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Air turbulence on Monday when crude oil price spiked. Now at cruising speed and hot drinks can be served whilst awaiting the strategic petroleum reserves crude oil to be released. If Strait of Hormuz remains shut, we will be entering severe air turbulence again.
High crude oil prices can be mitigated via fuel surcharges but hard to envision margin expansion this year. Main problem will be fears of a deep travel slump and the potential for the widespread grounding of planes.
Even ASEAN/ASIA travel will be expensive with the fuel surcharges etc. Travel by car and bus :-) Most people might not have the spare cash to travel in light of inflation and fear of flight disruptions etc. Business travel will also be curtailed to an absolute to need basis.
OMG!! This counter just finish the company restructure and the last year just do the right issue of share, so fast going to bankrupt and go PN17 again!!