Passenger Transportation Services

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,...

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...

Azul, the Brazilian airline, expects to take a hit of about $1 billion ($204.15m) from higher jet fuel prices in this year, but believes that it is better placed than its peers to absorb the effect after a recent restructure, according CFO Antonio Carlos Garcia. Garcia, who came to Azul from Embraer in April, just as the airline was exiting Chapter 11 bankruptcy proceedings noted that fuel accounted for about 30% of Azul's costs. The sharp rise in oil prices has also affected the firm quickly. Since the Iran War disrupted traffic along the 'Strait of Hormuz', global airlines have...

A Japanese executive revealed that the Sumitomo 'Mitsui Trust Group is planning to 'launch a new aircraft leasing fund. The aim is to raise $500 million from investors in Japan, Asia, and the Middle East. This is the latest effort to increase aircraft leasing investments by a Japanese financial institution hoping to tap into an expanding market due to shortages of aircraft at airlines and supply constraints at Boeing and Airbus. The fund will lease Boeing & Airbus aircraft to airlines worldwide. It is the third fund launched by SMTG and Novus Aviation Capital. Takeru Mifune, head of Sumitomo Mitsui...

Local media reported that New Jersey reduced its round-trip fares to World Cup matches at MetLife Stadium from $150 to $105 on Thursday, after the original price was criticized by FIFA. The reduced fare is still less than the $15 that the same route would cost on an average day. It also exceeds the $80 round trip fare of FIFA's shuttle service to the stadium with 82,500 seats, which will be hosting?eight World Cup games including the final match on July 19th. Last month, the CEO of New Jersey's public transport?provider NJ Transit -?Kris Kolluri - cited increased security as...

Airbus has said that it delivered fewer planes in the year to April than during the same period a year ago, underlining the pressure on the European planemaker to speed up handovers to the airlines. The company reported that it delivered 67 planes in April. This brings the total number of deliveries this year down to 181, a 5.7% drop from the 192 aircraft it handed over in the same period a year earlier. It is working to increase the 'pace of customer handovers. Airbus struggles to reach its annual 'target' of delivering about 870 commercial planes after Pratt &...

Caixin, the Chinese media outlet, reported that a Chinese-owned oil product tanker was attacked on Monday near the 'Strait of Hormuz. President Donald Trump launched a U.S. Plan to assist stranded ships, but then suspended it one day later. Caixin reported on Thursday that this was the first attack on a Chinese oil-tanker. Since the Iran conflict began, traffic through this vital strait has virtually stopped. It is through which 20 percent of the world’s oil and gas supplies pass. Caixin reported that the deck of a?unnamed ship caught fire. The ship's marking was "CHINA OWNER & CREW". The crew...

HawkEye 360, a space?analytics company, raised $416 million in its U.S. IPO on Wednesday. In the IPO Herndon, a Virginia-based company, sold 16 million shares at $26 each, giving it a value of approximately $2.42 billion. The firm had set a target price of $24-$26 per share. HawkEye 360, Suja Life and other consumer brands are expected to 'test investor demand' for defense technology in the upcoming months. HawkEye also will gauge the appetite for space-technology offerings as investors wait to see if SpaceX files a public filing that could boost confidence amongst peers in pursuing listings and tapping equity...

The U.S. National Transportation Safety Board published data this week indicating that the fuel supply was'switched off' to both engines of a China Eastern Airlines Boeing 737 before a 'the aircraft crashed into a hillside on southern China in March 2020, killing all 132 passengers. The NTSB announced on Wednesday that its investigation into China's worst air disaster in 30 years found no safety concerns. Fuel switches are physical controls that regulate fuel flow into the engines on Boeing 737 aircraft. A pilot must lift the switch before switching from run to stop. This is the first major update of...

The head of the Federal Aviation Administration (FAA) will be questioned on Capitol Hill, on May 19, after a report revealed that'systemic failures within the agency led to the devastating mid-air collision last year which killed 67 people. The collision of an American Airlines regional plane and a Black Hawk Army helicopter in January 2025 near Ronald Reagan Washington National Airport, was the most deadly aviation accident to occur in the United States for more than two decades. FAA Administrator Bryan Bedford is scheduled to appear before a Senate Aviation Subcommittee on Wednesday, April 17, to answer questions regarding the...

The U.S. Transportation Department reported that major U.S. airlines spent just over $5 billion in jet fuel during March. This is up $1.8 'billion, or 56%, from what they spent in February. Fuel cost $3.13 per gallon in March, an increase of 74 cents and 31% compared to February. USDOT reported that fuel consumption increased by 20% in March. The disruptions in shipping through the Strait of Hormuz since the U.S. and Israel's war against?Iran have?roiled the global oil markets. The soaring jet fuel price has created the biggest crisis in the aviation industry since the COVID-19 epidemic. In March...

Alaska Air announced on Wednesday that it would raise $500 million via a debt offering. The airline is looking to bolster liquidity in the face of a rise in jet fuel prices due to war. The carrier announced that it would issue debt securities with a maturity date of 2031. After Iran closed the Strait of Hormuz, airlines around the world cut capacity and raised baggage fees. They also added fuel surcharges in order to combat the skyrocketing cost of fuel. Since the U.S. and Israeli strikes against Iran on February 28, jet fuel prices have almost doubled. Financial strains...

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...

Swiss International Air Lines' CEO said in the NZZ on Saturday that the airline has enough jet fuel to last for the next six weeks. However, the company is exploring contingencies such as "tankering", amid industry warnings of fuel shortages linked to the Iran War. The newspaper Neue Zurcher Nachricht quoted SWISS CEO Jens Fehlinger as saying that "the current forecasts of our suppliers, oil companies and refineries, are good." European airlines are warning of possible jet?fuel shortages in the coming weeks due to the U.S. - Iran conflict, which has caused energy prices to soar and curtailed'supply. "If there...

Amid concerns about a fuel shortage due to the war with Iran, the European Union Aviation Safety Agency has advised airports and airlines to 'take precautions' when switching to Jet A fuel. In European airports, jet A-1 is typically used in planes. This grade is more suitable for long-haul, cold-temperature operations and is preferred by the military. EASA issued a statement Friday saying that "a potential introduction into markets using Jet A-1 traditionally needs to be managed adequately." EU guidelines revealed on Thursday that Jet 'A' fuel will be allowed to be used by airlines as the EU preferred fuel...

Middle Eastern carriers increased capacity following the Iran War, and airlines outside the Gulf have rerouted flights between Europe & Asia away from major hubs in the area. The latest flight information is listed below alphabetically: AEGEAN AIRLINES On May 21, Greece's biggest carrier will resume flights from Heraklion to Tel Aviv, as well as Rhodes and Larnaca. Thessaloniki-Tel Aviv flights are cancelled up until June 26. Flights to Beirut and Riyadh will resume on May 12, and flights to Amman and Riyadh on?May 21, respectively. Dubai flights are suspended until August 31 and Erbil &?Baghdad flights until July 2....

According to shipping data and industry sources, the United Arab Emirates, along with buyers, have recently sailed several oil tankers through the Strait of Hormuz to transport the oil that has been bottled up by the Middle East conflict in the Gulf. These volumes are only a fraction of what the UAE used to export before the U.S./Israeli war against Iran, but they demonstrate the risk that the buyer and producer are willing to accept to increase oil sales. Saudi Arabia, Kuwait and Iraq have all stopped selling oil, or cut prices dramatically to attract buyers who are not interested....

The aviation industry was blindsided by the sudden increase in jet fuel costs from $85 to $100 to $150 to $200 per barrel during the U.S. and Israeli war against Iran. Fuel accounts for as much as a quarter or more of the operating costs, which has forced airlines to raise their fares and change their financial forecasts. Here is an alphabetical list of the ways airlines are responding to this issue: AEGEAN AIRLINES The Greek airline anticipates that the suspension of Middle East flights, as well as a spike in fuel costs will have a "notable" impact on its...

Israel will send jet fuel to Germany following the recent request from Berlin for assistance due to a crisis in Strait of Hormuz. The ministry did not provide details on the quantity of jet fuel, nor a timeline. The Ministry added that they would also examine how to help Germany in the matter of natural gas. The ministry stated that the decision was made by the Energy Minister Eli Cohen and the Foreign Minister Gideon Saar. Gideon Saar announced the decision to his German counterpart during a trip to Berlin. In Europe, concerns about a possible shortage of jet fuel...

ITA Airways does not plan to reduce flights 'because of rising jet-fuel prices,' its chief executive stated on Tuesday. He added that?the group is 80% covered in fuel for the remainder of the year. Joerg Erberhart, CEO of the Italian airline, which is controlled by Lufthansa said that the company was looking to raise ticket prices by between 5% to 10% this year to compensate for fuel cost increases resulting from the U.S./Israeli war against Iran. As the Middle East conflict drives up jet fuel prices and disrupts major routes, airlines in Asia and Europe are raising fares, adding fuel...

Middle Eastern carriers increased capacity following the disruption caused by the Iran War, while airlines outside of the Gulf have rerouted flights between Europe and 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 flights from Heraklion to Tel Aviv, as well as Rhodes and Larnaca. Thessaloniki-Tel Aviv flights are cancelled up until June 26. Flights will resume to Beirut, Riyadh, and Amman on May 12. Flights from Dubai to Erbil and Baghdad will be cancelled until July 2, while flights to Dubai...

The U.S. and Israel war on Iran is causing financial stress for companies in Australia and New Zealand. Higher fuel prices are stoking inflation, reducing consumer and business confidence and weighing on corporate earnings. Below are some of the companies from Australia and New Zealand who have reported an impact on their business due to the Middle East conflict. Air New Zealand, New Zealand's flag carrier, announced that it would be raising fares in response to the volatility of jet fuel prices in early March. It was one of the first airlines to do so. The airline announced on April...

Middle Eastern carriers increased capacity after the U.S. - Israel war against Iran caused severe disruption. Airlines outside the Gulf are continuing to reroute routes between Europe and Asia, away from major hubs in the region. The latest flight information is listed below alphabetically: AEGEAN AIRLINES The largest airline in Greece will resume its flights to Tel Aviv on April 28 from?Athens, from Heraklion and Rhodes on April 30, and from Larnaca and Rhodes on May 21. Thessaloniki-Tel Aviv flights are cancelled through June 26. Flights to Riyadh & Amman will resume on May 21. The flights to Beirut and...

Middle Eastern carriers increased capacity after the U.S. - Israel war against Iran caused severe disruption. Airlines outside the Gulf are continuing to reroute routes between Europe and Asia, away from major hubs within the region. The latest flight information is listed below alphabetically: AEGEAN AIRLINES The largest airline in Greece will resume flights from Athens to Tel Aviv on April 28. Flights from Heraklion and Rhodes, as well as Larnaca and Rhodes, will be resumed on May 21. Thessaloniki-Tel Aviv flights are cancelled until June 26. Riyadh will resume its flights on May 21. The flights to Beirut will...