FILE PHOTO: Airasia planes are seen parked at Kuala Lumpur International Airport 2, amid the coronavirus disease (COVID-19) outbreak in Sepang, Malaysia October 6, 2020. REUTERS/Lim Huey Teng
March 9, 2022
(Reuters) -The price of oil has surged to its highest point since 2008 after Russia’s invasion of Ukraine, adding to airline costs at a time when carriers have been struggling to recover from a pandemic-related collapse in demand.
Oil prices were already strong because of tight global supplies, but the conflict in Ukraine has sent prices into overdrive; the northwest European jet fuel price in the spot market has soared by 85% since Feb. 25 to $1,649 a tonne on Wednesday.
Malaysia’s AirAsia on Saturday introduced fuel surcharges on tickets for the first time since 2015. Chinese airlines, meanwhile, raised fuel surcharges on domestic routes and Emirates, Japan Airlines and…
