Kenya Airways will make a $138 million loss before tax in 2025

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• TSX futures fall as oil prices rise, Middle East tensions remain a focus

  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 to a near standstill and crippled the energy infrastructure throughout the Middle East. The Canadian stock market is particularly vulnerable to changes in oil prices because crude is one of the country's most important exports. Investors remained on edge due to the conflict. Gold pared some of its losses as well. After reaching its lowest level since November 24, spot gold fell 0.2%. The TSX is dominated by gold miners. The benchmark index posted its largest?gains in five weeks on Monday. This was boosted by hopes that Middle?East tensions would ease. This optimism was short-lived. TransAlta Corp., which is a Canadian company that owns power-generation assets, will be the focus of corporate news after National Bank of Canada upgraded its stock from "sector performance" to "outperform". Jamieson Wellness Inc. also attracted attention when CIBC began?coverage of the company with an "outperformer' rating and a?price target of C$43 (31.27). Click on CODE: TSX Market Report Canadian Dollar and Bond Report Global Stocks Poll for Canada Canadian Markets Directory ($1 = 1.3750 Canadian Dollars) (Reporting and editing by Sahal Muhammad in Bengaluru)

• New York Times Business News - March 24,

  These are the most popular?stories from the New York Times business pages. The New York Times has not verified the accuracy of these stories. The Trump administration announced that it would create a consortium of investors to invest more than $1 trillion in energy projects, minerals and semiconductors to create "a new source" for the critical goods controlled by the United States. Interior Department: The Trump Administration will pay French energy giant TotalEnergies almost $1 billion for abandoning?its plans to?build?wind farms?off the East Coast. Federal Aviation Administration investigates whether a United Airlines flight problem distracted an air traffic controller at LaGuardia Airport's tower during a critical moment, and whether this led to a runway accident which killed two pilots. After a court ruled against a previous press policy, the U.S. Defense Department announced it would adopt a new set of restrictions for journalists. It will close an indoor workspace and replace it with an outdoor area outside the main Pentagon Building. (Compiled by Bengaluru Newsroom)

• As the Middle East conflict escalates, airlines cancel more flights

  The global air travel industry is still severely affected by the Iran war, which forced major Middle Eastern hubs to close, including Dubai Doha, and Abu Dhabi. This left tens or thousands of passengers stranded. The latest flight information is listed below alphabetically: AEGEAN AIRLINES Greece's biggest carrier has cancelled flights from Tel Aviv to Beirut, Amman and Erbil until April 22. Baghdad and Erbil will be canceled until May 24. Dubai flights have been cancelled through April 19, and Riyadh flights until April 18. AIRBALTIC AirBaltic, a Latvian airline, announced that all flights to Tel Aviv have been cancelled up until April 29. All flights to Dubai are cancelled until October 24. AIR CANADA All flights from Canada to Tel Aviv and Dubai have been cancelled until the end of March. AIR EUROPA Spanish Airlines has cancelled all flights from Tel Aviv to April 10. AIR FRANCE KLM Air France has cancelled Tel Aviv, Beirut and Dubai flights until the end of March. Riyadh and Dubai flights will be cancelled until the 24th. This includes flights departing Dubai on March 25. KLM has suspended flights from Riyadh to Dammam, Dubai and Tel Aviv up until May 17, and until April 11, respectively. CATHAY PACIFIC Hong Kong Airlines has cancelled all passenger flights and cargo flights from Dubai and Riyadh to April 30. The airline has added more flights to London between March 21-28 due to an increase in demand. U.S. airline has cancelled flights between New York and Tel Aviv until May 31, and Tel Aviv to New York until June 1. Atlanta-Tel Aviv flights have been paused from August 4 to 5. Flights from Tel Aviv will be halted until June 1. EL AL ISRAEL AIRLINES The Israeli airline said that operational constraints prevent regular flights out of Israel except in "rare, exceptional situations" and it continues to make efforts to get passengers back home. The airline also called on authorities to open Ramon Airport, near Eilat. EMIRATES The UAE airline announced that it would operate a reduced schedule after a partial opening of the regional airspace. ETIHAD AERWAYS The UAE carrier said that it operated a limited schedule of commercial flights between Abu Dhabi, and select destinations. FINNAIR The Finnish airline has cancelled all Dubai flights up until 29 March and Doha flights till 2 July, while continuing to avoid Iraq, Syria, Iran, and Israel's airspace. FLYNAS Flynas, a Saudi low-cost airline, has extended the suspension of its flights to Dubai, Abu Dhabi Sharjah Doha, Bahrain Kuwait Iraq and Syria, until March 31, 2019. British Airways, owned by IAG, has extended the cancellations to Amman and Bahrain until May 31, and Doha until April 30. Flights to Bangkok and Singapore have also been added. Flights to Abu Dhabi are suspended until the end of this year. INDIGO The Indian airline has temporarily suspended its operations in Doha, Kuwait and Bahrain, Dammam as well as Fujairah Ras Al Khaimah Sharjah, Fujairah. JAPAN AIRLINES Japan Airlines has suspended its scheduled Tokyo-Doha and Doha to Tokyo flights until April 1; All flights from Tel Aviv to Dubai are cancelled until May 31, according to the Polish airline. The airline has also cancelled its flights to Riyadh and Beirut until April 30, as well as to Riyadh from March 31 through April 30. LUFTHANSA GROUP German airline group Lufthansa has suspended flights from Tel Aviv to Abu Dhabi, and also to Beirut, Dubai and Amman. Flights from Riyadh to Riyadh are suspended until April 5 and flights to Tehran through April 30. MALAYSIA AIRLINES Malaysia Airlines has suspended all flights to Doha until the 28th of March. NORWEGIAN AIR Low-cost airline has delayed the launch of Tel Aviv services and Beirut flights to June 15 from April 1 and 4 respectively. All Dubai flights have been cancelled through April 8. PEGASUS Pegasus Airlines, Turkey's national airline, has cancelled all flights to Iran, Iraq, Amman Kuwait, Bahrain and Doha Dammam until April 13th. Pegasus Airlines, Turkey's national airline, has cancelled flights to Riyadh until March 24. QATAR AIRWAYS The airline said that it would be operating a limited number of revised flights until the 28th March. SINGAPORE Airlines Singapore Airlines has announced that it will suspend its Singapore-Dubai flight until April 30 and add new services between Singapore Gatwick and London from March 31 to November 24. It will also increase the number of flights between Singapore and Melbourne (from March 29 to November 24) to meet increased demand. TURKISH AIRLINES Turkish Airlines has cancelled the majority of Middle East flights up until March 31. SunExpress has cancelled flights from Dubai and Bahrain to its joint venture with Lufthansa until 23 March. VIETNAM Airline Vietnam Airlines, the country's flag carrier, plans to cut 23 flights per week on several routes within Vietnam from April. WIZZ AIR The low-cost carrier has suspended flights from Europe to Israel and other destinations in the Middle East until March 29. Flights to Dubai, Abu Dhabi and Amman will be available until mid-September. (Compiled by Josephine Mason and Jamie Freed; edited by Matt Scuffham and Mill Nissi Prussak.

• NTSB investigates controller as part broader investigation of LaGuardia Airport collision

  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 the collision occurred shortly before midnight Sunday during a controller's overnight shift. Normally, the controller would be relieved of duty following such an incident. She said, "It was a pretty traumatizing experience for the air traffic controller." "We will want to interview the air traffic controller and others who were in that tower." U.S. experts in air safety said that the investigation would focus on the communications between the plane landing and the controller, as well as the trucks. The U.S. Federal Aviation Administration reported 80 runway incursions in the quarter ending December 31. This is up from 54 during the same period last year. The NTSB has recovered the flight data recorder and cockpit voice recorder to be analyzed. Prior Emergency The air traffic controllers decide when aircraft can land, take off and when vehicles on the ground can enter the runway. According to a recording on liveatc.net, the controller who called for Air Canada Flight 8646 land was trying to locate a gate for United Airlines flight 8786 that had complained about a "bad smell". United pilots declared an emergency and decided to not fly due to the smell that made flight attendants sick. As the Air Canada Express CRJ-900 operated by regional partner Jazz Aviation landed, the fire trucks that appeared to have cleared the same controller for crossing Runway 4 were heading to the United flight. The controller said "Stop truck one, Stop" shortly after authorizing passage across the runway. The plane hit the firetruck as it arrived. According to a separate audio uploaded by liveatc.net an unidentified controller, who appears 'to be the one responsible for the crash,' told another pilot that he was dealing with an earlier emergency, after the collision. He said, "I'm sorry," in a trembling voice. The pilot who had witnessed the crash responded, "Nah, man, you did the best you could." The pilot said that the previous incident "wasn’t good to see." STAFFING LEVELS At LaGuardia, as well as other major airports, air traffic controllers are often responsible for multiple flights. Four commercial?pilots said it wasn't uncommon to have a single controller handling both the tower and ground, which are two different roles in air traffic control. "The real question is, 'What is the sleep and work schedule of this controller and is fatigue a problem?' John Cox, a pilot and aviation safety expert from the United States, said: Homendy stated that it was premature to discuss staffing. Sean Duffy, the U.S. Secretary of Transportation, dismissed any concerns about understaffing. Duffy said to reporters in LaGuardia, on Monday, that the airport has 33 air traffic control officers at an airport that is aiming for 37. Duffy denied reports that the controller worked alone on Sunday night. Flightradar24 flight records show that 51 flights landed at LaGuardia in the hour prior to the Air Canada Express crash. This is more than double the 23 scheduled flights during the hour when the crash occurred. The cause of the jump is not known. Reporting by David Shepardson, Allison Lampert and Dan Catchpole from New York; editing by Peter Henderson and Jamie Freed).

• Wall Street Indexes Rise After Trump Postpones Strikes on Iran's Power Plants

  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 remarks that sent oil prices down. The equities were trading lower in the morning after Trump's comments sent oil prices down. Iran has denied that Trump was trying to initiate talks with someone in Iran about ending the war. The Iranian denials have caused a significant increase in the stock market today, although it is not at its highest level. The preliminary data shows that the S&P 500 rose 73.77, or 1.13% to 6,580.25 while the Nasdaq Composite grew 300.94,?or 1.39, to 21,948.55. The Dow Jones Industrial Average grew 631.06 or 1.39% to 46,211.53. The CBOE Volatility Index (Wall Street's fear gauge) has retreated after reaching its highest level in two weeks. On Monday, oil prices fell by more than 10%. The S&P 500 has 11 major industries. Consumer discretionary, a cyclical sector, saw the biggest gains. Meanwhile, defensive sectors like healthcare and consumer staples showed a weaker performance. The price of oil is the only thing that matters. In the short-term, nothing else matters. When oil prices go down, stocks rise and vice versa," explained Bob Doll. Chief investment officer of Crossmark Global Investments. What's hot today isn't a big surprise. "It's about things that are sensitive to the economy." According to CME's FedWatch, investors have reduced their bets on an interest rate hike by the U.S. Federal Reserve from 25% to approximately 12% for December. After reducing bets on rate cuts last week, traders now believe that the rates will remain unchanged at year-end. This is after the central bank struck a more hawkish tone in response to rising inflation fears. On Monday, the Russell 2000 small-cap index outperformed large-capindices. The Russell 2000, which is sensitive for higher interest rates, ended Friday more than 10% below the record close from January 22. This confirmed that it was in correction territory. Alaska Air, American Airlines, and United Airlines were all up on Monday as oil prices fell. Norwegian Cruise Line, Carnival Corp. and Viking Holdings are all among the cruise ship operators that saw their shares soar. S&P 500 Banking Index showed its largest daily gain since before the war. This week, investors will be watching for Fed speakers, surveys of business activity and consumer sentiment. Synopsys stock has rallied since activist investor Elliott Investment Management made a multi-billion dollar investment in the electronic design and automation company. (Reporting from Sinead carew in New York; Purvi Agarwal in Bengaluru, Twesha dikshit in Bengaluru, and Johann Cherian at Bengaluru. Editing by Mrigank dhaniwala and Pooja desai.

• El Al Airlines will operate at only 5% capacity after the government imposed traffic limits

  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 of takeoffs from Ben Gurion in order to "prevent potential risks to human life". Israel's air defences intercepted over 90% of Iranian missiles that were fired at Israel. However, two failures occurred on Saturday night which resulted in scores of injuries to civilians in two Israeli southern cities. Regev stated that the decision limits an airport to only one incoming flight per hour and one outgoing flight. The number of passengers on the incoming flight is not restricted, while those on the outgoing flight are limited to 50. El Al stated that "special priority would be given to humanitarian and medical cases". After studying the implications of this new framework, the airline will only operate flights to a few key destinations: New York, Los Angeles and Miami, London, Paris Rome, Athens, London and Paris. El Al also called for the opening Ramon Airport to complement Ben Gurion Airport in order to maintain aviation activity and to?provide a viable solution for passengers," the statement said. Ramon is located near Eilat which borders Aqaba in Jordan and Taba in Egypt. Other Israeli carriers operate some flights from Ramon. Arkia Airlines, Israel's national airline, announced that it would be shifting its majority of operations to Aqaba and Taba. This includes flights to New York City and Bangkok. Ben Gurion will continue to be the hub for flights to and from Larnaca, Athens, and New York. Arkia CEO Oz Berlowitz said that under the current framework it was not possible to maintain regular operations. In?practice, this amounts to closing Israel's skies. "The company cannot be forced to choose between passengers that have already purchased tickets. Therefore, we are preparing a shift of most our operations to Aqaba or Taba airports in order to maintain aviation consistency as much as possible." Reporting by Steven Scheer, Editing by Emelia S. Sithole-Matarise and Arun Koyyur. Cynthia Osterman.

• TSX increases as Trump delays strike on Iranian energy infrastructure

  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 at Allan Small Financial Group, iA Private Wealth. He said that the broader'market' remains sensitive to changing headlines surrounding the Middle East conflict. "Nobody is sure what's happening as Washington and Tehran continue to send mixed signals that whipsaw the market sentiment," said Allan Small, senior investment advisor at iA Private Wealth. According to a source cited by Iran's Fars News Agency (FNA), there was "no direct or indirect communication" with the U.S. Israel, meanwhile, said that its military had launched strikes against Iran. Materials led gains in eight of the 11 major sectors listed on the TSX. Gold and silver prices rose, boosting the sector by 4.3%. Fears of inflation fueled by the conflict have waned. The technology stocks rose by 4% in line with Wall Street peers. The Canadian energy market was impacted by a 2% drop in shares after the crude oil prices fell nearly 12%. This is a significant drag on the Canadian stock market given its heavy index weighting and the country's dependence?on exports of energy. The TSX has lost 7.6% since the beginning of the 'war, due to the volatility in oil prices caused by Middle East tensions. US authorities have also warned investors to keep an eye on news about transportation after an Air Canada Express CRJ 900 hit a Port Authority 'emergency vehicle' on the LaGuardia airport runway late Sunday. The pilot and copilot were killed and more than a dozen other people were injured, according to the U.S. authorities. The company's stock was up 3.8% as oil prices fell, helping to lift travel-related stocks across the board.

• As the Middle East conflict escalates, airlines cancel more 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, Doha, and Abu Dhabi. This left tens or thousands of passengers stranded. The latest flight information is listed below alphabetically: AEGEAN AIRLINES Greece's largest airline cancelled flights to Tel Aviv, Beirut, Amman and Erbil until April 22. Baghdad and Erbil were also cancelled until May 24. Dubai flights were cancelled from April 19 to April 18 and Riyadh flights until April 19. AIRBALTIC AirBaltic, a Latvian airline, said that all flights to Tel Aviv have been cancelled up until April 29. All flights to Dubai have been cancelled until October 24, according to airBaltic. AIR CANADA The Canadian carrier has cancelled all flights from Tel Aviv to Dubai and all flights from Dubai to Tel Aviv, until May 2. AIR EUROPA Spanish Airlines has cancelled all flights from Tel Aviv to April 10. AIR FRANCE KLM Air France has canceled Tel Aviv, Beirut and Dubai flights until the end of March. Riyadh and Dubai flights will be cancelled until March 24. This includes flights departing Dubai on March 25. KLM has suspended flights to Riyadh and Dammam until May 17, and flights to Tel Aviv till April 11. CATHAY PACIFIC Hong Kong Airlines announced that it has cancelled all passenger flights from Hong Kong to Dubai, Riyadh and cargo freighter flights until April 30. Additional flights have been added to London between March 21 and 28 due to market demand. U.S. airline has canceled flights from New York, to Tel Aviv and Tel Aviv to New York. Atlanta-Tel Aviv flights have been paused from August 4 to August 5 and Tel Aviv to Atlanta until August 6. EL AL ISRAEL AIRLINES According to the?Israeli airline, the current constraints prevent regular flights from Israel except in rare cases. However, the carrier continues working within existing restrictions to bring passengers home. The airline has called on the authorities to open Ramon Airport, near Eilat. EMIRATES The UAE airline announced that it would be reducing its flight schedule in response to a partial opening of the regional airspace. ETIHAD AERWAYS The UAE carrier announced that it would operate a limited schedule of commercial flights between Abu Dhabi, and a few?key destinations. FINNAIR The Finnish airline cancelled all Dubai flights from March 29 to July 2 and Doha flights between July 2 and March 29. This was done in order to avoid airspace over Iraq, Iran, Syria, Israel, and other countries. FLYNAS Flynas, a Saudi Arabian budget airline, has extended the suspension of its flights to Dubai, Abu Dhabi Sharjah Doha, Bahrain Kuwait Iraq and Syria, until March 31, 2019. British Airways, owned by IAG, has extended the cancellations of flights from Amman, Bahrain and Dubai until May 31, and Doha until April 30. Flights to Bangkok and Singapore have also been added. Flights to Abu Dhabi are suspended until the end of this year. INDIGO Indian Airlines has suspended its operations in Doha, Kuwait and Bahrain, Dammam as well as Fujairah Ras Al Khaimah Sharjah and Fujairah. JAPAN AIRLINES Japan Airlines has suspended all scheduled flights between Tokyo and Doha until March 31, and Doha to Tokyo until April 1. All flights to Tel Aviv and Dubai were cancelled by the Polish airline until May 31. The Polish airline also cancelled flights from Riyadh to Beirut between March 31 and April 30. LUFTHANSA GROUP Lufthansa and its partners, including Austrian Airlines, Swiss Airlines, Brussels Airlines, and ITA Airways have suspended flights from Germany to Tel Aviv until April 9 and to Beirut, Dubai Amman, Erbil, and Abu Dhabi up to March 28. For operational reasons, flights to Riyadh and Tehran were suspended until April 5. MALAYSIA AIRLINES Malaysia Airlines has suspended all flights from?Doha to?Malaysia until 28 March. NORWEGIAN AIR Low-cost airline Air Canada plans to begin flying to Tel Aviv from June 15 instead of April 1, and to Beirut on April 4, as previously planned. All flights from and to Dubai have been cancelled for the rest of the winter season, including April 8. PEGASUS Pegasus Airlines, Turkey's national airline, has cancelled all flights to Iran, Iraq, Amman Beirut Kuwait, Bahrain Doha Dammam Dubai Abu Dhabi Sharjah and Doha Dammam until April 13. Riyadh flights were cancelled up until March 24. QATAR AIRWAYS The airline said that it would only operate a limited number of flights until March 28. SINGAPORE Airlines Singapore Airlines announced that it would suspend flights between Singapore, Dubai and London Gatwick until April 30. It will also add services between Singapore, London Gatwick and Melbourne from March 29 to November 24 in order to accommodate a "higher demand". TURKISH AIRLINES Turkish Airlines has cancelled most of its flights to Middle East destinations through the end of the month. SunExpress is a joint venture of Lufthansa, Turkish Airlines and Lufthansa. It has canceled flights to Dubai and Bahrain up until the 23rd March. WIZZ AIR The low-cost carrier suspended flights from Europe to Israel and other destinations, including Dubai, Abu Dhabi and Amman, until the end of March. (Compiled by Josephine Mason and Jamie Freed; edited by Matt Scuffham and Christopher Cushing.

• Investigators have no answers to the deadly China Eastern plane crash that occurred four years ago

  China's aviation regulator?has not released an annual report?on the investigation into the deadly China Eastern Airlines?crash? for the second consecutive year, and has let the fourth anniversary of the crash pass without providing any insights into the cause. The China Eastern Boeing 737-8 jet crashed into a hillside about an hour after taking off in Guangxi, southwest China, on March 21, 2022. All 132 passengers and crew were killed in China's worst air disaster in 30 years. Global aviation guidelines require a report to be submitted within 30 days and the final report ideally within one year of an accident. This allows industry professionals to learn from mistakes and improve safety. Investigators will be expected to release statements at each anniversary if this is not possible. However, the Civil Aviation Administration of China last updated the victims in March 2024. The regulator's previous updates were only a few paragraphs in length, with scant details, but they indicated that there were no faults found or abnormalities before the takeoff from Kunming. The regulator said that the crew had valid licenses, adequate rest, and passed health tests on the day of flight. There was also no danger weather or dangerous cargo on board. Two people who were briefed at the time said that investigators had examined the actions of the China Eastern crew after they found no malfunctions. Authorities said that the pilots failed to respond to repeated requests from air traffic controllers or nearby planes while on rapid descent. The Wall Street Journal reported in?May 2022 that?black box' data showed someone intentionally crashed the plane, citing an initial?assessment by U.S. officials. CAAC said that it would release information relevant to the progress of its investigation. It also stated that speculations surrounding the crash "gravely misled the public", and interfered in accident investigation work. CAAC and China Eastern have not responded to our requests for comment. This month, the International Air Transport Association, a global airline body, released its 2025 Safety Report, reminding carriers of their duty to submit final reports. "Accident investigations help us improve safety, but many reports do not get published on time, are incomplete, or aren't easily accessible. Willie Walsh, IATA's Director General, said that some reports are not published and others do not have clear recommendations. "While the compliance to this obligation is improving - anything less than 100 percent shortchanges all of us on the opportunities for improvement."

• EasyJet warns that the Iran War will increase ticket prices by the end of summer

  The CEO of easyJet, a discount airline, said on Monday that ticket costs will increase 'towards the end of summer due to the Iran War. He added that this conflict is driving people to Spain instead and away from Turkey or Cyprus. By the end of summer, the British carrier will have re-evaluated its fuel hedges. Ticket prices may increase depending on fuel prices. "The reality is prices will start to feed through?to consumers towards the end of summer," said CEO Kenton Jarvis, as the airline launched a new base at Newcastle Airport in northeast England. Bookings shift away from the Eastern Mediterranean Jarvis stated that the war, which is now in its fourth weeks, has already affected bookings. Customers are clearly avoiding booking trips to Turkey and Egypt, as well as Cyprus, where an Iranian drone struck a British military base in early March. He said that the east Mediterranean was less popular and the west Mediterranean was more popular. EasyJet has not made any changes to its capacity but it could reduce flight frequencies for destinations with multiple daily flights. Air France-KLM, SAS and Finnair have all already announced that they would have to increase ticket prices due to the closure of the Strait of Hormuz. EasyJet announced in January that it had hedged 84% of its fuel requirements for the first six months of 2026. 62% of the fuel for the second half, and 43% of the fuel for the first six months of 2027. The average cost was $715, $688, and $671 for each metric ton. Jarvis stated that he did not see any issues with the?supply, and easyJet is managing fuel price volatility by "business as usual through cost management." The market is expecting prices to drop. Will the price come back to what it was? ... He said that he didn't know, but noted that fuel for delivery in six months is still available at a price of under $1,000, even though the spot?price was around $1,800. He said that the future of the conflict was still uncertain, and it is unclear what effect the conflict will have on demand in the long-term. Following the outbreak, there was a drop in bookings for six weeks following the Ukraine war.

• Kenya Airways claims that the war in Iran has increased demand for its flights

  Kenya Airways reported on Monday that 'demand for seats in its flights has risen due to war effects in the Middle East.' The majority of these gains came from Europe, America and Asia. The U.S. and Israeli war against Iran has caused a stir in the global aviation industry. Some airlines have raised fares, changed their schedules, or even cancelled flights due to the effects of the conflict. Kenya Airways reported that the demand for seats, also known as the load factor, on its flights was almost 100%, up from 70% in January. "We were this way... until February. It then increased significantly. "We reached 90%, 90, and 99," George Kamal said to reporters. "And the biggest gains we're seeing are coming from Europe, the U.S. and Asia." "These routes contribute positively, very positively to our network," said?Kamal, without revealing any?details. Paul Njoroge, the head of flight operations at Kenya Airways, said that Kenya Airways currently has a jet fuel supply for 56 days and is working to obtain more in India. (Reporting and writing by Edwin Waita, George Obulutsa, Alexander Smith).

• Air Canada jet crash shuts down LaGuardia Airport; Pilots killed and dozens injured

  Authorities said that an Air Canada Express plane collided with fire truck as it landed?at New York’s LaGuardia Airport late Sunday night, killing the two pilots and injuring dozens. The airport was closed. Jazz Aviation (owned by Chorus Aviation) said that the Air Canada Express CRJ900 aircraft, operated by 'its regional partner Jazz Aviation', had departed Montreal with 72 passengers and 4 crew members. Jazz and Port Authority of New York & New Jersey confirmed the deaths of the pilot and his first officer. A partial government shutdown has caused delays, long security queues and increased safety concerns at airports across the country. The FAA reported that a separate 35-minute stop on the ground at Newark Liberty International Airport, which is nearby, added to delays Monday morning after air traffic controllers evacuated their tower due to a burning smell coming from an elevator. Doug Clarke, Jazz's President, said: "Today, is a very difficult day for us, our employees and, most importantly, those who have been affected by this accident with flight 8646." NINE SERIOUSLY INJURED IN HOSPITAL Kathryn Garcia is the executive director of Port Authority. She said that 32 of the injured were?released', but nine of them remained hospitalized with "serious" injuries. Sean Duffy, the U.S. Transportation secretary, said that at least two Port Authority firemen suffered serious injuries. Aviation safety experts said investigators would examine the staffing levels of air traffic control and the actions both of the controller and the truck crew. The radio transmissions indicate that the Airport Rescue and Firefighting Vehicle was also cleared. Anthony Brickhouse, a U.S. safety specialist, said that there are many questions regarding communications. "Communication will be a key part of this investigation." In most air-crash cases, the accident is caused by a combination of factors rather than one. FIRE TRUCKS WAS CLEARED to cross Runway Garcia stated that the fire truck responded to a United Airlines aircraft which had "reported a problem with odor." United and the unions that represent U.S. Air Traffic Controllers, as well as Air Canada Pilots, declined to comment. Air traffic control audio on LiveATC.net had indicated minutes earlier that a United Flight declared an emergency because of an odor aboard. The controllers informed the crew that there were already fire trucks on site. Later transmissions captured a firetruck being cleared to cross Runway 4 on taxiway "Delta", where the accident occurred. A few moments later, an ATC controller is heard saying "Stop truck 1, truck 1, stop, Truck 1." Flightradar24's last data was recorded at 11:37 pm. ET (0337 GMT). After the accident, photos taken showed damage to the nose. The plane was tilted up. Two passengers, who declined to be named, told ABC affiliate WABC about the shock aboard the plane. One described a friend with a broken nose while another said that travelers were hitting their heads on the seat in front. Three senior aviation industry sources confirmed that Global Aerospace is the insurer of the damaged regional Aircraft Air Canada. These sources claimed that Marsh was the broker of the insurance. One source said that the insured hull of the aircraft was worth around $10 million. Flights Canceled, Delays Expected The U.S. National Transportation Safety Board announced that it would be sending a 'team of experts' to investigate the incident. Canada's Transportation Safety Board also said it would send a team in support of the investigation. The FAA stated that the airport would remain closed 'until two o'clock in the afternoon. ET (1800 GMT), on Monday. Air Canada, the country's largest airline, announced that its teams, as well as those of Jazz Aviation, will also be heading to this site. Travel disruptions will increase with the closure of New York City's busiest Airport. Transportation security staff absences have increased, resulting in long lines at U.S. major airports. On Monday, hundreds?ICE agents have been ordered to be deployed to airports in order to fill TSA staffing shortages. FlightAware, a website that tracks flights, reported 546 cancellations at the airport on Monday. According to the Port Authority of New York & New Jersey, LaGuardia will serve more than 30 millions passengers annually in 2025. It also hosts many U.S. airlines. Recent Incidents - Pressure aviation System In January of this year, the FAA recorded 97 runway incidents, as opposed to 133 during the same time period in 2017. Last month, a?bipartisan U.S. House group proposed legislation to address 50 aviation safety recommendations made after a yearlong investigation into the collision in January 2025 between a regional jet of American?Airlines and a U.S. Army Black Hawk helo that killed 67. A UPS cargo plane crashed in Louisville, Kentucky shortly after takeoff, killing 7 and injuring 11. Steve MacKinnon, Canadian Transport Minister, said that the Canadian government is working closely with U.S. officials "as they conduct this investigation and we are closely following developments." Reporting by Gursimran Kalia, Shubham Kaur, Abu Sultan and Preetika parashuraman in Bengaluru; Bing Guan and Allison Lampert, in New York; David Shepardson, in Washington; additional reporting by Joanna Plucinska, Susan Heavey and Jamie Freed; editing by Jamie Freed Joe Bavier, Louise Heavens and Jamie Freed