Fuel Too Expensive? Ryanair Say It Is While Cutting Winter Flights

Recent years have seen multiple crises impacting fuel prices, with the current war in Iran and the blockading of the Straits of Hormuz having the greatest impact. Ask Traders reports that Ryanair has said that jet fuel has been trading at almost $140 per barrel. Something has to give to ensure airlines can maintain profitability, be that a reduction in services, cuts to staffing costs or an increase in ticket prices.