warned Wednesday that with rising jet fuel prices may come higher airfares. The company’s stock rose under 1% during early morning trading. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”UAL” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”UAL” range=”1mo” interval=”1d” axes=”true” cursor=”true” api=”yf” style=”width: 100%; height: 300px;”] “Higher jet-fuel prices lead to higher …
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