Indian shares fell early on Monday as they tracked a sharp selloff in?Asian markets and crude prices spiked because of the escalation in the Middle East conflict. Brent crude jumped 3.5% to?about $96.5 per barrel, after Iran launched missiles against Israel in response to Israeli strikes on Beirut. This reduced hopes of an end to the war and raised fears about continued disruptions to oil supply. India's benchmark index Nifty 50 dropped 0.95% at 23,142.20, and the BSE Sensex fell 0.95% at 73.529.06 as of 9:50 a.m. IST. Thirteen out of 16 major sectors fell, with the high-weighted financials and...

Indian shares opened lower on Monday as they tracked a sharp selloff across Asian markets due to a'spike in oil price,' a resurgence of Middle East tensions, and fears about a U.S. rate hike. By 9:15 a.m. IST, the benchmark Nifty fell 1.22%, to 23,080.70. The BSE Sensex dropped 1.11%, to 73,421.61. All 16 major industries?recorded losses. Financials and IT stocks with high weighting lost 1,3% and 1.5% respectively. The small and mid-caps fell by 1.2% and 1,3% respectively. Brent crude futures rose 3.5% to $96.5 per barrel after Iran fired'missiles' at Israel following Israeli strikes in Beirut. This reduced...

Indian shares are expected to open lower Monday as they follow a sharp selloff in?Asian markets due to a spike of oil prices, renewed Middle East tensions, and growing fears about a U.S. rate hike. As of 8:06 am, Nifty futures were trading at 23138. IST indicates that the Nifty will open about 1% lower than its previous close, which was 23,366.70. Brent crude futures increased 3.5% to $96.5 per barrel, after Iran launched missiles against Israel in response to Israeli strikes on Beirut. This reduced hopes of an end to the war as a whole and raised fears about...

LATAM Airlines' Chief Executive?Roberto Alvo warned that the industry could be forced to reduce capacity if fuel prices continue to rise into 2027. He also said there would be increasing pressure on airlines. Alvo said in an interview at the International Air Transport Association annual meeting in Rio. "At the end, that's the only thing you can do to try and balance the equation in the industry." Alvo said that airlines with stronger balance sheets, and more premium passengers were better positioned to absorb the fuel shock. He said that carriers with weaker finances, or those who are more exposed...

The rising fuel costs in aviation won't derail the privatization process of Portugal's flag carrier TAP. It could select a strategic partner by the end of the year, said Carlos Oliveira, chairman of TAP. He spoke on the sidelines at the IATA Annual General Meeting held in Rio de Janeiro, on Sunday. Oliveira stated that "we are in a process which is very transparent and well defined, as it was set up by the shareholder -?the Portuguese state". Oliveira stated that the airline will be waiting for binding proposals by the end of July. He added that fuel "will not...

Oman Air will order 'jets' to replace its aging planes, and to serve more routes, according to CEO Con Korfiatis. Korfiatis did not reveal a timeline for the deal or the number of aircraft, but he said that he was interested in narrowbody jets equipped with lay-flat mattresses, which appeal to premium travelers and are able to carry fewer passengers on long-haul flights, such as Kuala Lumpur, and Istanbul. He said, "We've been doing long-haul flights on narrowbody aircraft in the past couple of years that we didn't do before." "We see a market opportunity with this product." In March,...

Ronald Lam, the Chief Executive Officer of Cathay Pacific, said that it is looking at placing additional orders for widebody aircraft, 'narrowbody aircraft and freighter planes as part of its plans to expand rapidly in the next decade. Lam said this could include new orders as well as exercising options to expand previous orders. Cathay has already ordered more than 100 'new aircraft, including the long-delayed Boeing 777X, Airbus A350 cargo planes?and smaller Airbus A320neo passengers jets for HK Express, its low-cost subsidiary. Lam told reporters at an aviation summit held in Rio de Janeiro that "there will be more...

A senior executive at Brazilian planemaker Embraer said on Sunday that the company expects its E2 'jets' to be brought into China eventually, as the aircraft will play a part in the development of domestic models. Arjan Meijer, CEO of Embraer Commercial Aviation, said that the team is working day-to-day in China. He was speaking on the sidelines a global meeting of top airline executives held in Rio de Janeiro. He added, "We think the E2 family will be the perfect complement to the indigenous products from China." Meijer stated that the E190E2 and E195E2 jets could 'fit between China’s...

United Airlines is open to purchasing airport slots, gates, or other assets, if higher fuel prices place weaker competitors under pressure. However, it will not pursue a large consolidation 'deal' after its failed approach to American Airlines. Kirby stated in April that American refused to engage with him after he approached them about a merger. This was an idea he reportedly raised in February with U.S. president Donald Trump. Robert Isom, the CEO of American, rejected a merger as being anti-competitive for customers and unprofitable. Kirby stated in an interview conducted on the sidelines the International Air Transport Association annual...

Copa Airlines does not plan to hedge fuel despite recent price spikes linked to the war with 'Iran. CEO Pedro Heilbron said that the airline is confident its strong 'balance sheet' and pricing adjustments can absorb the shock. He said that the Panamanian airline hasn't hedged fuel for over a decade, and doesn't intend to change its course. Heilbron explained, "We are just covering the costs." "Yields were adjusted, but not 100%. "It's only a partial effect." The global airline industry has raised fares to compensate for higher fuel costs, but the increases have been constrained by demand and competition....

The CEO of ITA 'Airways' said on Sunday that the airline will decide in the next 'eight weeks' whether to sue RTX's Pratt & Whitney for engine problems which have grounded 20% of its 80 'aircraft'. Globally, hundreds of A320neo jets - the latest version?of Airbus' single-aisle aircraft - have been grounded. The 'long waiting times for engine inspections, repairs and maintenance and a manufacturing issue at Pratt & Whitney have all contributed to this. Joerg Eberhart said, "It is imminent" on the sidelines of a 'global gathering' of top airline executives at Rio de Janeiro. "We'll have to?decide within...

On Sunday, the global airline industry almost halved their 2026 profit projection, citing conflict in the Middle East, which has?driven fuel prices up, disrupted important air corridors, and exposed?the 'fragility of an industry operating on thin margins. In its annual report, the International Air Transport Association (IATA), which represents over 370 airlines and accounts for about 85% global air traffic said that it expects to see a combined profit of $23 Billion in 2026. This is well below an earlier projection of $41 Billion, down from $45 Billion in 2025. Even though passenger demand is resilient, planes are flying fuller,...