Air Canada Suspends NYC Flights Due to Soaring Fuel Prices

0:00On April 17, Air Canada is hitting polls on flights from Toronto and Montreal to New York's John F. Kennedy Airport because fuel prices are through. The roof. Starting June 1, they'll suspend three flights from Toronto and won from Montreal until October 25. The airline says this tweak only impacts about 1% of their total passenger capacity. This comes after the US and Israel's war with Iran's spiked jet fuel costs, which have basically doubled since late February. Even though Iran reopened the Strait of Hormuz last Friday and oil prices dipped a bit, aviation fuel is still way too high for some routes to make since. Effective passengers get options to switch to LaGuardia or Newark airports where Air Canada keeps running 34 flights a day from 6 Canadian cities. The airlines also halting Toronto to Salt Lake City service from June 30 until sometime in November 7 and delaying a new Mexico.

1:00Rout. Meanwhile, spirit airlines is begging the US government for hundreds of millions and emergency cash to cover their own fuel headaches. Across the board, carriers like Britain's EasyJet are posting huge expected losses while Australia's quances and virgin are jacking of ticket prices and cutting flights. With Europe sitting on just six weeks of jet fuel reserves according to the International Energy Agency, more cuts could be coming if Middle East. Supplies don't stabilize soon. Airlines worldwide are filling the squeeze, so keep an eye on your travel plans.