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THENATIONALPULSE (Pulse Wires) - ‘There’s No Way We Can Absorb the Cost’ – Airline Chiefs Warn of Rocketing Fuel Prices.
PULSE POINTSWHAT HAPPENED: The CEO of Lufthansa, Europe’s largest airline, announced fare increases due to rising costs caused by the Iran war.WHO WAS INVOLVED: Carsten Spohr, Lufthansa, and travelers.WHEN & WHERE: Prices have been rising over recent weeks as the Iran war and its consequences impact global airlines.KEY QUOTE: “Our average profit is about €10 […] The post ‘There’s No Way We Can Absorb the Cost’ – Airline Chiefs Warn of Rocketing Fuel Prices. appeared first on The National Pulse .
PULSE POINTS WHAT HAPPENED: The CEO of Lufthansa, Europe’s largest airline, announced fare increases due to rising costs caused by the Iran war . WHO WAS INVOLVED: Carsten Spohr, Lufthansa, and travelers. WHEN & WHERE: Prices have been rising over recent weeks as the Iran war and its consequences impact global airlines . KEY QUOTE: “Our average profit is about €10 per passenger, there’s no way you can absorb the additional cost.” – Carsten Spohr IMPACT: Passengers worldwide may face higher ticket prices . IN FULL Carsten Spohr, CEO of Lufthansa, has said that fare increases are unavoidable for the carrier amid rising fuel costs, while expressing concern that higher ticket prices could hurt long-term passenger demand. “Our…Open