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Industry data show business travellers are taking longer trips than before COVID-19, leaving airlines adjusting flight plans. Qantas Airways Ltd (QAN.AX) and Virgin Australia say higher airfares have so far offset any revenue impact from fewer business trips. Ajit Chouhan, a Texas-based human resources executive, used to go on one-day business trips to San Francisco at least once a month before the pandemic. "If I'm on a business trip, do I want to stay an extra day if my partner's at home?" One-day journeys accounted for around 4% of domestic business trips globally in 2019, according to CWT data, versus 3% now.
On Tuesday, the EU steered away from a proposed price cap on Russian gas as it laid out new measures to tackle high energy prices. Overall LNG imports fell 7% year-on-year. Overall LNG imports fell 7% year-on-year. The decrease in LNG imports for Japan, Pakistan and India were 17%, 73% and 22% respectively, the IEA said. However, there is a clear increase month on month of coal power generation," IEEFA energy finance analyst Ghee Peh said.
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