business

J. Edward Moreno1/3/25

Papa John’s is opening up shop in India... finally... again.

Papa John’s is still planning to reenter India after delaying its plans, Reuters reported Friday.

The American pizza chain said in 2023 that it would open 650 stores in India over the next 10 years. It has yet to open any, but a company spokesperson told Reuters that it will open its first restaurants in the world’s most populous country this year.

Papa John’s first entered the Indian market in 2006, but exited in 2017. Its top competitors, Pizza Hut (owned by Yum! Brands) and Domino’s, have maintained a presence in India.

Papa John’s has had a rough past year: it has reported declining same-store sales and its stock price is down more than 40% over the past year.

U.S. pizza chain Papa John's targets 2025 India re-entry after delay

The American pizza chain said in 2023 that it would open 650 stores in India over the next 10 years. It has yet to open any, but a company spokesperson told Reuters that it will open its first restaurants in the world’s most populous country this year.

Papa John’s first entered the Indian market in 2006, but exited in 2017. Its top competitors, Pizza Hut (owned by Yum! Brands) and Domino’s, have maintained a presence in India.

Papa John’s has had a rough past year: it has reported declining same-store sales and its stock price is down more than 40% over the past year.

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JetBlue is raising its bag fees as fuel costs squeeze airlines

JetBlue will reportedly hike its bag fees, as the cost of jet fuel continues to climb amid the war in Iran. It’s the latest example of carriers finding ways to push rising costs onto travelers.

Last week, United Airlines CEO Scott Kirby said that if fuel prices remain elevated, fares would need to rise another 20% for his airline to break even this year.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

JetBlue Airways raises bag fees as fuel prices soar

JetBlue Airways raises bag fees as fuel prices soar

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

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