Air Canada cuts summer flights to New York's JFK airport as fuel costs soar
AP News • • business
Key Points:
- Air Canada will suspend flights to New York’s JFK Airport from Toronto and Montreal between June 1 and October 25 due to soaring jet fuel prices caused by the war in Iran.
- Flights to New York’s other airports, LaGuardia and Newark, will continue, with Air Canada operating 34 daily flights from six Canadian cities to these locations.
- The airline cited a doubling of jet fuel prices since the Iran conflict began, making some routes economically unviable and prompting schedule adjustments.
- Jet fuel prices surged to $4.32 per gallon, up from $2.50 before the conflict, though prices dropped more than 10% after Iran reopened the Strait of Hormuz for oil shipments.
- Rising fuel costs are impacting airlines globally, leading to increased fees and reduced services, as seen with carriers like Delta, JetBlue, Lufthansa, and KLM.
