IATA members participating in a fuel summit in Geneva last week voted to apply to their governments for air fare hikes that would compensate them for recent rises in the global price of jet fuel. In general, IATA said airlines attending the special session would propose 3% fare increases, except where 3% hikes already are in place. The increases are intended to take effect Dec. 15. IATA said the average price of jet fuel in October was 73.2 cents (U.S.), based on spot prices in ...
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