Data shows that air freight rates on some routes have risen up to 70% since the U.S. and Israeli war against Iran began. The conflict has caused flights to be restricted, ocean shipments blocked, and a rise in 'jet - fuel costs. Experts in the industry said that the Middle Eastern airspace restrictions and security concerns have had the greatest impact on the rates for routes between South Asia, and Europe. This is after more than 100 containers ships were stranded around the Strait of Hormuz, a critical oil export corridor. Swiss logistics group Kuehne+Nagel announced on Friday that global...

Air China will resume weekly flight services from Beijing to Pyongyang, the capital of North Korea, from 'March 30th onwards. When the COVID-19 outbreak broke out in 2020, cross-border flights and trains between China and North Korea had to be halted. Rowan Beard of Young Pioneer Tours, which has done business in North Korea, said that the return of Air China and the Beijing-Pyongyang International Train is a sign that tourism will be returning sooner than expected. He cited his company's communications with the airliner. Air China didn't immediately respond to an?request for a comment outside of?business hours. Young Pioneer...

The global air travel industry is still severely affected by the Iran war, which forced the closure of key Middle Eastern hubs such as Dubai, Doha, and Abu Dhabi. This left tens or thousands of passengers stranded. The following is a list of the latest flights in alphabetical order. AEGEAN AIRLINES Flights to Tel Aviv and Baghdad have been cancelled until March 29. Flights to Dubai have been cancelled until the 28th of March and flights to Riyadh are suspended until the 14th. AIR BALTIC AirBaltic, a Latvian airline, said that all flights to Tel Aviv were cancelled until the...

The top Democrat of the U.S. Senate 'Commerce Aviation Subcommittee called on Friday for a federal investigation into a recent incident of a government use of a laser based 'anti-drone - system in Texas. Senator Tammy Duckworth, who sent the letter to, requested that the inspectors generals of the Departments of Transportation, Homeland Security and Defense jointly investigate the use by the government for high-energy lasers against drones. She stated that the Texas incidents near the Mexican border raise serious questions about interagency coordination, notification procedures and aviation safety protocols. On February 25, the U.S. Military accidentally shot down a...

The global aviation industry has been thrown into turmoil by a surge in jet fuel costs, largely due to the ongoing U.S./Israeli war against Iran. Airlines have raised fares and revised their financial forecasts. In recent days, jet?fuel costs have increased from $85 to $90 per barrel to $150 to $200 per barrel for an industry where fuel can account for as much as a quarter or more of the operating expenses. Here is an alphabetical list of the ways airlines are responding to this issue: AEGEAN AIRLINES The Greece-based carrier said on 12 March that it expected suspended Middle...

Three sources said that IndiGo, India's largest airline, is asking New Delhi to reduce fuel taxes, and along with rival Air India they are also pressing for private airports in the Middle East to lower their charges. The conflict in the Middle East has made it more difficult for the carriers to make ends meet. IndiGo and Air India face a double blow as the Iran War makes it hard for carriers to access Middle East airspace, at a time that Indian airlines are banned from Pakistani airspace because of 'diplomatic tensions' between New Delhi & Islamabad. IndiGo flies to...

Since years, the fortunes and success of U.S. Airlines have been determined by fuel costs, fares, and how full their cabins are. A growing portion of their cash is now coming from co-branded cards. This trend can be seen in the way loyalty programs reward travellers. United Airlines announced last month that regular members who do not have its card would earn 3'miles per dollar spent on eligible flight, while cardholders earn 6'miles. The airline said that regular members would need to have a United card in order to earn miles for basic economy tickets. American Airlines no longer offers...

Didi Global reported a net loss on Friday for the?fourth quarter as China's biggest ride-hailing service?accelerated its?international?expansion, increasing?costs. The company, which dominates China's market for ride-hailing services and has expanded in Latin America primarily with ride-hailing, food delivery and other services, reported a net loss to the tune of 43.48 million yuan (300 million yuan) over the last three months. This compares to a net loss in the same period of the previous year of?1.3bn yuan. The company reported that revenue grew 10.5%, to 58.4 bn yuan. The international revenue, which is only a tiny fraction of the total sales,...

Abdulkadir Uraloglu, Turkish Transport and Infrastructure minister, said that a Turkish-owned ship which had been awaiting near Iran received permission to pass through the Strait of Hormuz after he and his officials contacted Tehran. Uraloglu, in comments made to Turkish media Thursday and released Friday, said that Ankara has declared the highest level of security warning for?strait. He also stated that Ankara continues contact with Iranian officials about the situation regarding the remaining 14 Turkish owned vessels. Uraloglu stated that "Fifteen Turkish-owned ships were present; we received permission from the Iranian authorities to use an Iranian port by one of...

These are the top stories from the Wall Street Journal. The Wall Street Journal has not'verified' these stories, and cannot vouch for the accuracy of their content. ByteDance's Chinese parent company, TikTok, is building computing power outside China using high-end Nvidia processors. Qantas Airways has agreed to pay over US$74m to settle a class-action lawsuit for its decision to not offer immediate cash refunds on flights that were canceled during the Covid-19 pandemic. Stryker stated that a cyber-attack related to the Iranian conflict continues to disrupt its operations including order processing and manufacturing. The nonprofit that produces the television show...

The Taliban said that Pakistan bombed a fuel depot near the Kandahar Airport in Afghanistan, which is operated by the private airline Kam Air. This was the worst conflict between the South Asian neighbors for years, despite attempts to calm tensions. Last month, Pakistani airstrikes in Afghanistan targeted what Islamabad claimed were militant strongholds. Afghanistan launched retaliatory strikes after calling the airstrikes a violation of its sovereignty. Zabihullah Mojahid, Taliban spokesperson, said that "the company (Kam air) supplies fuel to civil?airlines and to United Nations aircraft." He said that Pakistan also carried out bombings, including in the capital Kabul. Women...

Data shows that air freight rates on some routes have risen up to 70% since the U.S./Israeli war against Iran began. The conflict has caused flights to be restricted, ocean shipments to be blocked, and jet fuel prices are on the rise. Experts say that the Middle Eastern airspace restrictions and security concerns have had the greatest impact on the rates for routes between South Asia and Europe. This is after more than 100 containers ships were stranded in the area surrounding the Strait of Hormuz, a vital oil export corridor. Container ships are used to transport products like generic...