Passenger Transportation Services

Investors seized on signs of progress in a Middle East conflict to boost futures linked to Canada's stock market index. As of 06:18 a.m., June futures - on the S&P/TSX composite index - were up 1.2%. ET (1018 GMT). Oil prices fell and global stocks rose on reports that the U.S. was seeking a ceasefire for a full month in its war with Iran. A 15-point plan had been sent to Tehran, increasing hopes of a breakthrough which could help restore the oil supply from the Gulf. The prospect of a ceasefire in hostilities, even though the Iranian military denied...

The U.S. and Israeli war against Iran has caused a surge in jet fuel costs, which has impacted the global aviation industry. Airlines have raised fares?and revised financial forecasts. In recent days, jet fuel prices have increased from $85 to $90 per barrel up to $150 to $200 per barrel for an industry where fuel can account for as much as a quarter or more of their operating costs. Here is an alphabetical list of the ways airlines are responding to this issue: AEGEAN AIRLINES The Greek airline anticipates that a rise in fuel prices and the suspension of Middle...

Delta Air Lines announced on Tuesday that it would suspend special services to members of Congress due to the partial government shutdown, which has impacted U.S. air travel. Delta suspends special services for members of Congress who fly Delta temporarily due to the impact on resources caused by the government shutdown. Delta's priority is safety. Delta's no. 1 priority is to take care of its people and customers. This has become increasingly difficult in today's environment. Delta, along with other U.S. Airlines, offers special services to lawmakers who travel frequently between Washington and the state and are responsible for overseeing...

New York's LaGuardia Airport is experiencing significant delays and cancellations for the second day in a row following the fatal collision between an Air Canada Express plane and a firetruck on the runway Sunday night. Federal Aviation Administration has said that it doesn't expect to see one of two runways in New York reopen before Friday. FlightAware, an online flight tracker, reported that 221 flights (20%) had been cancelled and 214 were delayed as of 9:45 am EDT. The FAA warned that major delays would continue throughout the day. Jennifer Homendy, chair of the National Transportation Safety Board (NTSB), said...

Kenya Airways reported a loss before tax of 17.93 billions shillings (138.30 millions) for 2025 due to falling revenues. In 2024, one of Africa's largest airlines suffered a major setback after it made its first profit before tax in more than a decade. The airline's total revenue dropped to 161.47 billion from 188.50 in 2024. Mary Mwenga, Chief Financial Officer of the company, said that the decline in performance was partially due to the temporary grounding of three wide-body Boeing Dreamliner 787-8 jets because of global supply chain constraints. The shilling currency gained more than 20% against the dollar in...

United Airlines announced a major aircraft and cabin overhaul on Tuesday, focusing on more luxurious seating. The airline is pursuing its long-term plan despite warnings that oil prices could remain above $100 per barrel until 2027. Chicago-based carrier says it will receive over 250 aircraft by April 20, including 68 Airbus A321neo coastliner and A321XLR Jets, with Polaris lie-flat business-class seats. The premium cabins are also larger. This comes after United's Chief Executive Scott Kirby announced last week that it would reduce its planned capacity by five percentage points this year to prepare for oil prices expected to rise above...

The global air travel industry is still severely affected by the war in Iran, which forced major Middle Eastern hubs like Dubai, Doha, and Abu Dhabi to close. The latest news on flights is listed alphabetically below: AEGEAN AIRLINES Greece's largest airline has cancelled flights from Tel Aviv to Beirut, Amman and Erbil until May 24, and Baghdad to Baghdad and Erbil until April 22. Dubai flights have been canceled until?April 19, and Riyadh flights until April 18. AIRBALTIC AirBaltic, a Latvian airline, said that all flights to Tel 'Aviv were cancelled until April 29, 2019. All flights to Dubai...

The short-lived relief that came from President Donald Trump's five day pause in strikes against Iran's infrastructure for energy has faded, and investors are still gripped by the uncertainty surrounding the 'war' in the Middle East. As of 6:02 a.m. ET, June futures for the S&P/TSX Composite Index were down by 0.5%. ET (1002 GMT). Oil prices rose on Friday on concerns about supply after Iran denied having talks with the U.S. on ending the Gulf War, contradicting Trump’s statements that a deal might be reached soon. The war, now in its fourth week has brought the Strait of Hormuz...

Investigators are looking into the fatal collision between an 'Air Canada Express jet and a firetruck at New York LaGuardia Airport. They want to speak to an air traffic controller who was dealing with another emergency just before the crash. The Chair of the National Transportation Safety Board, Jennifer Homendy, told reporters at LaGuardia airport that the controller will be part of an investigation by this independent federal agency which "will rule nothing out." Air traffic control staffing is a concern at U.S. major airports, following the accident that killed two pilots while seriously injuring nine others. Homendy stated that...

Oil prices dropped after President Donald Trump announced that he had told the military to delay strikes against Iranian power plants due to "productive discussions" with Tehran. Mohammad Baqer Qalibaf, Iran's Parliamentary Speaker, posted on social media, that no "talks" had been held between Iran and the U.S. This contradicts Trump's claim that the United States and Iran have just concluded a day-long meeting in which they reached "major agreement". He also said that a settlement could be made soon to end the war. The U.S. stock market fell sharply last week. However, it recovered quickly on Monday following Trump's...

El Al Israel Airlines announced on Monday that it will'sharply reduce its operations, and the availability of seats will be reduced to 5% from a 'normal level. This is after the Transportation Ministry ordered traffic reductions at Ben Gurion Airport in Tel Aviv. Israel's flag airline, which has operated repatriation flights ever since the U.S. and Israel air war against Iran began on February 28, has called on the authorities to open Ramon Airport in the Red Sea town of Eilat to replace Ben Gurion. After a security assessment on Sunday, Transport Minister Miri regev decided to reduce the number...

Canada's main stock index rose on Monday, after U.S. president Donald Trump announced that he would halt military strikes against Iranian energy facilities, allaying fears of an escalation major in the Middle East conflict, which is now in its fourth weeks. At 10:52 am. The S&P/TSX Composite Index of the Toronto Stock Exchange was up 2% to 31,943.43 at 10:52 a.m. ET. The price of precious metals rose and the oil price fell, signaling a slight improvement in risk sentiment on the market. Analysts remained cautious despite conflicting signals coming from the U.S. Allan Small is a senior investment advisor...

The purchase of an aging refinery by Delta Air Lines outside of?Philadelphia, in 2012 was a move that seemed unusual. Most airlines buy jet fuel directly from suppliers. Delta bought a refinery to convert crude oil into jet fuel, among other products. This deal, which was intended to reduce fuel costs for airlines, also attracted scrutiny due to the growing pressure on them to cut emissions. As 'jet fuel prices' rise faster than crude during the 'Iran war, increasing airline fuel bills by a wider refining margin, this bet looks more significant. A wider gap between jet fuel and crude...

According to a government order, India will remove the temporary fare cap it imposed on domestic tickets in December. This is a measure to help airlines who are facing increased costs due to disruptions caused by the Iran War. The caps are set to be lifted on Monday. They were introduced last December in response to IndiGo's mass cancellations of flights, which led to an increase in airfares at other airlines. The Indian Civil Aviation Ministry stated in an order that "the current situation has stabilised with the restoration of capacity and the normalisation?of operations throughout the sector." The order...

Vietnam's authorities warned that the aviation industry should prepare for possible flight reductions in April, after China and Thailand stopped exports of jet-fuel due to the?Iran war. This increased the likelihood of shortages. Vietnam imports 60% of its jet-fuel needs from China and Thailand. Documents from the aviation regulator, and importers, seen by. In a document sent on March 9, the Civil Aviation Authority of Vietnam warned that there was a risk of jet fuel shortages in the months to come for Vietnamese airlines. The report said that airlines should review their plans and, in particular, domestic routes. It also...

The 'Dubai Media Office' said on Monday that authorities are?dealing?with a??fire? resulting??? from a drone attack near the Dubai International Airport. They added that there were no reported injuries. Dubai authorities stated that the drone attack had hit a fuel tank, and civil defence teams are working to control the fire. Gulf Arab states have been subjected to more than 2,000'missile and drone attacks' since the U.S. and Israeli war against Iran began on February 28. These include U.S. military bases and diplomatic missions, but also vital Gulf oil infrastructure and ports, airports and hotels, as well as residential and...

A State Department official revealed on Thursday that the Trump administration had organized nearly 50 flights 'to return U.S. Citizens from the Middle -East since the U.S. -Israeli War with Iran began. Officials also said the demand 'for 'the flights was declining. In the days following the conflict, the State Department received criticism for its tardy preparations in relocating diplomats and offering assistance to U.S. Citizens as Iran's attacks led to the closure of airspace?and cancellations of flights across the region. The official briefed journalists under condition of anonymity. "By today's end, we will have completed about four dozen flights,...

The global air travel industry is still severely affected by the Iran war, which forced the closures of major Middle Eastern hubs such as?Dubai and Doha, leaving tens thousands of passengers stranded. The latest flight information is listed below alphabetically. AEGEAN AIRLINES The largest airline in Greece has cancelled flights to Tel Aviv and Baghdad. Dubai flights are cancelled until the 28th of March and Riyadh flights until March 14th. AIR BALTIC AirBaltic, a Latvian airline, said that all flights from and to Tel Aviv have been cancelled until March 28. AirBaltic has cancelled all flights from and to Dubai...

Investors remained cautious about inflation and growth risk stemming from the U.S./Israeli war on?Iran. According to the Pentagon and Iranian sources, the U.S. launched the most intense airstrikes in the war. Global markets were still betting that Donald Trump would try to end the conflict soon. The Strait of Hormuz has been effectively closed by the war. It is a major route used for approximately one-fifth of all global oil and gas shipments. Producers have had to stop production as their storage tanks fill up, and energy prices are now higher. Dubai's main stock index fell 2.4%. Blue-chip developer Emaar...

Qantas Airways announced on Tuesday that it would increase fares for its international flights 'this week' due to the'surge' in jet fuel prices caused by the Middle East conflict. In a press release, the Australian flag carrier said that it would be considering increasing capacity on existing routes to?Europe in the months ahead. The U.S. and Israel war on Iran 'has sent oil prices soaring, upending travel around the world and sparking fears of a travel slump. Due to the closure of airspace and capacity constraints, airfares on Asia-Europe routes are already higher. Air New Zealand's competitor, Qantas, announced an...

Air 'New Zealand suspended their fiscal 2026 'earnings projections?on Tuesday, citing the?escalation in conflict in the Middle East as well as unprecedented volatility on global jet fuel markets. New Zealand's Flag?Carrier forecast that second-half earnings would be?flatter or weaker than first?half, in its interim results published last month. It had posted a loss of NZ$59 million before tax. Air NZ stated in a statement that the conflict in the Middle East had led to extreme volatility on jet fuel markets since then. Jet fuel prices have increased sharply in recent days, from $85-$90 per barrel before the conflict. Fuel is...

The global air travel industry is still severely affected by the Iran war, which forced the closures of major Middle Eastern hubs such as Dubai, Doha, and Abu Dhabi. This left tens and thousands of passengers stranded and thousands of flights disrupted. The following is a list of the most recent flights by airline alphabetically: AEGEAN AIRLINES The largest Greek carrier has cancelled flights from Tel Aviv to Baghdad, Erbil, and Beirut through the early morning arrivals on March 25, and flights from Beirut to Erbil. Flights to Dubai, Abu Dhabi and Riyadh are cancelled until evening arrivals on March...

Oil prices are surging and the U.S.-Israeli conflict with Iran is intensifying. This has hammered the airline stocks in Asia, putting more pressure on airlines already operating within a tight airspace. Travellers scrambled to avoid the Middle East conflict. Oil prices have risen by 20% on Monday morning, the highest level since July 2022. This is due to fears about a tightening supply and prolonged disruptions in shipments. Stranded passengers are paying huge sums to get out of the Middle East. They have to make last-minute trips to the airport or travel overland to hubs that are less affected. Sometimes...

Qatar Airways will operate a few return flights from Doha, Qatar to Europe this Saturday. However, commercial flights are still suspended due to the U.S. and Israel war on Iran that has closed Qatari airspace. Since the conflict escalated last Thursday, these flights are the first state-owned airlines to leave Doha. They will fly to London, Paris?, Madrid?, Rome?, and Frankfurt. Commercial flights were suspended because of the closure of Qatari Airspace. There was also a lack of air traffic in much of the Gulf region. Dubai, which is the busiest international airport, has been largely closed for the seventh...