The key points are temporarily unavailable. You can still read the full Story below.
Main Points
Volotea, the Spanish low‑cost carrier that operates many flights between Spain and France, has announced a wave of cancellations amid a sharp rise in jet‑fuel prices. The airline said it would cancel a significant number of flights, a move that has disappointed passengers and prompted consumer‑rights group UFC‑Que Choisir to advise travelers to avoid the carrier. Jet‑fuel costs have surged from roughly $750 per tonne in 2023 to about $1,600 per tonne in 2024, largely due to the war in Iran and the resulting disruptions in the Strait of Hormuz. Economic editorialist Nicolas Doze of LCI notes that the fuel component of a typical €100 ticket, which previously accounted for about €25, now represents roughly €40. “The low‑cost model is the most vulnerable,” Doze said. “It operates on a razor‑thin margin, leaving little room to absorb external shocks.” Doze added that airlines are raising fares to cope with the higher fuel bill. He estimated that between October and March, 800,000 seats that would have been sold in France will not be offered. “The crisis is just beginning,” he said, citing the ongoing impact of the fuel price spike. The rise in fuel costs has prompted several airlines to adjust their pricing strategies. In a related article, “Ormuz est incontournable,” LCI highlighted how the conflict in the Middle East has forced carriers to rethink their operations and pricing. UFC‑Que Choisir’s recommendation reflects growing concerns among consumers about the reliability and affordability of low‑cost carriers in the current economic climate. Article source: LCI | Image credit: LCI
Volotea, the Spanish low‑cost carrier that operates many flights between Spain and France, has announced a wave of cancellations amid a sharp rise in jet‑fuel prices. The airline said it would cancel a significant number of flights, a move that has disappointed passengers and prompted consumer‑rights group UFC‑Que Choisir to advise travelers to avoid the carrier. Jet‑fuel costs have surged from roughly $750 per tonne in 2023 to about $1,600 per tonne in 2024, largely due to the war in Iran and the resulting disruptions in the Strait of Hormuz. Economic editorialist Nicolas Doze of LCI notes that the fuel component of a typical €100 ticket, which previously accounted for about €25, now represents roughly €40. “The low‑cost model is the most vulnerable,” Doze said. “It operates on a razor‑thin margin, leaving little room to absorb external shocks.” Doze added that airlines are raising fares to cope with the higher fuel bill. He estimated that between October and March, 800,000 seats that would have been sold in France will not be offered. “The crisis is just beginning,” he said, citing the ongoing impact of the fuel price spike. The rise in fuel costs has prompted several airlines to adjust their pricing strategies. In a related article, “Ormuz est incontournable,” LCI highlighted how the conflict in the Middle East has forced carriers to rethink their operations and pricing. UFC‑Que Choisir’s recommendation reflects growing concerns among consumers about the reliability and affordability of low‑cost carriers in the current economic climate.
News Desk is the editorial publishing account for Tringlobe Media News, covering breaking news, public affairs, entertainment, community developments and regional stories across Trinidad and Tobago, the Caribbean and internationally.
