Airline Executives Plead With Governments To Ease Restrictions

Nowadays, the travel industry never seems to catch a proper break. After enduring extended downtime last year and early this year due to global lockdowns associated with the Covid-19, airlines have been grappling with high fuel prices this year after jet fuel prices jumped nearly 60% Y/Y to $87.40/bbl. Many airlines have been chasing customers with fare sales, but rising fuel costs is likely to soon change that. Last month, Delta (NYSE:DAL) said that higher jet fuel prices would weigh on its bottom line while Frontier Airlines has forecast a fourth…