Air France-KLM fears $2.4 billion in higher fuel costs due to Strait of Hormuz closure
Airline conglomerate Air France-KLM expects to spend an additional 2.4 billion dollars on fuel this year compared to last year as a result of the current conflicts in the Middle East. Even though the airline group managed to show improved results in the first quarter, the major blow from expensive kerosene prices will emerge in the coming months, warns the Franco-Dutch company.
30 Apr 07:00 · NL Times