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Market Impact: 0.2
Etihad Says Mideast Rivalry Shields Passengers From Higher Fares
Source: Bloomberg
Energy Markets & PricesTransportation & LogisticsTravel & LeisureAntitrust & Competition
Etihad Airways' CEO said rising jet-fuel costs will not yet be passed through to customers because of intense competition among Middle Eastern airlines. The stance pressures airline margins if fuel prices remain elevated, while supporting near-term airfare demand.
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