Weaker won, rising fuel price knock airlines’ confidence in recovery
Oct 18, 2021
Rising fuel prices and a weak local currency are dampening the mood for South Korea’s aviation industry, which has pinned hopes for recovery on travel bubbles and the easing of social distancing rules. The jet fuel price stood at $94.60 per barrel, as of Oct. 8, up 5.8 percent compared to the previous week, according to the latest data from the International Air Transport Association. Averaging $73.90 per barrel this year, the price as of early this month was also up 17.5 percent compar