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BBC News source @bbc.com · London 🇬🇧· 6h ·

German airline Lufthansa is cutting 20,000 short-haul flights this summer due to soaring jet fuel prices linked to the US-Israel war with Iran, which analysts warn could lead to higher ticket prices and more cancellations across the industry. #Aviation #Travel #FuelPrices #DE #US #IL #IR #FR #KLM #NL #DL #KW #UK #NO #PL

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Lufthansa cuts 20,000 summer flights after jet fuel price rise
German airline Lufthansa will cut 20,000 short-haul flights over the summer, saying soaring fuel prices have made many journeys "unprofitable" for the firm.
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BBC News source @bbc.com · London 🇬🇧· 6h ·

The article highlights Europe's reliance on Middle Eastern aviation fuel, particularly from the Gulf, as supply risks rise due to geopolitical tensions and recent price increases, prompting Lufthansa to reduce its European network despite ensuring continued access to global routes. #AviationFuel #JetFuelPrices #EnergySupply #IR #KW #UK #DE #PL #NO

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Lufthansa cuts 20,000 summer flights as fuel prices surge
The Gulf is a major source of aviation fuel, accounting for about 50% of Europe's imports. The bulk of it comes through the Strait of Hormuz, which Iran has effectively closed in response to US and Israeli attacks.
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Euronews English News source @euronews.com · Lyon 🇫🇷· 6h ·

EU leaders have approved a historic €90 billion loan for Ukraine following Hungary's removal of its veto, which will bolster Ukraine's efforts against Russian aggression and also facilitated discussions on Ukraine's EU membership progress during the informal summit in Cyprus. #Ukraine #EULeaders #RussiaSanctions #UA #HU #RU #FR #DE #CY #BG #SK #SI #IT #US #IR #EG #LB #JO #SY #KW #AT #NL #SE #FI #BE #IE

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Zelenskyy rejects "symbolic" EU membership
Also in this newsletter: EU approves €90 billion loan for Ukraine after Hungary lifts controversial veto. EU leaders are meeting for a second day of an informal summit in Cyprus today, after making history on Thursday with the adoption of a €90 billion loan for Ukraine.