{"id":343440,"date":"2020-03-25T11:46:25","date_gmt":"2020-03-25T06:16:25","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=343440"},"modified":"2020-03-25T13:53:52","modified_gmt":"2020-03-25T08:23:52","slug":"jet-fuel-refining-margins-turn-negative-as-airlines-ground-fleets-amid-coronavirus-pandemic","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-fuel-refining-margins-turn-negative-as-airlines-ground-fleets-amid-coronavirus-pandemic\/","title":{"rendered":"Jet fuel refining margins turn negative as airlines ground fleets amid coronavirus pandemic"},"content":{"rendered":"<p>Asian jet fuel refining margins have turned negative for the first time in over a decade as airlines continue to ground flights on international and domestic routes amid stringent travel restrictions to contain the coronavirus pandemic. <\/p>\n<p>The already-battered profit margins are expected to come under further pressure as there is no concrete recovery timeframe in sight, trade sources said. <\/p>\n<p>&#8220;Global air traffic is down by about 40-45% at present, according to flight tracking sources, with further deterioration expected over the coming weeks as more flight restrictions and airline capacity reductions take effect,&#8221; said Richard Gorry, managing director at JBC Energy Asia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asian jet fuel refining margins have turned negative for the first time in over a decade as airlines continue to ground flights on international and domestic routes amid stringent travel restrictions to contain the coronavirus pandemic. The already-battered profit margins are expected to come under further pressure as there is no concrete recovery timeframe in sight, trade sources said. &#8220;Global air traffic is down by about 40-45% at present, according to flight tracking sources, with further deterioration expected over the coming weeks as more flight restrictions and airline capacity reductions take effect,&#8221; said Richard Gorry, managing director at JBC Energy [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-343440","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=343440"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343440\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=343440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=343440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=343440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}