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Ryanair warns that European air fares will rise significantly next year if oil prices remain elevated, potentially forcing some airlines out of business during the winter season.
US domestic airfares remain elevated at 26.5% higher than last year despite potential geopolitical developments, with jet fuel costs and capacity constraints expected to keep ticket prices high.
Qantas reported its lowest pre-tax profits in four years amid higher fuel costs, with management signaling potential fare increases and expanded add-on fees at budget subsidiary Jetstar.
Three major UK airports experienced a cyber-attack affecting approximately 8.7 million customers, though aviation security and operations remained uncompromised, officials said.
EU border flexibility measures expire on September 6, potentially leading to renewed queues at European airports as biometric entry-exit system checks take effect, though enforcement appears inconsistent across member states.
Accor’s CEO is weighing whether to pursue an IPO for luxury lifestyle joint venture Ennismore to fund U.S. expansion, citing complexity in the decision-making process.
