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 up to $150-$200 per barrel. This is a major financial blow to an industry that relies on fuel for 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 Middle East flights,...

Two of Australia's top companies have issued profit warnings, and the 'crash in sentiment in the business community indicates that rising prices are causing pain, increasing the risk of stagflation. Qantas Airways, the?country's?top airline?and Westpac Banking Corp., the second-largest lender?both warned that their earnings might be affected by rising fuel prices. Westpac stated that the expected slowdown in economic growth would create a challenging environment for certain customers. "The supply shock from energy market disruption is expected to lead to higher inflation and interest rates," Westpac said. The 'updates' are the most clear indications to date of how the Middle...

Carsten 'Spohr, the chief executive of Lufthansa, said that due to the Iran War, jet?fuel supply is expected to be constrained throughout 'the year. This could lead to increased costs. In an interview with the German newspaper Frankfurter Allgemeine Zeitung published on Tuesday, Spohr said that "Kerosene is going to be in short supply for the rest of the season and more expensive." Spohr also stated that record revenues on Asian routes helped to offset the rising cost of kerosene. Spohr stated that the group has not yet grounded any aircraft because of fuel shortages but warned it may be...

The U.S. and Israel war on Iran is causing financial strain on Australian and New Zealand companies, as higher fuel prices are causing inflation and denting consumer and business confidence. Westpac Banking Corp. and Qantas Airways warned Tuesday that their earnings would be affected by the soaring price of fuel and by consumers who are struggling to pay 'high' prices and incur high borrowing costs. Some of the companies from Australia and New Zealand have reported an impact on their business due to the Middle East conflict. Air New Zealand New Zealand's Flag carrier announced a price increase in March...

These are the most popular?stories from the Wall Street Journal. These stories have not been?verified? and we cannot vouch for their accuracy. After peace talks with Iran broke down over the weekend, the U.S. placed a blockade in the Strait of Hormuz. This could cause another shock to an economy already battered by weeks of war. Saudi Arabia has urged the United States to drop its blockade of the Strait of Hormuz and?return to the negotiating table. Saudi Arabia is pressing the United States to end its blockade of Strait of Hormuz, and return to the negotiation table. They fear...

Virgin Atlantic's Chief Executive Corneel Kster has warned that jet fuel prices will remain high and that prolonged conflict in the Middle East may dampen travel demand worldwide, according to the Financial Times. Koster, in an interview with The FT, said that the British airline would struggle to return profitability this year, even after adding fuel charges to fares to offset rising costs. He said that, despite the "positive news," of a ceasefire agreement between the U.S.A. and Iran "all-in?jet fuel" prices remain more than twice their pre-war level. In a separate interview with Bloomberg News?Koster stated that Virgin 'Atlantic'...

Qantas Airways, Australia's national airline, said on Tuesday that it had raised its fuel cost outlook and hadn't started its planned stock buyback. It cited a soaring and volatile price of jet fuel after the Middle East war cut off oil supplies. The airline's fuel estimate for the second half fiscal 2026 has increased from A$2.2 billion to A$3.1 billion (2.20 billion to 2.34 billion dollars). This surge in jet fuel prices shows how geopolitical events are quickly affecting airline costs. Refineries have had to cut production due to a lack of Middle East crude oil. Qantas said that while...

Bloomberg News reported that a person familiar with the talks said that 'United Airlines CEO Scott Kirby has floated a potential merger?with rival American Airlines Group. Bloomberg said that Kirby had pitched the idea to government officials. However, it is unclear if there have been any further overtures or if a process has begun to "explore" a possible deal. United Airlines declined comment. The White House and American Airlines did not respond to comments immediately. The merger of four U.S. airlines, American Airlines, United Airlines, Delta Air Lines and Southwest Airlines, would consolidate the U.S. domestic market. After the bell,...

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 that relies on fuel for about 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 Middle East...

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. Erbil, Baghdad and Dubai flights were cancelled until July 2. AIRBALTIC AirBaltic, a Latvian airline, has announced that flights to Tel Aviv are cancelled until May 31. Dubai flights are cancelled until 24 October. AIR CANADA...

The majority of major Gulf stock markets fell on Monday morning after Washington announced that it would block traffic into and out of Iranian ports, following weekend talks which?failed? to reach an agreement to end the conflict. The U.S. action, which is aimed at increasing pressure on Iran leaves a fragile truce in the balance. U.S. Central Command announced that U.S. Forces would begin blocking all maritime traffic entering or leaving Iranian ports as early as 10 am. ET (1400 GMT), on Monday. Dubai's main share index fell 1.8%. This was due to a drop of 3.2% in the top...

The stock markets of the United Arab Emirates fell in early trading on Monday after Washington announced a blockade against?traffic into and out of Iranian ports, following the failure of a weekend 'talks' with Tehran to reach a settlement to the conflict. The talks in Islamabad were the first direct U.S. - Iranian meeting in over a decade. They followed a six-week ceasefire that saw thousands of people killed, energy supplies disrupted, and fears of a larger regional conflict heightened. The U.S. Central Command announced that the blockade will begin at 10 am ET (1400 GMT). ET (1400 GMT) will...