fuel costs

2 articles

How Did Geneva’s Eight-Person Oil Trader Make $60M in the Strait of Hormuz?

So, how does a company founded in 2024, with a staff of around eight, take on the financial and legal exposure of a multi-hundred-million-dollar tanker transit through the Strait of Hormuz?

Business · May 11

SWISS Air Lines Reports CHF 30M Q1 Profit Driven by Asia Demand: “Our results for March were exceptionally strong,” Says CFO

Switzerland's flag carrier nearly ninefold its first-quarter operating result year-on-year, but warns that sharply rising fuel costs will weigh on Q2 performance.