Lufthansa strikes enter a sixth day as Spirit Airlines faces potential liquidation from record jet fuel prices. Air France-KLM extends flight suspensions through May 3, while Qatar Airways removes 12,000 flights following A380 groundings.
Jet fuel prices remain double their pre-war levels. IATA warns of European cancellations by end of May regardless. The carriers that survive the rest of 2026 intact are already visible — and so are the ones that may not.
American Airlines said Friday it is not interested in a merger with United and has held no discussions. The statement goes further, calling the combination anti-competitive and invoking Trump's own antitrust philosophy to close the door.
Iran declared the Strait of Hormuz completely open today. Heating oil futures fell 13 per cent within minutes. The mines are still in the water, the US blockade of Iranian ports remains in force, and Europe's jet fuel stocks will not recover for weeks regardless.
Norse Atlantic entered 2026 with its first credible profit forecast. Eleven weeks later, it was asking shareholders for $110 million. The fuel crisis has found its most exposed victim.