Flights, Expensive Oil Cuts the Profits of the Companies: Wizz Air the Most Affected, Ryanair Sheltered. that's Why

Corriere Della Sera

Center

Factuality

Ownership

Since the outbreak of the conflict in the Middle East the price of kerosene has splashed by 50%, eroding virtually all the expected profit this year for the sector

Česká televize

Factuality

Ownership

The war in the Middle East and restrictions on shipping in the Strait of Hormuz are already driving up oil prices on world markets. According to former Czech National Bank Governor Jiří Rusnok, who was a guest on Václav Moravec's Questions, the situation could lead to higher inflation and slower economic growth. He also warned against trying to respond to more expensive fuel by reducing excise taxes, which he said would be an unfortunate move.