Tag: oil shortage

oil shortage

Latest News

Korean budget airline Jin Air check-in counters at Incheon International Airport Terminal 2 on May 10 [YONHAP]

Budget, full-service airlines reduce routes, free baggage allowances to offset surging jet fuel prices

Both budget and full-service domestic airlines are reducing the number of flights and free baggage allowances to offset mounting losses from a surge in jet fuel prices, caused by the conflict in the Middle East.

2026.5.11

A passenger plane takes off from the runway at Gimpo Airport in Gangseo District, western Seoul, on May 7. [NEWS1]

Budget airlines cut int'l flights, furlough crews as fuel prices soar

Korea's budget airlines have slashed nearly 900 round-trip international flights in the past two months and furloughed cabin crew as surging jet fuel prices, driven by the ongoing conflict in the Middle East, squeeze the industry.

2026.5.10

Tag: oil shortage

oil shortage

Latest News

Budget, full-service airlines reduce routes, free baggage allowances to offset surging jet fuel prices

Budget airlines cut int'l flights, furlough crews as fuel prices soar

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