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Domestic refiners capitalized on active spot cargoes and easing maritime bottlenecks through Hormuz to restore pre-war regional purchasing volumes.
Persistent jet fuel price spikes outweigh peak travel demand, forcing management to lower annual profitability forecasts.
Joanna Partridge details the confirmed facts, context, and next steps surrounding European air fares could rise by as much as 20% in 2027, Ryanair boss predicts
Global carriers face mounting financial pressure as regional conflict and expensive jet fuel cut margins.