Budget Airline Halts LA Flights as High Jet Fuel Costs Spill Into US Market
Passengers check-in for a Norse Atlantic ASA flight to Oslo in Los Angeles.
Photographer: Patrick T. Fallon/AFP/Getty ImagesNorse Atlantic ASA, a Norwegian budget airline, has cut all of its flights to and from Los Angeles, citing high costs of jet fuel as disruptions from the war in Iran continue to tighten oil supplies and send prices soaring.
The move to halt 12 weekly departures and arrivals at a major destination marks one of the largest indicators of demand destruction in the US since the beginning of the conflict.