Lufthansa and other airlines buy fuel at a fixed price to try to counter price volatility

Lufthansa and other airlines buy fuel at a fixed price to try to counter price volatility

Global airlines are grappling with the effects of the war in the Middle East, as fuel prices soar and customers reassess their travel plans.

The war has sent the price of oil and gas soaring, after Iran's Revolutionary Guards vowed to choke off traffic in the Strait of Hormuz, one of the world's key energy transit routes.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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