The U.S. and Israeli war against Iran, which has pushed up jet fuel prices, has shook the aviation industry around the world. Airlines have been forced to increase fares and re-evaluate their financial forecasts. In recent weeks, jet fuel prices have increased from $85-$90 per barrel up to $150-$200 per barrel. This is a major financial blow to an industry where fuel can account for as much as a quarter or more of its operating costs. Here is an alphabetical list of the ways airlines are responding to this issue: AEGEAN AIRLINES The Greek airline anticipates that the suspension of...

Uber was ordered to pay $5,000 by a federal jury in North Carolina, on Monday. The woman claimed that she had been sexually assaulted while riding with a driver booked via the Uber app. The jury verdict in?Raleigh North Carolina's followed a trial which began on April 14. The verdict comes after another jury in Arizona awarded $8.5 Million to a woman who claimed that an Uber driver raped and abused her when she was 19 years old. The jury may be more inclined to hold Uber responsible for the assaults of drivers in other cases, even though Monday's verdict...

Alaska Air Group has withdrawn its full-year forecast due to sky-high jet fuel costs caused by the Iran War and its 'chokehold' on global oil supplies. This is causing margins to be hammered, and the outlook for the future is clouded. The cost of jet fuel has risen dramatically after U.S. and Israeli strikes on Iran cut off the Strait of Hormuz - a vital artery used for oil shipments around the world. This is the industry's worst shock since the COVID-19 Pandemic. Since the start of the conflict, prices for jet fuel have nearly doubled, leaving carriers unable to...

The CEOs of the major low-cost airlines are scheduled to meet with?U.S. officials on Tuesday. Transportation Secretary Sean 'Duffy and the CEOs of major low-cost?airlines are set to meet on Tuesday with the U.S. Last week, a group of representatives from Spirit Airlines, Frontier Airlines, Allegiant Air and Sun Country emailed leaders in Congress to ask them to pass legislation suspending the 7.5% federal excise tax and $5.30 segment tax. The Association of Value Airlines said that waiving the fees would offset approximately one-third the cost increase of jet fuel. Jonathon Freye, the executive director of the group, wrote to...

JetBlue Airways CEO Joanna Geraghty said that the carrier would not be considering bankruptcy this year. This was according to a memo viewed by on Monday. The cost of jet fuel has risen dramatically after U.S. and Israeli strikes on Iran, which disrupted the Strait of Hormuz - a vital waterway for oil flow around the world. This is the biggest shock to the aviation industry since the COVID-19 epidemic. New York's carrier secured a $500-million debt financing commitment backed by 22 aircraft with the option to raise $250-million more using additional planes as collateral. Geraghty stated in an internal...

Facua, a Spanish consumer group, demanded an investigation on Monday into the low-cost carrier Volotea’s new pricing policy that links ticket prices with fuel costs. This could result in a possible post-purchase charge of up to 16 euros. Volotea in Spain's northern Asturias region introduced the temporary policy a few days ago after oil & jet fuel prices soared because of the U.S. - Israel war on Iran. The company said that 97% customers have since decided to continue with their travel plans. Facua reports that it's the first Spanish airline to implement surcharges. Facua asked Spain's Consumer Affairs Ministry...

Police in central Benue state, Nigeria, said that they had rescued 18 passengers from a bus, including 8 students traveling for university entrance exams, and arrested 7 suspects. On April 15, gunmen took?travellers' from a bus on the Makurdi - Otukpo road in southern Benue. Udeme Edward, a spokesperson for the Benue Police Department, said that all 18 abducted passengers were now safe and in stable condition following medical checks. Edet, a Benue police spokesperson, said that all 18 abducted passengers are now safe and stable following medical examinations. Benue Governor Hyacinth?Alia called on academic authorities to reschedule?exams? for students...

The global air travel industry is still severely affected by the Iran War. Many people are unable to reach their destinations as planned after major Middle Eastern hubs such as Dubai, Doha, and Abu Dhabi were closed. The latest flight information is listed below alphabetically: AEGEAN AIRLINES The largest airline in Greece has cancelled flights to Riyadh, Amman and Tel Aviv until June 27 and to Beirut and Beirut till June 26. The airline cancelled flights to Erbil, Baghdad and Dubai until June 29, and also to Erbil, Baghdad and Baghdad. AIRBALTIC AirBaltic, a Latvian airline, says that flights to...

The 'airlines' said over the weekend that Nigerian airlines had temporarily suspended their 'planned nationwide shutdown of flights operations due to crippling fuel costs. This was after the government made an appeal to halt the action until talks could be held. Airline Operators of Nigeria, an industry group composed of 12 primarily domestic carriers, had announced that they would cease services on Monday April 20 due to the rising costs of jet fuel. AON announced that it had agreed to suspend the action after an appeal by Festus Keyamo (Minister of Aviation and Aerospace Development in Nigeria), who called for...

Early trade in the UAE on Monday was a decline as concerns grew that the 'ceasefire' between Washington and Tehran might unravel after the U.S. seizes an Iranian cargo vessel, while traffic through the Strait of Hormuz remains largely suspended. The prospects for peace in the Middle East have been further dimmed by reports in Iranian state media that Tehran has'rejected' new talks and will not participate in a second round of negotiations which the U.S. hoped to convene before Tuesday's ceasefire expired. They cited the continuing blockade, the threatening rhetoric and the United States'shifting positions' and 'excessive requests'. Dubai's...

Major Asian airlines report a surge in demand for European routes, as travellers avoid Middle -Eastern hubs that are disrupted. This trend could continue 'for some time after the Iran conflict is over. Last week, Cathay Pacific Airways of Hong Kong, Singapore Airlines, Korean Air Lines, and Australia's Qantas Airways revealed robust performance on European routes for March, despite a doubled price of jet fuel. Cathay's Chief Customer and Business Officer Lavinia Lav said on Friday that "we have... increased flights and capacity into Europe in March andApril to meet the surge in demand from passengers who are prioritising alternative...

American Airlines announced 'on Friday' that it is not interested in a merger between United Airlines, and that no such talks have taken place. This has diminished the prospects of a deal that could reshape the industry but would be subject to tough scrutiny by regulators. The combination of two major U.S. network providers would be the biggest consolidation in over a decade. It would further tighten a domestic market that is already dominated by 4 similar-sized players. The regulators, unions and consumers would be'very concerned about the increased fares and decreased competition. United Airlines CEO Scott Kirby discussed the...