Fuel Crisis Slams Airlines, Summer Travel at Risk

0:00A global fuel crisis sparked by Iran's blockade of the Strait of Hormuz is slamming airlines hard, cutting off about a fifth of the world's oil, and doubling jet fuel prices overnight. Major carriers from Canada to Europe and beyond are slashing flights left and right to survive the squeeze. In Canada, air transact just announced a 6% cut to its schedule from May through October next year, while air Canada suspending six routes, including trans-border hops to New York and Salt Lake City, plus some domestic and Mexico links. WestJet is tweaking capacity this spring, and jacking up checked back fees by $5-10 to offset costs. Travelers are filling the pinch as airlines blame unprofitable routes for the pullbacks, with executive saying demand stays strong, but margins don't. Europe's airport group warns the continent could face jet fuel shortages in weeks, risking massive disruptions and economic hits. Internationally, Lufthansa is axing 20,000 short haul flights to save fuel, delta trimmed

1:02a handful of U.S. routes and outfits like KLM. SAS and Air New Zealand are canceling hundreds more amid the chaos. Even low-cost players like Norse Atlantic ditched a key transatlantic line. As prices stay volatile and conflicts simmer, expect more tweaks to summer plans worldwide. Keep an eye on your itinerary folks, this turbulence ain't. I'm Corey with the story, and you've been listening to Calvary News today, AI Power Local News.