Industry data shows that Asian airlines who gained passengers and increased fares for European routes following the start of the 'Iran conflict' are now losing those advantages as Gulf carriers offer lower ticket prices and restore flights. Although the shift was gradual, it raises doubts about whether carriers such as Singapore Airlines, Cathay Pacific Airways and Korean Air Lines, or ANA Holdings, can maintain much of the share gained during disruption. Nathan Gee is the head of Asia-Pacific Transportation Research at BofA Global Research. He said that the industry term for seat occupancy, or load factor, has reached its peak....

Oman Air's CEO stated that the airline is considering expanding to North Asia in the next year. Con Korfiatis, CEO of Oman Air, said that the new nonstop Singapore service was backed by the lower cost base, and Oman Air's membership in the Oneworld alliance, which helps with connections. Serving the city with a Kuala Lumpur stopover failed nine years earlier. He said that Singapore is one of the largest global?hubs...and Singaporeans were among the world's most avid travelers. "Oman is no longer a transit country, but a destination for tourists. This has opened up a new market." Korfiatis stated...

Industry data shows that Asian airlines, which gained passengers on European routes and charged higher prices after the Iran conflict began are now'seeing their advantages eroded as Gulf carriers restore flights?and offer lower ticket price. The shift was 'gradual', but it raises doubts about whether carriers such as Singapore Airlines, Cathay Pacific Airways and Korean Air Lines, ANA Holdings, can maintain much of the share gained during disruption. Nathan Gee is the head of Asia-Pacific Transportation Research at BofA Global Research. He said that the industry term for seat occupancy, or load factor, has reached its peak. But long-haul bookings...

Indian benchmarks fell Tuesday, with IT stocks dragging them down on fears that U.S. interest rates may stay high for longer. However, they still posted monthly gains, as lower oil prices and measures to attract foreign investment helped stabilize the rupee. Brent crude traded at $73 per barrel, down from the levels before the Iran conflict. It is down 42% since its peak in April of $126.4. This has eased pressure on India's inflation and current account deficit. The Nifty 50 dropped 0.34% to 23,865.75, and the BSE Sensex slipped 0.33% to 76 478.67. The indexes gained 1.4% and 2.3%...

Australian Federal Police reported that a 'Thai airline employee' was charged with importing heroin in excess of a kilogram (2 pounds) after customs officials found it hidden inside tote bags. Police said that border officers screened 12 bags belonging to the 26-year old woman who, according to Thai Airways, was a flight attendant at Melbourne Airport when she arrived on June 25. The heroin found in the bags had an estimated street price of A$500,000 (343,300). * She is charged with importing a controlled border drug and possessing a quantity that could be sold. Each charge is punishable by a...

Air New Zealand announced on Tuesday that Kris Cudmore, an insider, had been appointed as chief financial officer. The airline also said two Boeing 787 deliveries would now be postponed beyond 2026. Cudmore will assume the role of Infrastructure, Planning and Commercial?Lead on?August 3. He has served as an advisor with the company for three years, before joining the airline formally in 2025. Cudmore held senior positions at companies such as Spark New Zealand and Telstra. The flag carrier released a statement outlining a plan to reduce?costs? and return the airline back to profitability?, following a review?by CEO Nikhil Ravishankar?since...

The Austrian Consumer Information Association (ACIA) announced on Monday that low-cost carrier Ryanair had lost a case in Austria's Supreme Court over certain?passenger charges, including a fee for airport check-in. Austria is the latest country to reject some of Ryanair’s charges. The airline announced last week that it would no longer charge parents for sitting with their children, after the British Competition Watchdog opened an inquiry into the policy. VKI, a consumer group, reported that an Austrian court on May 14 ruled that 14 clauses of Ryanair's Terms and Conditions are illegal. VKI brought the case for the Austrian government....

As diplomatic efforts to resolve the conflict that followed the U.S.-Israeli strikes on Iran gain momentum, some airlines are restoring their flights to certain parts of the Middle East. However, many carriers continue to suspend flights, causing global travel disruptions. The following is a list of the current status of flights by alphabetical order. AEGEAN AIRLINES Thessaloniki-Tel Aviv flights were resumed by Greece's largest airline on June 28. Dubai flights are suspended until August 31 and Erbil and Baghdad flights until September 30. AIRBALTIC AirBaltic, a Latvian airline, has suspended flights to Tel Aviv from June 28 to July 1,...

The CEO of Lufthansa said that the German group is preparing a bid to rival Air France-KLM. In July, the Portuguese government launched a long-delayed TAP privatisation. It aimed to sell a stake of 44.9% to a strategic partner airline to increase its global reach, and set aside an extra 5% to employees. Portugal has asked Lufthansa to submit binding bids before the end of July. The two airlines were the only contenders, with initial offers that the government considered "largely equal and very ambitious" in terms of strategic, industrial, and financial terms. This demonstrates its confidence in TAP’s valuation....

Gulf markets opened lower on Monday as investors were on edge due to recent strikes by the U.S. against Iran. This was despite a pact?between both?countries?to stop further attacks. After several days of retaliatory attacks, which were triggered by a projectile fired by Iran that struck a cargo ship in the Strait of Hormuz on last week, there will be?a renewed push for diplomacy throughout the Middle East. Since then, both sides have accused each other for violating an interim truce. Oil prices rose due to uncertainty over the durability of the peace deal, but crude oil has since lost?nearly...

On every World Cup matchday, tens and thousands of American and international fans throng Union Station, in downtown Los Angeles, to take special buses directly?to Inglewood Stadium, while thousands watch from the "Fan" Zone inside and outside of the ornate Art Deco Station. When a soccer fan is lost, "ambassadors", who are there to guide them, will help them find the Fan Zone or buses. If they feel overwhelmed by heat or stress, "calming pods" or hydration centers can be used. Armando Roma, manager of the civil rights, inclusion, and racial equity group at LA Metro, said that some people...

Sources said that an outage this week on a power transmission line in Venezuela's Central Region is slowing down efforts to restore?full services at a port, refinery, and petrochemical complex following earthquakes. Residents and sources said that many roads have reopened, and electricity has been restored to areas affected by the earthquakes. The death toll is now at almost 600, but residents and sources say the area closest to the epicenter, in the central region, remains largely without power. Sources said that the lack of electricity is preventing injured people from being transported, hospitals from operating, goods imported at ports...