
Europe, Asia, and Africa all face potentially dire jet fuel shortages. "There is little doubt there is going to be a disaster,” says one economist.
Air India is reducing flights due to soaring jet fuel costs and airspace issues. International operations are becoming unprofitable. Further schedule trims are planned for June and July. Domestic flights are also affected but less severely. The airline is inc…

Air India will trim almost 100 domestic and international flights till July as it grapples with heavy losses caused by rising jet fuel prices, airspace restrictions, and expensive overseas routes. CEO Campbell Wilson informed employees that the airline had al…