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Airline cancellations in response to Middle East conflict
Middle Eastern carriers increased capacity following the Iran War, and airlines outside the Gulf have rerouted flights between Europe & Asia away from major hubs within the region. The latest flight information is listed below alphabetically: AEGEAN AIRLINES On May 21, Greece's biggest carrier will resume its flights from Heraklion, Rhodes, and Larnaca to Tel Aviv. Thessaloniki-Tel Aviv flights are cancelled up until June 26. Flights to Beirut will resume on May 12, and flights to Riyadh, Amman and Amman are scheduled to resume May 21. Dubai flights are suspended until August 31 and Erbil, Baghdad and Baghdad flights will be cancelled until July 2. AIRBALTIC AirBaltic, a Latvian airline, has announced that flights to Tel Aviv are cancelled until the 28th of June. Dubai flights are cancelled until 24 October. AIR CANADA The Canadian carrier has canceled flights to Tel Aviv, Dubai and Abu Dhabi until September 7. AIR EUROPA Spanish Airlines has cancelled all flights to Tel Aviv till May 31. AIR FRANCE-KLM Air France has suspended flights to Riyadh, Riyadh and Beirut until May 27, and Tel Aviv and Dubai until May 19 KLM suspends flights to Riyadh Dammam, and Dubai until 28 June. CATHAY PACIFIC Hong Kong Airlines has suspended all flights to Dubai, Riyadh and cargo freighter service to Dubai, Riyadh and Dubai until May 31, and the Hong Kong airline will continue to operate its scheduled flights beyond June. The airline plans to continue all scheduled flights after June. The U.S. carrier plans to resume New York JFK to Tel Aviv flight service on September 6th. The launch of the Boston-Tel Aviv flight, originally planned for late October has been postponed until further notice. EL AL ISRAEL AIRLINES All flights to Dubai have been cancelled until 31 May. FINNAIR Finnair has cancelled all Doha flights until July 2 and continues to avoid airspace in Iraq, Iran Syria, and Israel. The airline will not resume Dubai flights until October. British Airways, owned by IAG, will reduce flights to the Middle East once services resume. Jeddah is no longer a destination and it will be permanently removed. From July, it plans to reduce the number of flights to Dubai, Doha, and Tel Aviv from two to one per day. Riyadh's two daily flights will be reduced to just one from mid-May. The changes will be in effect until the end of the summer season, which is October 24. One Dubai service will resume on October 16. Iberia Express, the Spanish low-cost carrier of IAG, has canceled flights to Tel Aviv until May 31. JAPAN AIRLINES Japan Airlines has suspended its scheduled Tokyo-Doha and Doha-Tokyo flight until May 31, and Doha-Tokyo until June 1. The Polish airline has suspended flights to Tel Aviv up until May 31. The airline also cancelled flights from March 31 through June 19 to Beirut and Riyadh. LOT will operate its winter route from Dubai to Riyadh in October. LUFTHANSA GROUP Edelweiss, Lufthansa and Swiss Airlines have suspended flights from Tel Aviv to Dubai and until July 11th. The suspension of flights to Amman (Beirut), Dammam (Riyadh), Erbil, Muscat, and Tehran is effective until October 24. Eurowings, a low-cost airline, has suspended its flights to Tel Aviv and Beirut until July 9 and Erbil and Dubai until October 24, respectively. ITA Airways has extended the suspension of flights from Tel Aviv, Riyadh, and Dubai to May 31. MALAYSIA AIRLINES From June 2, the Malaysian airline will resume limited service to Doha. NORWEGIAN AIR The low-cost carrier has delayed the launch of Tel Aviv and Beirut flights until June 15. PEGASUS Pegasus Airlines, Turkey, has cancelled all flights to Iran, Iraq, Amman, Beirut Kuwait, Bahrain Doha Dammam Riyadh Abu Dhabi, Sharjah, Dubai, Doha and Dammam until June 1. QANTAS Australia's national carrier has added flights to Rome, Paris and London to meet the increased demand for European destinations. The number of flights to Paris is increasing to five weekly return flights from three, and the Perth to Singapore service will go from daily to ten a week. A new schedule for flights will be implemented gradually from mid-April until late July. QATAR AIRWAYS The airline said it would resume passenger flights from Baghdad to Basra, Erbil and Erbil airports of Iraq on May 10. The airline said that it will expand its international flight network from June 16 to more than 150 destinations. ROYAL MAROC The Moroccan carrier announced that flights to Doha were cancelled until 30 June and those to Dubai till 31 May. SINGAPORE Airlines In response to increased demand, the carrier has extended its Singapore-Dubai suspension until August 2 and added services on?the Singapore London Gatwick route from late March to October 24. TURKISH AIRLINES SunExpress, Turkish Airlines joint venture with Lufthansa has cancelled flights from Dubai to June 7. WIZZ AIR Low-cost airlines suspend flights from Europe to Dubai, Abu Dhabi, and Amman until mid-September. All flights to Medina are suspended permanently. (Compiled by Josephine Mason and Jamie Freed. Elviira Louma, Tiago Branao, Agnieszka Oenska, Bernadette HOG, BoleslawLASOCKI, Romolo TOSIANI. Rod Nickel, Lisa Shumaker Jonathan Ananda Matt Scuffham Alexander Smith and Susan Fenton edited the book.
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Aramco CEO: Strait of Hormuz disruption may push recovery of oil markets into 2027.
Saudi Aramco CEO Amin Nasser?warned? on Monday that disruptions to oil exports through the Strait of Hormuz could 'delay the return of the market to normal?until?2027. The oil market will take longer to stabilize and rebalance the longer supply disruptions persist, even if they continue for a few weeks longer. Nasser said this to analysts during a conference call discussing the company's results for the first quarter, which were announced on Sunday. These results exceeded expectations. If the current situation persists until mid-June 2027, Nasser said. It has been said that the impact of the Iran War, including the closure of the Strait, is the largest?disruption of the energy market ever. Nasser stated that the market loses around 100 million barrels per week. He added that only two to five vessels cross the Strait each day, compared to 70 during normal times. He said that even if the Strait reopened today, it would still take months to rebalance the market. The disruption has slowed down tanker traffic, and energy prices have risen dramatically. This has stoked fears of inflation spiraling out of control?and a possible economic recession. RED SEA Aramco increased exports through the East-West Pipeline to the Red Sea Port of Yanbu in order to sustain 60-70%of the crude export volume. Nasser called the pipeline "a critical lifeline" on Sunday. Nasser stated that the company is looking for ways to increase Yanbu's export capacity of 5 million barrels per day, which currently handles mainly Arab Light or some Arab Extra Light grades. He said heavier grades were curtailed. He said Aramco exports almost 900,000.00 bpd via?separate Western Terminals for refined Products. This is done to maximise the exports and capture higher margins. Nasser stated that this could continue as long as the?Hormuz was blocked. Nasser has confirmed that the SAMREF refinery, a joint venture with TotalEnergies, is fully operational. The SATORP joint venture is also partially operational and there are plans to restore it fully. He said that the Ras Tanura refinery is now fully operational, although some units are currently undergoing a turnaround. Once this is completed, they should be back in operation. Nasser forecasted a'very robust return of demand growth when normal shipping and commerce resume. "I would not call it demand destruction. "I would call it demand-rationing,"? he said about the current market. Nasser stated that if needed, Aramco could reach its maximum sustainable capacity of 12 million barrels per day of crude oil in less than 3 weeks. Reports have stated that Saudi Arabia has cut its output by 2,000,000 bpd since Iran blocked Hormuz. This normally accounts for a fifth or more of the world's supply. Yousef SABA (Reporting; Editing by Bernadette B. Baum, Paul Simao, and Jason Neely).
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CBS News: Trump tells CBS News that the federal gas tax must be stopped.
CBS 'News reported that President Donald Trump stated on Monday he wanted to pause the.18 cent federal gasoline tax for a while, but dismissed any relief for airlines who face higher jet fuel costs. U.S. Gas prices remain high due to.the Iran War. Trump said on CBS that he would "take off the 'gas tax' for a time and then, when gas prices drop, we will phase it back in." CBS reported that a?bailout for airlines has not been "really presented". "The airlines are not doing badly," he said. The Trump administration is open to suspending a federal gas tax, said Energy Secretary Chris Wright on Sunday. U.S. states tax gasoline as well, with?Indiana and Kentucky reducing their taxes to provide consumers with a little relief at the pumps. Since the beginning of the war in Iran in?Feb., gas prices have risen. AAA reports that one gallon of gasoline in the U.S. averaged $4.52 on Monday. (Reporting and writing by Katharine Jack; editing by Ryan Patrick Jones).
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Freeport LNG in Texas increases gas consumption over the weekend following a train shutdown on Friday
Freeport LNG’s export plant in Texas reportedly?took more gas on Sunday?and Saturday and was on course to take in even more?gas Monday, after?one?of its?three liquefaction _trains _shut down on Friday. According to a report from the company and data provided by financial firm LSEG. Freeport LNG export plant is closely watched by the global market because its shutdown and restart have caused huge price swings. U.S. Gas prices typically drop when Freeport closes because the demand for fuel at the plant decreases. However, U.S. Gas prices tend to rise when liquefaction trains restart in Freeport as the demand for fuel increases. This is what happened both on Friday and Monday. Prices?fell on Friday after a liquefaction?train at the plant closed, but prices are up by about 5% so far today, based on signs that the train was back in service. Freeport officials had no comments to make. Freeport informed Texas environmental regulators late on Friday that the liquefaction train 3 had been shut down earlier in the morning due to a problem with a system of compressors. LSEG data revealed that gas?flows into Freeport dropped to 1.4 billion cubic ft per?day on?Friday May 8 before increasing to around 1.9 bcfd from May 9 to 10, and thus far on May 11. This compares to an average of 1.9 bcfd for the seven days prior from May 1-7. Three liquefaction trains at Freeport can?convert 2.4 billion cubic feet per day of gas into LNG. A billion cubic feet of natural gas can supply 5 million U.S. households for one day. Reporting by Scott DiSavino, Editing by ChizuNomiyama
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EU regulators plan a revamp of state aid rules for smaller airports
EU competition'regulators' proposed Monday revamping state aid rules for smaller Airports. Citing Europe's?"decarbonisation" goals and the "energy crisis",?this is part of a ten-year old overhaul to EU air transportation regulations. The European Commission has asked interested parties to submit feedback by June 11, before it decides if the Commission will proceed with its plans or make any further changes. In a?statement,?EU Antitrust Chief Teresa Ribera stated that "today's proposal ensures public funding is directed to where it is most needed while ensuring level playing fields in the single market." According to the plan, airports that have up to 3 millions passengers per year, as opposed to up to 5,000,000 previously, can receive investment aid linked to green conditions for creating new capacity. Airports with between 500,000 and 1 million travellers per year can receive operating assistance for a five-year transitional period. This will help them recover from recent challenges and return to profitability. Airports that receive less than 500,000 passengers per year do not require a?previous EU approval before receiving government?operating assistance. The regulators also plan to scrap startup aid for new routes, saying that airlines should instead bear the risk. The new rules are expected to come into effect in the first quarter 2027. Reporting by FooYun Chee. Mark Potter (Editing)
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Nigerian Airlines face operational disruptions as jet fuel prices rise
Industry groups and airlines say that the airlines struggling with high jet fuel prices will suffer a second blow when supply shortages disrupt flight plans and crew rotations. This will increase safety and operational concerns in Nigeria's aviation industry. The National Association of Aircraft Pilots and Engineers said that a persistent scarcity of jet-fuel has caused widespread operational challenges. These include flight delays, route changes, and extended crew duty periods as airlines struggle to maintain schedules despite rising costs. NAAPE president Captain Bunmi Gindeh stated that fuel shortages are pushing crews to their limits. This is increasing fatigue, and could erode safety margins for an industry with strict rest regulations. Rano Air, a local carrier, said that jet fuel prices had quadrupled and made certain routes unprofitable. Industry sources reported that other carriers had also started rescheduling flights or canceling them, and cutting routes which were not profitable. The news comes at a time when the Nigerian aviation industry is already under pressure from foreign exchange volatility, high maintenance costs, strains on airport infrastructure, and fluctuating fuel prices. Last month, airlines threatened to suspend flights over what they called crippling, artificially-inflated jet 'fuel prices. The Nigerian airline industry transports millions of passengers each year across an extensive domestic network. It also plays a crucial role in connecting cities, where road travel can be slow or unsafe. Reliable air services are therefore 'economically and societally important. The Nigerian Midstream and Downstream Petroleum Regulatory Authority - said that fuel prices will not be capped. (nL6N41B0N4). They also added that any deregulation decisions would be communicated in a formal manner. Fuel is one of the largest cost components for airlines. Operators say that despite the expansion of local refining capacity, with Dangote providing most volumes, prices are still prohibitive. The disruption to crew schedules, aircraft turnaround, and maintenance planning could have a negative impact on safety. (Reporting and editing by Louise Heavens, Isaac Anyaogu)
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E.ON acquires OVO as part of UK energy shake-up
German utility E.ON will soon become Britain's biggest energy supplier after it announced on Monday that it would buy rival Ovo Energy at an undisclosed price. According to the data of?regulator Ofgem, the deal will?create one of the UK’s largest energy suppliers. The?two companies are already the third and fourth biggest providers. The acquisition adds 4 million OVO subscribers to E.ON’s 5.6 million existing customers in the United Kingdom. According to the German company, this is an important growth market. Marc Spieker is E.ON’s Chief Operating Officer for Commercial Operations. He said, "The planned purchase of OVO will strengthen our retail business. It also underlines our commitment as the partner of choice to our customers." OVO, in a separate statement, said that the UK energy market had undergone a significant?change over the past few years. This was due to expectations of financial resilience and increased regulatory oversight. The report said that these changes had altered the economics in the sector, especially for standalone energy retail businesses. It added that the changing market would favor greater scale and better access to long-term financing. The firms stated that the parties had 'agreed' not to reveal the purchase price. They said the deal would close in the second half of 2026 pending regulatory approvals, including those from Britain’s Competition and Markets Authority.
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Most Gulf stocks retreat amid deadlocked US-Iran talks
The major Gulf stock exchanges declined on Monday morning amid signs that U.S. Iran talks have stalled. This has effectively closed the Strait of Hormuz. U.S. president Donald 'Trump' dismissed Iran's response on Sunday to the U.S. proposal for peace talks that aim to end the war. He called Tehran's requests "totally inacceptable." Iranian media reported that Tehran's proposal included a comprehensive ending to the war, a lifting of sanctions, compensation, and recognition of the control it has over the Strait. Since the beginning of the war in late February, Iran has effectively blocked the Strait. This has disrupted a vital route that carries a fifth?of all the oil and gas produced worldwide. Dubai's main stock index fell 0.5%. This was due to a 0.8% drop in blue-chip developer Emaar Properties, and a 1.0% decline in toll operator Salik. Air Arabia, a budget airline, was among the 'losers'. Its share price fell by 1.7%. Aldar Properties lost 1.4% in Abu Dhabi. Defense Ministry: The United Arab Emirates air defences fought off two drones from Iran that were launched on Sunday. This was the latest of a series of attacks?on oil-rich Gulf countries. Saudi Arabia's benchmark stock index rose 0.2%. This was helped by the 0.5% increase in oil major Saudi Aramco a day after it reported a 25% rise of its?first quarter profit.?As its East-West pipe ran at full capacity, to offset disruptions caused by tensions between Iran and the United States in the Strait of Hormuz. The Qatari Index fell by 0.1%. The Qatari Defence Ministry reported that a cargo vessel traveling from Abu Dhabi, was struck by a drone Sunday morning in Qatari waters, north-east of Mesaieed Port. This caused a small fire, which was quickly contained. The vessel continued to travel towards the port without any injuries.
California county sues Meta over scam ads
Santa Clara County in California has filed a lawsuit against Meta Platforms alleging that it has "profited" from Facebook and Instagram advertisements promoting "scams", violating California's false advertisement?and unfair business practices laws.
The lawsuit, filed on Monday at Santa Clara County Superior Court in California on behalf of California residents, accuses social media giant Facebook of allowing fraudulent advertising to be displayed on a worldwide basis. The lawsuit seeks civil damages, restitution and an order that Meta refrain from unfair business practices.
The complaint, citing leaked internal documents that were first reported last year alleges that the company earns?as high as $7 billion per annum from scam ads deemed "high risk" but which clearly show signs of fraud.
Meta, according to the county, tolerated much of the fraud and even set up "guardrails" that would block any scam reduction efforts should they be too expensive.
Santa Clara also alleges that Meta contributed materially to an epidemic fraud by allowing third parties to sell accounts for placing ads that are?protected from enforcement and targeting scam advertisements at users who have clicked on similar bogus offers in the past. Citing testing, the county claimed Meta's "generative artificial intelligence" systems help unethical advertisers create ads for scams.
Tony LoPresti, County Counsel for the county of San Diego, said: "The misconduct by Meta has reached a new level and must stop." As civil prosecutors, it is our duty to hold tech firms accountable.
Meta did not respond immediately to a comment request. The company denies that it accepts ads for scams in order to maintain revenue.
Last year, a spokesman for?Meta said that they aggressively combat fraud and scams. This is because the people who use our platforms do not want such content. Legitimate advertisers also don't like it. And we certainly don't either.
Santa Clara's complaint highlights such assurances as an alleged component of Meta's alleged misconduct. The county claims that Meta misled the public by claiming that its anti-scam efforts were its highest priority, and that it rigorously reviewed ads for violations of its platform policies.
Santa Clara's filing says that Meta, based on information and belief, can adjust the amount of scam ads allowed on its platform to help it achieve its revenue targets or smooth out its earnings.
Santa Clara County Counsel has partnered with three law firms to assist it in a?suit filed against Meta - Bernstein, Litowitz, Berger and Grossmann, Renne Public Law Group and Bishop Partnoy. LoPresti stated that the county would retain control of the decisions made in the case and the firms would only be paid for winning the case.
(source: Reuters)