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US airlines' fuel bill hits $6.5 bn; global profit outlook nearly halved
US airlines spent more than USD 6 billion on jet fuel in April, up 78 per cent from a year earlier despite using slightly less fuel, government data released Monday showed. Meanwhile, the airline industry's top global trade group warned that soaring energy costs could nearly halve profits in 2026. Since conflict erupted in the West Asia earlier this year after the US and Israel launched strikes on Iran, much of the shipping traffic through the Strait of Hormuz -- a critical oil transit route bo…
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