Feeling the heat

Cover story

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The captains of Asia's airline industry - along with business heads at other fuel-intensive companies - undoubtedly breathed a collective sigh of relief as fuel prices trended down steadily in the past six months. The global benchmark West Texas Intermediate (WTI) crude oil spot price was hovering around $60 a barrel (bbl) in mid-February - dropping as low as $49.90/bbl in January - down from its record high of $78/bbl in August last year. And jet fuel prices have closely tracked this trajec

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