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Steady19 stories6 sourcesLast updated: 5/23/2026

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Cathay Pacific to lower fuel surcharges for passenger flights by up to 14%
NEWS
5/8/2026

Cathay Pacific to lower fuel surcharges for passenger flights by up to 14%

Hong Kong flag carrier Cathay Pacific Airways will lower its fuel surcharge fees for passenger flights by as much as about 14 per cent from May 16, after a series of increases that began in March. For long-haul flights, the surcharge will fall from HK$1,560 (US$199) to HK$1,362 per leg of the trip. For shorter journeys, such as those between Hong Kong and South Asia, the rate will drop to HK$633, down from HK$725. For flights from mainland China to Hong Kong, the surcharge will remain at HK$135,...

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SCMP Economy
Airlines among companies using fuel surcharges to cover surge in costs, UK survey shows
NEWS
5/6/2026

Airlines among companies using fuel surcharges to cover surge in costs, UK survey shows

Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra materials costsBusiness live – latest updatesOil prices fall as Trump hails ‘progress’ on Iran dealAirlines and other companies are increasingly using fuel surcharges to cover soaring costs, a survey has found, in a further sign of Iran war-linked inflation hitting the economy.A poll of companies in the services sector, which includes airlines, found rising fuel prices had contributed to businesses raising prices at the fastest pace in more than three years in April. Continue reading...

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Guardian UK
Airlines and companies using fuel surcharges to cover surge in costs, UK survey shows
NEWS
5/6/2026

Airlines and companies using fuel surcharges to cover surge in costs, UK survey shows

Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra cost of metals and plasticsBusiness live – latest updatesOil prices fall as Trump hails ‘progress’ on Iran dealAirlines and other companies are increasingly using fuel surcharges to cover soaring costs, a survey has found, in a further sign of Iran war-linked inflation hitting the economy.A poll of companies in the services sector, which includes airlines, found rising fuel prices had contributed to businesses raising prices at the fastest pace in more than three years in April. Continue reading...

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Guardian UK
Travel firms offer cancellation guarantees as jet fuel costs soar
Developing
Business·5/1/2026AI summary

Travel firms offer cancellation guarantees as jet fuel costs soar

Travel companies including EasyJet and On The Beach are offering guarantees against flight cancellations and fast refunds to reassure summer holidaymakers, as geopolitical tensions in the Middle East drive up jet fuel costs. EasyJet has pledged to run its full summer schedule with no additional fuel charges, while On The Beach promises same-day refunds for cancelled flights. The moves come as consumers book later amid uncertainty following the US-Israel war on Iran, with some European airlines already cancelling thousands of flights.

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Guardian Business
Hong Kong Catering Sector Expects 5% Business Boost During Labour Day Golden Week
Developing
Business·5/1/2026AI summary

Hong Kong Catering Sector Expects 5% Business Boost During Labour Day Golden Week

Hong Kong's catering sector anticipates a 5% year-on-year business increase during the Labour Day golden week (May 1-5), driven by mainland Chinese visitors' growing interest in hiking and sailing yachts. Industry leaders say the trend is benefiting seafood restaurants in Sai Kung and outlying islands, while Middle East tensions inadvertently helping by pushing travelers toward shorter regional trips.

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SCMP Economy
Hong Kong Tour Groups to Mainland China Expected to Rise 30-40% Over Labour Day Weekend
Developing
Travel·4/30/2026AI summary

Hong Kong Tour Groups to Mainland China Expected to Rise 30-40% Over Labour Day Weekend

Tour groups from Hong Kong to mainland China are expected to rise by 30-40 per cent year-on-year over the Labour Day weekend, driven by improved safety and hygiene standards, as well as the novelty of mainland destinations compared to traditional Southeast Asian destinations like Singapore, Malaysia and Thailand. Travel agents report increased interest in Greater Bay Area trips to cities like Foshan, Dongguan and Zhongshan.

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SCMP Economy
UAE Quits Opec in Shock Move as Iran Conflict Disrupts Global Energy Markets
Developing
Business·4/28/2026AI summary

UAE Quits Opec in Shock Move as Iran Conflict Disrupts Global Energy Markets

The UAE has announced it will quit Opec and Opec+ from 1 May, marking a pivotal moment for global energy markets. While analysts say the near-term implications are limited due to the Strait of Hormuz blockade preventing oil shipments, the move could allow the UAE to increase production once the conflict ends and push down prices long-term. The UAE has been dissatisfied with Opec quotas it considers unfair constraints on its infrastructure investments.

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Guardian Business
BP profits double as Iran war drives up energy prices
Urgent
Business·4/28/2026AI summary

BP profits double as Iran war drives up energy prices

BP has reported nearly $3.2bn profit in Q1 2026, more than double year-earlier levels, driven by exceptional oil trading and surging energy prices since the Iran war began at the end of February. The oil major's new CEO Meg O'Neill acknowledged the "environment of conflict and complexity". Meanwhile, the UAE announced it is quitting Opec from 1 May, and UK government borrowing costs approached levels last seen during the 2008 financial crisis, with 10-year gilt yields at 5.02%. Chancellor Rachel Reeves pledged to maintain the 38% windfall tax on oil and gas companies.

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Guardian Business