Australian shares rose more than 2.5% Tuesday, supported by banks and miners, as investors waited for clarity about the prospects of a?resolution? to the Middle East war. As of 1252 GMT the S&P/ASX 200 was up 2.6% to 8,800 points after losing 1.1% the previous day, Thursday, before Easter. President Donald Trump has maintained that despite the rhetoric, there is still hope for a quick resolution. Investors cautiously returned to risk assets after the U.S. military did not escalate. This helped global equity markets edge higher. U.S. equity indices closed modestly higher on Monday. Japan's Nikkei average futures rose 0.7%...

As the Middle East conflict reduces jet fuel supplies in some countries, airlines across Asia have cut flights, added refuelling stations, and carried extra fuel from their home airports. This is adding pressure to an industry that has already been hit by a "sharp increase" in fuel prices. According to Kpler, European carriers should prepare for a similar disruption after Iran's closing of the Strait of Hormuz halted nearly 21% of the global supply of?seaborne?jet fuel. Oil shocks in the past primarily increased prices. This one, however, is also limiting physical supply and forcing governments, airports, and airlines to consider...

Air New Zealand said on Tuesday that it would slash its flights in May and June, as well as raise fares. The Iran War has disrupted global air travel as jet fuel prices have increased. The airline announced that the flight 'consolidations', its second in less than a month, would impact around 4%?flights, and 1% of all passengers traveling between?May?and June?. Air NZ's spokesperson stated that jet fuel prices are "more than twice what they normally would be." The company stated that affected customers will be notified starting at 2100 GMT on Monday. All notifications should be completed by the...

The Indian newspaper Mint reported that Air India CEO Campbell Wilson resigned. This comes as the airline struggles with persistent losses, and increased regulatory scrutiny after a crash in which 260 people were killed last year. The airline is dealing with persistent losses and delivery delays, as well as the'report' of a leadership change. The regulators have also reprimanded Air Canada for safety lapses. These include flying an aircraft without an airworthiness certification eight times and operating planes without checking the emergency equipment. The report cited two sources familiar with the situation to say that Wilson was currently serving his...

Budget documents show that the White House is proposing to reduce airport security operations by more than 9,400 employees and $1.5 billion. Details were included in a budget document for Department of Homeland Security (which oversees TSA) that was part of the White House's proposed budget for the next fiscal. Congress will hold hearings later this month on the White House's budget request as lawmakers strive to reach a budget agreement?before fiscal year ends September 30. Republicans have called for the privatization of?TSA. Budget details had nothing to do with the funding impasse that Congress has been experiencing over DHS...

'Budget carrier AirAsia X' said on Monday it remained committed to opening a planned Bahrain hub in 'June. However, the airline’s?chief exec was non-committal about if?the plans will go ahead if?the Middle East conflict continues. AirAsia X announced in February that it would resume flights between Kuala Lumpur and London via its Bahrain hub. This was the airline's first flight outside Asia. Services were due to start on June 26. This announcement was made before the U.S.-Israeli airstrikes against Iran that took place later in the month. These airstrikes disrupted air travel across the Middle East and many airlines cancelled...

United Airlines announced on Friday its plans to "introduce" a new tier-based fare structure in premium cabins this year. United announced that it would offer base, standard, and flexible fare options in the premium cabins of its long-haul international flights, transcontinental U.S. flights, and selected Hawaii flights. These fares will join United's existing basic, flexible, and standard fares for economy cabins. According to the new tier fare structure, customers can choose from a range of benefits, including free seating and extra checked baggage, in the standard category. Tickets in the flexible category, however, are fully refundable, and include all the...

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 revise their financial forecasts. In recent weeks, jet fuel prices have increased from $85-$90 per barrel to $150-$200 per barrel. This is a major financial blow to an industry that relies on fuel for up to 25% 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 Middle East flights, as well...

The global air travel industry is still severely affected by the Iran War. Many people are still unable fly to 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 Greece's largest airline has?cancelled flight to Riyadh and Tel Aviv until April 30 and Erbil, Baghdad, and Dubai until May 31, AIRBALTIC AirBaltic, a Latvian airline, has announced that all flights to Tel Aviv are cancelled until May 31, 2019. All flights to Dubai have been cancelled until October 24, according to airBaltic....

Willie Walsh's appointment as IndiGo CEO is expected to boost the Indian carrier's global expansion, but first the former British Airways chief must repair the airline’s damaged reputation. Walsh's Tuesday appointment as India's largest airline, which controls about 65% domestic flights, stunned the industry. This was after months of negative media and regulatory pressure following the cancellation of thousands of flights by the airline in December because of inadequate planning of pilot rest and duty regulations. IndiGo has entrusted the head of the International Air Transport Association to lead the airline after the worst crisis it has experienced in two...

The franco-dutch airline group, 'Air France-KLM' announced a non-binding bid to purchase a minority stake of TAP Air Portugal as the Portuguese Government moves forward with its plans to privatise their 'flag carrier. Air France-KLM was the first of three European airline groups that bid on a stake in TAP as Lisbon looks to sell as much as 49.9%. British Airways' owner IAG, and Germany's Lufthansa also expressed interest in participating in the privatisation of the airline. "Our aim is to'strengthen operations in Lisbon and 'develop connectivity in other cities throughout the country, including Porto. Benjamin Smith, CEO of Air...

Malaysia Aviation Group (the 'operator of Malaysia Airlines) reported higher profits in 2025, but warned on Thursday that the market volatility caused by the conflict in Middle East could affect its performance this year. The Iran War, which has lasted for a month, has caused a global aviation shake-up. A sharp rise in jet fuel prices prompted airlines to raise fares and reduce?capacity. MAG, which is owned by Malaysian sovereign fund Khazanah Nasional reported a 'net profit after tax and interest of 137 million ringgit (US$34.08million) for 2025 compared to a '54 million ringgit ayear earlier. The revenue of the...