flynas Named 4th-Best Low-Cost Airline in the World, Best LCC in Middle East

The Skytrax Awards are seen as the top prize of the aviation industry and the most important global standard for excellence among airlines worldwide - SPA.
The Skytrax Awards are seen as the top prize of the aviation industry and the most important global standard for excellence among airlines worldwide - SPA.
TT
20

flynas Named 4th-Best Low-Cost Airline in the World, Best LCC in Middle East

The Skytrax Awards are seen as the top prize of the aviation industry and the most important global standard for excellence among airlines worldwide - SPA.
The Skytrax Awards are seen as the top prize of the aviation industry and the most important global standard for excellence among airlines worldwide - SPA.

flynas, the Saudi low-cost air carrier, in 2024 was named the fourth-best low-cost airline in the world for the second year in a row, and it kept its position as the best low-cost carrier (LCC) in the Middle East for the seventh consecutive year, according to the International Skytrax Organization, the global reference for assessing airline performance.

The Skytrax Awards are seen as the top prize of the aviation industry and the most important global standard for excellence among airlines worldwide, according to SPA.
On this occasion, flynas chief executive Bander Almohanna said that receiving this award for the seventh year in a row demonstrates that flynas has competently succeeded in keeping the high quality of its services in parallel with its expansion and growth plan.

He added that the achievement is in line with the National Aviation Strategy to enable national air carriers to contribute to connecting the Kingdom with 250 international destinations, reaching 330 million passengers, and attracting 100 million tourists annually by 2030.



Oil Prices Held Down by Trump Tariff Uncertainty

FILE - Pump jacks extract oil from beneath the ground in North Dakota, May 19, 2021. (AP Photo/Matthew Brown)
FILE - Pump jacks extract oil from beneath the ground in North Dakota, May 19, 2021. (AP Photo/Matthew Brown)
TT
20

Oil Prices Held Down by Trump Tariff Uncertainty

FILE - Pump jacks extract oil from beneath the ground in North Dakota, May 19, 2021. (AP Photo/Matthew Brown)
FILE - Pump jacks extract oil from beneath the ground in North Dakota, May 19, 2021. (AP Photo/Matthew Brown)

Oil prices were little changed on Thursday, maintaining almost all of the previous session's losses on uncertainty over how US President Donald Trump's proposed tariffs and energy policies would affect global economic growth and energy demand.

Brent crude futures were up 18 cents at $79.18 a barrel by 1315 GMT. US West Texas Intermediate crude (WTI) rose 14 cents to $75.58.

"Oil markets have given back some recent gains due to mixed drivers," said Priyanka Sachdeva, senior market analyst at brokerage Phillip Nova.

"Key factors include expectations of increased US production under President Trump's pro-drilling policies and easing geopolitical stress in Gaza, lifting fears of further escalation in supply disruption from key producing regions."

The broader economic implications of US tariffs could further dampen global oil demand growth, she added, Reuters reported.

Trump has said he would add new tariffs to his sanctions threat against Russia if the country does not make a deal to end its war in Ukraine.

He also vowed to hit the European Union with tariffs and impose 25% tariffs against Canada and Mexico. On China, Trump said his administration was discussing a 10% punitive duty because fentanyl is being sent from there to the United States.

On Monday he declared a national energy emergency intended to provide him with the authority to reduce environmental restrictions on energy infrastructure and projects and ease permitting for new transmission and pipeline infrastructure.

There will be "more potential downward choppy movement in the oil market in the near term due to the Trump administration's lack of clarity on trade tariffs policy and impending higher oil supplies from the US", OANDA senior market analyst Kelvin Wong said in an email.

On the US oil inventory front, crude stocks rose by 958,000 barrels in the week ended Jan. 17, according to sources citing American Petroleum Institute figures on Wednesday.

Gasoline inventories rose by 3.23 million barrels and distillate stocks climbed by 1.88 million barrels, they said.