Airline passengers will face more expensive flight tickets as the industry starts adopting climate change regulations, such as moving away from fossil fuel-based conventional jet fuels. Willie Walsh, director general of the International Air Transport Association, which includes most of the world’s major airlines, told reporters at an annual media briefing that the airlines are…

United Airlines Inc. is expecting fuel prices to remain at elevated levels over the long term, says the company’s CEO Scott Kirby. Speaking to reporters in Doha, Qatar, Kirby said that United Airlines will have to foot the bill for $12 billion in fuel in 2022 considering current prices, according to Reuters. In North America,…

Jet fuel prices are soaring on the U.S. East Coast, home to some of the world’s busiest airports, with buyers anticipating a growing shortage as supply dwindles amid sanctions on Russian energy exports. Following Russia’s Feb. 24 invasion of Ukraine, the United States and allies slapped heavy sanctions on Russian industry, leading to a tightening…