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The top Democrat of the U.S. Senate Commerce Committee stated on Thursday that recent incidents involving a 'laser-based system to combat drones in Texas, put 'the flying public at risk. Government agencies must address these serious issues. In a letter to the Pentagon and the Department of Homeland Security, Senator Maria Cantwell said that "These incidents exposed serious process failures which expose the flying public in unacceptable safety risks". She added, "It is unacceptable that this system has been deployed without adequate coordination between FAA and the law." U.S. Military accidentally shot down a government-owned drone on?February 25 with a...

The Senate's top Democrat said that the recent occurrences involving the government's use of a laser anti-drone system put flying public in danger and the government must take serious measures. Senator Maria Cantwell sent a letter to the Pentagon, the Federal Aviation Administration, the Department of Homeland Security, and other agencies, saying that these incidents revealed "serious failures in the process" which exposed the flying public to unacceptable safety risk. It is unacceptable that the system was installed without proper coordination with FAA. This 'likely' violated law. Cantwell said that the 2026 FIFA World Cup and the 2028 Los Angeles...

After a 'court of appeals' ruled against the Trump administration on Wednesday, the U.S. will have to continue paying for the $16 billion New York Hudson Tunnel. The Hudson Tunnel Project will build a new commuter train tunnel between Manhattan and New Jersey, and repair an existing tunnel that is used daily by over 200,000 people and 425 trains. The existing tunnel was heavily damaged by hurricane Sandy in '2012 and requires frequent emergency repairs. This disrupts travel on America's busiest passenger rail line. The 2nd U.S. Circuit Court of Appeals has a three-judge panel. The Appeals Court of the...

The steep depreciation of used electric cars and their improved reliability is attracting more Americans. As federal incentives for new EVs fade, the pre-owned vehicle market has become a 'key entry point' for those who cannot afford to buy a new EV. The rapid advancements in battery technology, range, and software, along with falling resale values, have pushed'many used EVs to a price that is comparable to 'comparable gasoline cars. Meanwhile, over-the-air upgrades and a growing 'charging -network? are easing concerns about ownership. Rollbacks of incentives, which once fueled EV purchase, combined with increased vehicle prices are also helping them...

On Wednesday, two drones were spotted near the main airport in Dubai and Bahrain evacuated some planes as attacks on infrastructure in the Gulf continued disrupting air traffic. The war against Iran is now entering its 12th day. U.S. and Israel's war on Iran has resulted in tens or thousands of cancellations, reroutings, and schedule changes around the world. This has shut down much of Middle?East airspace, including Qatar, due to drone and missile threats. The aviation industry is in its worst crisis since the pandemic. Dubai International Airport (DXB), which is the busiest hub of global passengers, along with...

Investors remain wary about inflationary?and economic growth risks associated with the U.S./Israeli war against Iran. Pentagon and Iranian sources described the U.S.-Israel airstrikes as "the most intense" of the war. Global markets were betting that Donald Trump would try to end the conflict soon. The Strait of Hormuz has been effectively closed by the war -- a major route for approximately one-fifth of all global oil and gas flows. Producers have had to stop production as their storage tanks fill up, and energy prices are now soaring. Air Arabia's 5.6% rise in the index led to a 0.9% increase for...

These are the top stories from the business pages of the New York Times. ? The?story has not been?verified and the?report does not guarantee their accuracy. Boeing has said it will delay delivery of certain 737 Max jets while it fixes a wiring problem, but that the delay won't prevent it from meeting its sales goal for 2026 of 500?Max planes. YouTube has added a tool that allows government officials, candidates for political office and journalists to report videos where artificial intelligence is used to display their likeness. - 'USA Today has named Jamie Stockwell as the new leader of...

Canada's main index of stocks edged up on Tuesday after the U.S. Gold prices and mining shares rose after President Donald Trump hinted that the Middle East conflict might end soon. At 11:03 am. At 11:03 a.m. ET, the S&P/TSX composite index was up 0.85%, at 33,473.03, with four out of ten major sectors in green. TSX Materials Index, which includes precious-metal miners, jumped by 1.6%, supported by high?gold prices, and had its best day for more than a week. Spot gold prices rose by around 1.4%. The energy stocks were also down by 0.2% due to a drop of?nearly...

Spirit Airlines announced on Tuesday that it had called back nearly 500 pilots who were furloughed last year as it prepares to emerge from its second bankruptcy. Last?month?the carrier reached a restructuring deal with its lenders, which would allow it exit bankruptcy before late spring or early?summer. The airline plans to focus on its routes and peak travel times where the demand is highest. Spirit Airlines said that "recalled pilots received a notice of recall on March 9, 2026. Those who accept the notice will return to duty within the timeframe specified in the Collective Bargaining Agreement." CNBC reported on...

The Canadian stock index futures rose on Tuesday as the gold rally cushioned the oil price decline after President Trump said that the Middle East war could soon be over. This kept investors cautious in the resource-heavy markets. As of 5:57 a.m., March futures for the S&P/TSX Composite Index gained 0.4%. ET. U.S. Stock Futures edged upwards Tuesday, as optimism about a faster resolution of the Middle East conflict eased fears over inflation due to energy. Toronto's benchmark index closed higher on Tuesday after briefly reaching its lowest intraday levels since February 6. Trump said Monday that the conflict with...

An official revealed that the Trump administration is in talks to reach an agreement on a multi-billion dollar rebuilding of Washington 'Dulles International Airport. Steve Bradbury, Deputy Transportation Secretary, said that the Department and the Authority running the Airport are in ongoing discussions to find a solution. Sources say that President Donald Trump met with United Airlines CEO Scott Kirby on February 25 to discuss the future of Dulles. His company is responsible for nearly 70% Dulles traffic, according to sources. Bradbury stated that "those discussions are still ongoing." Bradbury said: "Those discussions are continuing." United declined to comment. Trump...

As the spring break travel season ramps up, airlines are becoming more concerned about the?absences of airport screeners. Houston Hobby Airport reported on Monday that lines at the standard checkpoints were averaging three hours by 2 p.m. In the past two days, longer than usual lines have been reported at several U.S. airports. Officials advised passengers to arrive three to four hours prior to their flight. On February 13, funding for the Department of Homeland Security lapsed after Congress failed reach an agreement on immigration enforcement reforms requested by Democrats. This halted funding for several government departments, including the Transportation...

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...

Commercial flights have been grounded in some parts of the Middle East due to an escalating conflict after U.S. and Israeli attacks on Iran. This has left foreigners stranded and prompted governments to plan for repatriations. Here is what government officials, airlines and governments have said regarding repatriation plans. AUSTRIA Austria's Foreign Ministry?said that it had helped 117 vulnerable citizens leave the UAE and Israel through neighbouring countries and planned a charter flight for?170 passengers from Muscat on 4 March. It warned, however, that travellers would have to take land departures at their own risk. BULGARIA GullivAir and Bulgaria Air,...

Commercial flights have been grounded in some parts of the Middle East due to an escalating conflict after U.S. and Israeli attacks on Iran. This has left foreigners stranded and prompted governments to plan for repatriation. In alphabetical order, here is what government officials and representatives have said about the repatriation plan: AUSTRIA Austria's Foreign Ministry said that it has helped 117 citizens leave the UAE via Israel and neighbouring countries. It is planning to launch a charter flight for 170 passengers from Muscat, on 4 March. BULGARIA GullivAir and Bulgaria Air, as well as 'the State Aviation Operator', returned...

As the Gulf conflict intensifies, premiums on maritime insurance for war coverage have risen -- some by as much as 1000%. This has led to a dramatic increase in the cost of transporting energy along a crucial maritime corridor. The conflict sparked Saturday by Israeli and U.S. airstrikes against Tehran has 'paralyzed' traffic through the Strait of Hormuz - a major shipping chokepoint. Iran said on Monday that it would shoot at any ship trying?to pass' and nine vessels have been damaged in the area ever since the conflict started. Ship owners can claim for any damage their vessel or...

As the Gulf conflict intensifies, premiums on maritime insurance for war coverage have risen -- some by more than 1,000% -- driving up the price of transporting energy along a crucial maritime corridor. The conflict sparked Saturday by the Israeli-U.S. strikes on?Tehran, a major shipping chokepoint, has paralyzed all traffic through Strait of Hormuz. Iran said on Monday that it would shoot at 'any ship' trying to pass. At least nine vessels in the area have been damaged since the conflict began. Ship owners can claim for any damage their vessel or cargo may suffer due to conflict or terrorism....

Lufthansa reported better results than expected for its 2025 financial period as it was able to manage costs more effectively and maximize profits through a stricter financial management. Lufthansa has reported a 2 billion euro adjusted operating profit ($2.32 billion) compared to a projected 1.9 billion euro by an?Lufthansa compiled analyst poll. This is up from the?1.6 billion euro adjusted operating profit in 2024. The German airline group reported an operating profit margin of 4,9%, up from 4,4% in 2024. Lufthansa hopes to increase operating margins to 8-10% by 2030, up from a?4.4% level in 2024. However, strikes like the...