Airlines are paying the biggest ever premium for jet fuel, putting pressure on their balance sheets and driving up ticket prices for passengers.
Jet fuel was 50 per cent higher than Brent crude oil at the start of this month, with airlines paying more than $140 a barrel for fuel even as global oil prices fell towards $90, according to the International Air Transport Association.
“This is at levels I do not recall ever seeing before,” said Willie Walsh, the former boss of British Airways who now runs Iata.
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