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Delta and Aeromexico win US Court battle to retain joint venture
The U.S. Court of Appeals on Thursday overturned the Trump Administration's order from September 2025 that was intended to force Aeromexico and Delta?Airlines to dissolve a joint venture. Last year, the?airlines?sued to stop the U.S. Department of Transportation's order to repeal a nearly 10-year-old joint-venture that allowed the carriers to coordinate the scheduling, pricing, and capacity of U.S. - Mexico flights. The USDOT order is part of a series of U.S. measures aimed at Mexico’s aviation sector due to competition concerns. Last year, a court halted the order pending legal challenges. The 11th Circuit U.S. Court of Appeals stated that USDOT "didn't reasonably explain why they conducted a much more limited market study in this case than in the past, or if it imposed a requirement to approve the joint venture compared to what it required of'similar joint ventures approved in Japan. Delta, Aeromexico, and the U.S. The Justice and Transportation departments referred to the joint venture as "legalized collusion," which controls "almost 60 percent of operations at the 4th-largest gateway international to and from the United States," in reference to Mexico City flights. Delta, with a 20% stake, argued President Donald Trump held Aeromexico to a higher standard than other joint ventures such as United Airlines or Japan's ANA. The court said that USDOT's arbitrary and capricious action was because it did not apply the same standards to Delta and U.S.Japan joint-venture applicants. USDOT has taken separate action to revoke approval of 13 routes for Mexican carriers in the U.S., and cancel all combined passenger and cargo flights from Mexico City's Felipe Angeles International Airport. Transportation Secretary Sean Duffy stated last year that Mexico "illegally cancelled and frozen U.S. carrier flight for three years without consequence."
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Panama Canal will cap daily transits in anticipation of severe El Nino
It announced on Thursday that the Panama Canal Authority will limit daily transits starting in early September, as it prepares for an El Nino season expected to reduce water levels. This is a reversal of a previous promise not to restrict vessel passage. The new measures will reduce the number of vessels that can pass through the canal each day to 32 by September 15, and to 34 as of Sept. 4. In June 2026 the canal'registered 35 average daily transits, which corresponded to vessel demand. Its capacity was to handle around 40 crossings per day. Canal authorities said in May that they did not plan to restrict vessel passage this year and have already taken water conservation measures starting 2025. According to a?advisory released Thursday, daily capacity at the Neopanamax locks of the canal will be capped as of September 4, while 'capacity in?the older Panamax?locks is limited to 25 slots. The capacity of the Panamax locks will be further reduced on Sept. 15 to 23 slots. As part of its water management strategy, the canal authority has tightened draft restrictions several times.
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At least 40 bodies found after a boat overloaded with passengers capsizes in Nigeria
Local officials and residents reported on Thursday that a?overloaded?boat capsized in Nigeria's northwest Sokoto State. Abdulkadir Yusuf is a manager at the National Inland Waterways Authority. He said that rescue efforts continue after the accident near Gorau, in Goronyo Local Government Area. Yusuf reported that around?40 bodies of children had been discovered. Nasiru Adamsu, a local lawmaker in the 'Sokoto State legislature, confirmed the death toll at 43. A local resident said that the boat was carrying farmers and workers hired to harvest rice. He estimated there were more than 70 people on board when it capsized. One resident reported that there were 57 passengers onboard. Mustapha Umar said that officials would be heading to the scene soon and will provide more information later. Overcrowding and poor maintenance, as well as a lack of enforcement of safety regulations, are all factors that contribute to deadly boat accidents in Nigeria. At least 25 people were killed in January when a leaking boat capsized on the coast of?Yobe State, north-east Nigeria.
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Exporters warn that delays could occur as Ivory Coast prepares for EU cocoa regulations
Ivory Coast’s cocoa regulator claims the world’s largest cocoa producer, Ivory Coast, is ready for new EU anti-deforestation regulations. However exporters and buyers warn that a compliance system set to launch next month could disrupt bean sales and exports. Companies must prove that cocoa and other commodities are not associated with deforestation under the EU's anti-deforestation legislation, which comes into effect at the end December. Yves Brahima Kone, the head of the Coffee and Cocoa Council (CCC), said that digital ID cards would be issued to farmers from September 1, 2026/27. The cards, which were introduced in 2019, are electronic wallets that track cocoa from the farms to the export ports. They also verify the origin of the cocoa and ensure farmers get the guaranteed price. "We are prepared to prove that our cacao is traceable and certified." Kone stated that the 'producer card' is now operational and meets the expectations of chocolate customers. He said that the cards would also allow more than 1 million small-scale farmers to access the banking system?for a first time. According to the'regulator,' Ivory Coast is home to between 1.2 and 1.3 million cocoa producers. INDUSTRY WARNS ABOUT DISRUPTIONS According to industry sources, the launch could cause bottlenecks when the new season starts. We spoke with nine buyers, seven suppliers and four cooperative managers. Sources said that farmers who do not have their cards or have lost them may be unable sell cocoa and this could slow down purchases. The sources also mentioned a shortage in?card terminals. Participants in the industry questioned whether the system could be effective in preventing illegally grown cocoa in protected areas to enter the supply chain, even if administrative problems are resolved. Ivory Coast estimates that cocoa produced in protected forest and national parks represents 15% of the national production. Exporters and European environmental groups estimate the figure at around 30%. Sources said that illegally produced cocoa could still be mixed with legal beans and shipped to Abidjan and San Pedro ports, in part because the output of each farmer can only be estimated and not precisely measured. "We know the benefits of this card, but there will be many problems and chaos during the season. The director of an European export company in Abidjan said that the new European regulation regarding deforestation is too complex to be implemented on the ground. There will be delays throughout the supply chain, including in the purchasing and exporting of goods. "That's unquestionable," said a senior executive of another European export company. Ange Aboa is the reporter. Anait Miridzhanian (Editing), Rob Corey-Boulet, Mark Potter and Anait Miridzhanian
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Discover Airlines, a subsidiary of Lufthansa, says that fuel shortages in Namibia could affect flights to Europe
Discover Airlines, a subsidiary of Lufthansa, said on Thursday that a temporary fuel shortage could affect its flights to Europe. The airline said that aircraft operating flights to Frankfurt and Munich out of Windhoek were being rerouted through Angola in order to refuel. A spokesperson for the Lufthansa Group said that there was a temporary and local shortage of?fuel at Windhoek International Airport. As reported in local Namibian media, Lufthansa has not responded to the question of whether its cargo freight is also affected by fuel shortages. Namibia Airports Company issued a statement stating that it was aware of fuel supply challenges for the Jet A-1 at the main aviation gateway in the country and that efforts were being made to minimize disruptions. (Reporting by Wendell Roelf, Additional Reporting by Sfundo parakozov, Writing by Nilutpal Timsina and Editing by Alexander Winning).
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Shein postpones IPO until September 1, according to sources
Shein plans to list its Hong Kong initial public offering on Monday, according to a source with knowledge of the matter. Two other sources also said that Shein is aiming for a September 1 listing, which is slightly later than originally planned. One source said that while September 1 was the "target date", the listing might happen a few weeks later. Last week, it was reported that Shein had hoped to list her company on August 28. Investors' appetite for Shein has been dampened by the slowing growth and increasing costs, as first reported by South China Morning Post. Shein, the online fast fashion retailer, was once seen as a disruptor to established brands like H&M and Zara because of its ultra-low price and rapid supply chain. Shein's valuation is aiming for $26 billion to $27 billion according to a source who has a direct knowledge of the issue. This is a sharp drop from the $100 billion it was valued at in its private fundraising in 2022. Investor?meetings in advance of the IPO began with the company requesting an IPO valuation between $30 billion and $40 billion. Shein did not respond to an inquiry for comment. Reporting by Kane Wu, Helen Reid. Mark Potter and Mrigank Dhaniwala edited the report.
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Sources say India is considering low-cost loans to help renewable energy projects that have been affected by the power restrictions.
Four industry sources said that India may offer low-cost loans for'renewable energy producers' to compensate them for the losses they have suffered because of inadequate transmission infrastructure. According to official figures, the?transmission?network of this South Asian nation has been unable to keep up with the growth in renewable energy, especially solar. Solar represents 162 gigawatts or almost a third its total power generation capacity. Sources said that India's renewable power developers had lost around 45 billion rupees (470.21 million dollars) since February 2025 due to limited infrastructure. One source said that in some cases, up to 70% of power generated by renewable energy projects cannot be added to grid. Sources spoke under 'condition of anonymity' because they weren't authorised to speak publically?on this issue. A request for comment was not immediately responded to by the federal ministries of finance and?power. India, the third largest solar power producer in the world, has cut its output by 14% or 8,133 Gigawatt Hours between April and Juni. Sources said that the ministry of power was looking at low-interest loans with long terms of 7 to 8 years as compensation for producers. The government is reportedly discussing the plan with energy companies and determining which projects qualify for compensation. Sanjeev Aggarwal is the?founder and executive chairman of Hexa Climate which develops renewable project. He said that his company has experienced curbs, without providing details, and that it raises financial problems. He said that lenders need to have confidence in the future generation when they are calculating debt. If curbs are frequent, and not compensated for, this would result in higher costs of capital. The rating agency ICRA estimates that approximately a third of India's newly-commissioned 54.8 GW clean energy capacity is being evacuated via temporary transmission by May 2026.
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Minister: Indonesia denies involvement in the transshipment and trans-shipment of goods as claimed by a recent U.S. government report
Airlangga hartarto, Indonesia's senior economic minister, denied the recent U.S. claim that it was involved in a 'transshipment' of a goods. Here are some details: * Airlangga was referring to the report published by Washington which stated that the U.S. is losing between $19 and $26 billion annually in 'tariff revenue' due to 'goods, mostly originating from China, being transshipped via third countries including Indonesia to avoid U.S. Import duties. * "Indonesia, along with Brazil, Malaysia Thailand, Turkey and Vietnam, has been accused of being a part of a global?transshipment -network. "We deny that these allegations are true," said the minister. * He added that it is "not true" if transshipment from another country?is used for processing here.
Fuel costs are increasing, so airlines are reducing their prices and cutting back on their outlook.
The U.S. and Israeli war against Iran, which has pushed up jet fuel prices, has shook the aviation industry around the world. Airlines have been forced to increase fares and re-evaluate their financial forecasts.
In recent weeks, jet fuel prices have increased from $85-$90 per barrel up to $150-$200 per barrel. This is a major financial blow to an industry where fuel can account for as much as a quarter or more of its operating costs.
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 first quarter results.
AIRASIA X
Malaysian Airlines executives announced that the company has cut 10% of its flights in the group and imposed a fuel surcharge of around 20%.
AIR CANADA
The Canadian largest airline plans to reduce four of its daily flights to New York due to rising fuel prices. The four flights will be cut from June 1, 2026 to October 25, 2020.
AIR FRANCE-KLM
The airline group announced that it would increase the price of long-haul tickets to offset rising fuel costs. Cabin fares will rise by 58 euros (50 euros) for a round trip.
KLM, the Dutch subsidiary of the group, announced on April 16 that it would cancel 160 flights across Europe in the next month due to increasing fuel prices.
AIR INDIA
The Indian airline said that it will change its fuel surcharge system from a flat surcharge for domestic flights to one based on distance. The Indian carrier said that surcharges for international routes do not compensate the steep rise in fuel costs.
AIR NEW ZEALAND
On April 7, the airline announced that it would cut flights in May and June, and raise fares. It was one of the first airlines to announce a large increase in ticket prices after the conflict erupted. The airline also suspended its earnings forecast for the full year due to volatility in the fuel markets.
AKASA AIR
Akasa Airlines, based in India, announced that it would be introducing fuel surcharges ranging from 199 to 1,300 Indian Rupees ($2 - $14) for domestic and international flights.
ALASKA AIR
The sharp increase in jet fuel prices has put pressure on the carrier's margins.
AMERICAN AIRLINES
The U.S. carrier announced that it would increase the fees for checked baggage by $10 for each of the first two bags, and $150 for the third bag on short-haul domestic flights and international flights. The airline also reduced certain benefits for economy passengers.
ASIANA AIRLINES
Newsis reported that the South Korean airline would cut 22 flights from April to July because of fuel price increases.
CATHAY PACIFIC
Two sources who are directly involved in the matter have confirmed that the Hong Kong airline group aims to raise HK$2billion ($255m) via a fixed rate Hong Kong dollar bond with a single or double tranche, they said.
CEBU AIR
The Philippines-based carrier said that the sharp increase in fuel prices is a "key concern" and will continue to review pricing and network strategies for mitigation.
CHINA EASTERN EXPRESS AIRLINES
Air China said that it would increase fuel surcharges on domestic flights starting April 5. Flights of less than 800km will be charged a surcharge of 60 yuan, and flights above 800km will be charged a surcharge 120 yuan.
DELTA AIR LINES
Delta announced that it would reduce capacity by 3.5 percent from its original plan, and increase?fees on checked bags to offset the rising costs of jet fuel. The increase will be $10 for first and second bags, and $50 for third bags.
The U.S. carrier pulled all planned growth in capacity for the current quarter, and forecast profits below Wall Street expectations.
EASYJET
EasyJet has warned that it will suffer a larger half-year loss before tax of between 540 and 560 millions pounds ($731 and $758) in March, including an extra 25 million pounds of fuel costs.
FRONTIER AÉRIENS
Fuel prices have increased dramatically since the airline's last forecast.
GREATER BAY Airlines
The Hong Kong-based firm said that it will increase fuel surcharges for most routes on April 1, but keep them the same on routes to mainland China and Japan.
HONG KONG Airlines
The airline announced that it would increase fuel surcharges up to 35% starting March 12. The biggest increases would be on flights between Hong Kong, Bangladesh, and Nepal where the charges would go from HK$284 to HK$384 (US$49).
British Airways' owner IAG stated in March that it does not intend to increase ticket price immediately as it has hedged a large amount of fuel for the short to medium term.
INDIGO
India's largest airline announced that it will introduce fuel charges for domestic and international flights starting March 14. The charge for flights into the Middle East is 900 rupees and for flights into Europe, 2,300 rupees.
JETBLUE AERWAYS
Joanna Geraghtz is the CEO of a low-cost airline based in the United States. She told her employees, via a memo, that she would not be considering bankruptcy this year despite the fact that rising jet fuel prices threaten the carrier's financial recovery. According to an SEC filing, the company has entered into a debt financing agreement worth $500 million.
KOREAN AIR
Sources with knowledge on the subject say that South Korean carriers will be forced to enter emergency mode in April due to rising fuel prices.
LUFTHANSA
The airline group announced that it would ground 27 aircraft servicing its CityLine short-haul subsidiary earlier than expected, citing high jet fuel costs and industrial action. Lufthansa also plans to withdraw four Airbus A340 600 long-haul planes at the end the summer, and will reduce its short- and medium-haul fleet by five aircraft during winter 2026/2027.
PAKISTAN INTERNATIONAL FLIGHTS
Fuel surcharges are cited as the reason for raising domestic flight prices by $20, and international flights by up to $100.
QANTAS AIRWAYS
Qantas, an Australian airline, said that it has?delayed its planned A$150-million ($106-million) buyback. It also increased the estimated fuel bill in 2026 for the second half to A$3.1-A$3.3 billion from A$2.5 billion.
Scandinavian Airlines announced that it would cancel 1,00 flights in April due to high jet fuel and oil prices. In March, the airline had cancelled "a couple hundred" flights.
SPIRIT AIRLINES
Air Current reported that people familiar with the situation said the U.S. low cost carrier requested hundreds of millions in emergency funding from the Trump administration to offset the rising fuel prices and prevent a potential liquidation.
SPRING AIRLINES
Budget Chinese airline announced that it would increase fuel surcharges for domestic flights starting April 5. Details will be revealed later.
SOUTHWEST SOUTHWEST SOUTHWEST SOUTHWEST SOUTHWEST SOUTHWEST SOUTHWAST AIRLINES
The American carrier announced that it would increase the fees for checked bags by $10 each for the first two bags. This will bring the cost to $45 and $55 respectively for the first bag.
The Portuguese airline claimed that its price increases would partially offset the impact of fuel prices changes on its revenues.
THAI AIRWAYS
The airline based in Thailand said that it would increase fares between 10% and 15% due to rising fuel prices.
TURKISH AIRLINES LUFTHANSA
SunExpress is a joint venture of Turkish Airlines and Lufthansa. It announced that it would be imposing a temporary fuel charge of 10 euros per person on routes between Turkey, Europe and the Middle East, starting May 1. The fuel surcharge will be applied to all bookings made after April 1, for departures after May 1.
Turkish Airlines announced on April 10, that it would not be distributing any dividends from its net profit for 2025, instead choosing to keep earnings and preserve cash.
T'WAY AIR
As part of measures taken to combat the effects of war, the South Korean low-cost airline said that it would furlough cabin crew in May and/or June without pay.
UNITED AIRLINES
Scott Kirby, CEO of the U.S. carrier, said that the airline will?cut unprofitable flights in the next two quarters to prepare for oil prices remaining above $100 until 2027.
In an emailed statement, the airline said that it would also increase first and second checked baggage fees by $10 to customers traveling in North America, Mexico, Canada, and Latin America.
VIETJET
A potential fuel shortage has led to the Vietnamese budget airline reducing flight frequencies on certain routes.
VIETNAM Airlines
Vietnam's aviation authority announced that the carrier will?cancel 23 flights per week on domestic routes starting in April after it?requested assistance from the government to remove an environment tax on jet fuel.
VIRGIN ATLANTIC
Corneel K. Koster, CEO of the Financial Times, said that even though fuel surcharges will be added to airline fares this year, it is unlikely to achieve profitability.
VIRGIN AUSTRALIA
Virgin Australia has said that it expects an increase of jet fuel costs of between A$30 and A$40 million in the second half of the fiscal year. It also anticipates a 1% decrease in capacity for the fourth quarter.
VOLOTEA
The Spanish low cost airline has introduced a new pricing strategy that links ticket prices with fuel costs. This could add an additional surcharge after purchase of up to 16.50 euros per passenger per flight.
WESTJET
Globe and Mail reports that the Canadian airline has reduced seat capacity in June due to rising costs. Canadian Press reported that the carrier would add a C$60 fuel surcharge ($43) to certain bookings, and combine flights due to rising costs.
(source: Reuters)