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Reuters UK
Reuters UK
(Reuters) – The price of oil has surged to its highest level since 2008 after Russia’s invasion of Ukraine, adding to airline costs at a time when carriers have been struggling to recover from a pandemic-related dip in demand. Malaysia’s AirAsia on Saturday introduced fuel surcharges on tickets for the first time since 2015. Chinese airlines on Saturday raised fuel surcharges on domestic routes, its aviation regulator said, while Emirates, Japan Airlines and ANA Holdings have raised their surcharges recently. Some airlines have oil hedges that will help offset portions of the price increase. O…