Air Canada Halts JFK Flights Due to Fuel Costs

0:00It's April 17th, welcome to Canada News Today, powered by AI, I'm Corey with the story. Air Canada just announced they're pulling out of New York City's John F. Kennedy airport for five full months this summer. That means no flights to or from JFK, from June 1st through October 23rd. They're asking one daily run for Montreal and three from Toronto, but other spots around New York stay open. The airlines, Vice President of Communications, blames skyrocketing fuel costs for wiping out these lower profit routes. They're tweaking the schedule to stay in the black amid all the pressure. Travelers heading to those Canadian cities now got to reroute through Newark or LaGuardia, which could mean longer trips and higher fares during peak season. This hits right as global airlines feel the squeeze from rising jet fuel prices. It all ties back to tensions in the Middle East, where the US Israel classed with Iran choked tanker traffic through the strait of Hormuz. That strait handles about a quarter of the world's oil, jacking up costs everywhere.

1:02Oil prices dipped 11% Friday morning after Iran said the strait is back open for business. Keep an eye on fuel trends. They could shift air Canada's plans or yours before summer raps.