Virgin Atlantic CEO warns high fuel costs are here to stay
CEO Corneel Koster warned that high fuel prices and Middle East tensions could impact profitability. The airline has six weeks of secure fuel supplies left.
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The chief executive of Virgin Atlantic, Corneel Koster, has issued a warning that elevated jet fuel prices have become a permanent fixture for the aviation industry. According to a report by the Financial Times, the airline is expected to face significant challenges in returning to profitability this year, even as it implements fuel surcharges on fares to mitigate the impact of rising operational costs.
