08
Apr
New Delhi, April 8 (IANS) Pakistan International Airlines (PIA) has scrapped most passenger discounts and cut flight frequencies as rise in jet fuel prices squeezed the air carrier’s finances, a new report has said. Pakistan-based Dawn cited a PIA spokesperson as saying that concessions are currently limited to children and infants, and all other fare discounts withdrawn. The move followed a high-level review of rising fuel costs and potential losses after Jet fuel (JP‑1) prices jumped significantly over four times in recent weeks. The International Air Transport Association’s (IATA) latest fuel monitor showed the global average jet fuel price touching…