Airlines borrow N60bn for fuel as operating costs rise

Nigerian airlines have borrowed over N60bn from local banks to purchase aviation fuel, facing immense pressure from rising operating costs. Learn more abou

Business: São Paulo Key Facts —Bill. Brazil’s airlines booked about R$5.2 billion (some US$1 billion) in extra fuel costs from the Iran war, the industry association said. —Who. The hit falls on the country’s three big carriers, Azul, Gol and Latam. —Cause. The war disrupted traffic through the Strait of Hormuz, drivin

The budget airline has warned that the aviation industry is set to face major challenges for the rest of 2026