IATA estimates that some cancellations could be seen by the end of May in Europe due to the lack of jet fuel
The IATA's warning about potential flight cancellations in Europe due to a lack of jet fuel highlights a supply-side disruption that could impact the aviation sector's recovery and operational capacity.
The US Congressional Progressive Caucus discussed trying to force repeated House votes on Iran war powers resolutions, Punchbowl reports
[MARKET ANALYSIS] Global fixed benchmarks broadly unchanged awaiting geopolitical developments and Fed speak
IATA estimates that some cancellations could be seen by the end of May in Europe due to the lack of jet fuel
BoE's Breeden (dovish) does not comment on monetary policy or the economic outlook
EU Balance of Trade (Feb) 11.5B vs. Exp. 11.1B (Prev. -1.9B)
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This situation may lead to increased fuel demand pressure and elevate jet fuel prices, which could have broader implications for inflation and airline profitability going forward. Traders should keep an eye on energy market movements and gauge how this affects related equities and broader market sentiment.
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