Private Jet CEO Claims Airlines Are Using ‘Fuel Shortage’ Fears to Cut Unprofitable Flights

The life-threatening incident provided clarity to Li on what he wanted to focus his efforts on

In “Beyond Life and Death: The Way to True Freedom,” the beloved martial arts star reflects on his four-decade career and the path he’s forged to true happiness.

Fractional and charter operators in the U.S. are seeing strong demand. They had 9% more departures over the past four weeks compared to the same period a year ago.

Its finances, strained by stiffening competition from big network carriers, buckled under the weight of rising fuel costs. Other airlines have put up ticket prices, added fuel surcharges and cancelled flights that would no longer have been profitable.

The surge in the cost of jet fuel since the start of the Iran war is highlighting the vast disparity in how well individual airlines protect themselves against a price spike.

Airlines are facing higher costs, and one airport group in Europe has warned of the risk of a "systemic jet fuel shortage" if traffic through the Strait of Hormuz doesn't normalize by the end of this month.

During a military airshow in Lviv, Ukraine, a Sukhoi Su-27 fighter jet lost altitude during a dangerous aerobatic maneuver and slammed directly into a crowd of spectators at terrifying speed. The aircraft exploded into flames,