A Houthi attack on Riyadh airport has intensified struggles for the global airline industry amid soaring jet fuel costs. Airfares jumped 23.4% as IATA forecasted that industry profits would be halved. Furthermore, WTI and Brent oil prices rallied following the drone and missile strikes targeting Saudi Arabian airports.
WTI and Brent crude prices climbed after drone and missile strikes targeted Saudi infrastructure, heightening geopolitical risks and supply concerns in energy markets.
Read the full storyA deadly attack has intensified pressures on global airlines as fuel costs soar and airfares jump by 23.4%.
