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Lufthansa Cuts 20,000 Flights as Fuel Prices Rise

The airline is reducing flights to lower fuel use, according to the source, as higher energy costs put pressure on operations.

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Terms & Concepts
  • WTI: West Texas Intermediate, a major benchmark for U.S. crude oil prices used to track energy market movements.
  • Fuel hedging: A risk-management strategy airlines often use to reduce exposure to volatile jet fuel and oil prices.