Bloomberg Airlines are seeing prospects for a strong profit rebound from two years of coronavirus turmoil rapidly slip away after the price of oil reached $125 a barrel. An oil shock triggered by Russia’s war in Ukraine is the latest blow to carriers that have already had to cancel flights and reroute long-haul journeys to avoid shuttered airspace. The price ...

  Bloomberg Kenya Airways Plc said Russia’s invasion of Ukraine will result in airlines increasing ticket prices after crude oil surged, while uncertainty may reduce demand for travel. “We have started seeing many of the airlines taking action on this to ensure that they are able to keep on flying,” Commercial Director Julius Thairu said in an interview. The war ...

Bloomberg North Korea is undertaking construction work at its main nuclear weapons test site for the first time in about four years, according to an analysis of satellite imagery, raising fresh security concerns as South Korea elects a new leader. Images captured show “very early signs” of activity at the mountainous area of Punggye-ri, including the construction of a new ...