""Travel alert: airlines are cutting thousands of flights right now," Travel Therapy TV host Karen Schaler said. "Book early.""
"Ryanair boss Michael O'Leary expressed concern that fears of fuel shortages were making people put off booking flights."
""If jet fuel prices remain at this level, there will have to be a little bit more trimming for low-cost airlines," said financial analyst Dudley Shanley."
"EU's energy commissioner Dan Jorgensen stated, "Unfortunately, it's very likely that many people's holidays will be affected, either by flight cancellations or very, very expensive tickets.""
High jet fuel prices, driven by the Middle East war and the closure of the Strait of Hormuz, are forcing low-cost airlines like Ryanair and Transavia to cut flights. The surge in fuel costs is impacting their business model, which relies on cheaper tickets and less capacity to absorb price increases. Airlines are adjusting schedules in response to demand fluctuations, but sustained high fuel prices will necessitate further cuts. This situation is likely to affect holiday travel with potential cancellations and increased ticket prices.
Read at www.thelocal.fr
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