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The Street
The Street
By Riley Gutiérrez McDermid For bigger players, the cost of oil will have a much larger impact on their operations. The skyrocketing price of fuel, large chunk of closed airspace and the remaining problems omicron brought to the industry are hitting the aviation sector, a new industry report has found. Airlines that fly regular routes in and out of Russia and Ukraine are feeling the fallout particularly badly, as the airspace above the conflict zone is closed to commercial flights and passenger demand drops. Local Operators Are Feeling It MostOf those, Hungarian-owned budget line Wizz Air is b…