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Flyr collapse down to high fuel prices, say analysts at IBA

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Flyr collapse down to high fuel prices, say analysts at IBA

High fuel costs were key to the collapse of Norwegian carrier Flyr, according to analysis by IBA, which said it expects more airlines to fail in the coming weeks. "Jet kerosene prices remain very elevated at $1,153 per metric tonne, in part due to a very wide crack spread caused by a lack of refiner...

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