Business
BlackRock CEO Larry Fink warns $150 oil price could spark global recession
The head of the world’s largest asset manager has warned that a sustained surge in oil prices to $150 a barrel could push the global economy into a sharp recession, as geopolitical tensions continue to destabilise energy markets.
Larry Fink, chief executive of BlackRock, said the trajectory of the Middle East conflict, particularly the role of Iran, will determine whether the world faces a temporary disruption or a prolonged economic shock.
“If oil prices stay elevated and Iran remains a threat, that will have profound implications,” he said, warning that a scenario of sustained high prices could lead to “a probably stark and steep recession”.
Fink outlined two contrasting outcomes for global markets.
In a more optimistic scenario, a resolution to the conflict and a stabilisation of relations could see oil prices fall back below pre-war levels, easing inflationary pressures and supporting growth.
However, in the more pessimistic case, prolonged instability could drive oil prices above $100, and potentially towards $150, for several years. That would significantly increase costs for businesses and consumers, acting as a drag on economic activity worldwide.
Energy prices have already surged in recent weeks, with Brent crude climbing sharply amid disruptions to supply routes and heightened uncertainty over future production.
Fink emphasised that rising energy prices disproportionately affect lower-income households, describing them as a “very regressive tax”.
“Higher energy costs hit the poorest the hardest,” he said, noting that sustained increases would not only dampen consumer spending but also exacerbate inequality.
The warning comes as governments, including the UK, face growing pressure to shield households and businesses from rising costs, even as public finances remain stretched.
The BlackRock chief urged policymakers to adopt a pragmatic approach to energy policy, combining existing fossil fuel resources with accelerated investment in renewables.
“Use what you have, unquestionably, but also aggressively move towards alternative sources,” he said.
He argued that high oil prices could ultimately accelerate the global transition to cleaner energy, as countries seek to reduce dependence on volatile fossil fuel markets. Solar and wind power, in particular, could see rapid expansion if energy costs remain elevated.
However, he warned that progress has been uneven. While China is investing heavily in solar and nuclear capacity, Europe risks falling behind due to slow implementation and regulatory inertia.
Despite market volatility, Fink dismissed comparisons with the 2007–08 financial crisis, insisting that today’s financial system is far more resilient.
“I don’t see any similarities at all, zero,” he said, arguing that while some stress is emerging in areas such as private credit funds, it represents a small portion of the overall market.
Fink also addressed concerns about a potential bubble in artificial intelligence, rejecting the idea that investment in the sector is overinflated.
“I do not believe we have a bubble at all,” he said, although he acknowledged that some companies may fail as the technology evolves.
He argued that AI is part of a broader race for technological dominance, particularly between the US and China, and that continued investment is essential to remain competitive.
At the same time, he highlighted the transformative impact AI is likely to have on the labour market. While some traditional office roles may decline, he expects significant job creation in skilled trades.
“There will be enormous demand for electricians, welders and plumbers,” he said, suggesting that societies will need to rethink their approach to education and career pathways.
With BlackRock overseeing around $14 trillion in assets, Fink’s outlook carries significant weight among policymakers and investors.
His warning underscores the fragile state of the global economy, where energy markets, geopolitical tensions and technological change are converging to reshape growth prospects.
For now, the key variable remains oil. If prices continue to climb towards the $150 threshold, the risk of recession will rise sharply, forcing governments and central banks to navigate an increasingly complex and volatile economic environment.
Business
Greenroom inks global ocean mapping deal
A project to map the entire ocean floor by 2030, which is supported by Japan’s largest charitable organisation, has inked a deal with a Perth maritime autonomy software developer.
Business
United Airlines Warns Travelers of Potential 20% Fare Hike Due to High Oil Prices
Airfares could soon rise sharply as United Airlines warns that high oil prices may force ticket increases of up to 20%, putting pressure on travelers and the broader airline industry.
Speaking in a recent interview, CEO Scott Kirby said the company is preparing for fuel costs to stay high for a long time, especially as global tensions continue to push oil prices upward.
If that happens, airlines may have no choice but to pass those costs on to customers.
“That would require prices to be up 20%, to break even to cover that cost,” Kirby said, pointing to the growing financial strain from fuel expenses, NY Post reported.
Jet fuel is one of the biggest costs for airlines. When oil prices rise, it becomes much more expensive to operate flights. Kirby warned that if fares increase, fewer people may choose to travel.
“There will be less demand. There’ll be fewer people traveling as prices go up,” he said.
For now, travel demand remains strong. Kirby noted, “Demand is incredibly strong right now,” but added that the airline is planning ahead in case conditions change.
United Airlines CEO Scott Kirby said ticket prices may have to go up by 20% if jet fuel prices remain elevated for longer https://t.co/WPmNuUmZ0R
— Bloomberg (@business) March 24, 2026
United Airlines Cuts Flights as Fuel Costs Surge
United has already cut about 5% of its flight capacity, removing routes that are not making enough money to cover rising fuel costs.
“There’s just no point in flying flights that are gonna lose money,” Kirby explained, emphasizing that the airline is focusing on efficiency.
According to FoxBusiness, the company expects oil prices could remain above $100 per barrel through next year and may even climb as high as $175 in a worst-case scenario.
If that happens, Kirby described it as a “stress event” for the airline industry, though still not as severe as the impact seen during the COVID-19 pandemic.
Unlike some airlines, United does not rely heavily on fuel hedging. Kirby said the company’s size makes it difficult to hedge without affecting the market. Instead, United has built up its cash reserves to handle unexpected cost increases.
The airline estimates that current fuel prices could add about $11 billion in expenses. To offset that, ticket prices would need to rise significantly, which could change how people plan trips.
Experts say higher fares may push families to rethink vacations or choose closer destinations. While business travel may continue, everyday travelers could feel the biggest impact.
Originally published on vcpost.com
Business
Ken Griffey Jr leads Primo Brands’ national MLB hydration campaign
Check out what’s clicking on FoxBusiness.com.
With the 2026 MLB season getting started on Wednesday night, baseball’s first-ever “CEO of H2O” has been appointed by Primo Brands, and it happens to be one of the smoothest-swinging players of all time.
Primo Brands, a leading North American branded beverage company whose water brands serve as the official water of MLB for the third straight season, has appointed Ken Griffey Jr., the National Baseball Hall of Fame outfielder who belted 630 home runs throughout his storied career, as the “CEO of H2O” in its new national campaign.
The new campaign marks the first time all six of its regional spring water brands – Arrowhead Spring Water (West Coast), Poland Spring Water (Northeast), Ice Mountain Spring Water (Midwest), Deer Park Spring Water (Southeast, Mid-Atlantic), Ozarka Spring Water (Texas) and Zephyrhills Spring Water (Florida) – come together to celebrate America’s Pastime.
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Baseball Hall of Famer Ken Griffey Jr. pitches healthy hydration in a new campaign from Primo Brands, with the campaign marking the third consecutive year that Primo Brands’ water brands are the Official Water of Major League Baseball, and the first (Primo Brands / Fox News)
The premise of the campaign by Primo Brands is to elevate healthy hydration as millions of fans return to their respective ballparks to watch their favorite teams all season long. Whether in the stands, or watching at home, hydration is key, and Griffey is excited to lead the charge in his new role.
“I’m so excited for fans to see what I’m working on with Primo Brands,” Griffey said in an exclusive statement to FOX Business. “Healthy hydration is critical for the players on the field, the young people working to get better at the sport, and the fans in the stands. It’s an honor to be the first ever Baseball CEO of H2O. I’ll be working with Primo to tell that hydration story through all of their regional spring water brands all over the country.
“Today is the start, but there will be much more throughout the season – follow along with Primo to see how we’re promoting healthy hydration all season long.”
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| PRMB | PRIMO BRANDS | 18.51 | -0.28 | -1.49% |
Throughout the MLB season, Griffey will be engaging with fans across social platforms, sharing fun trivia for a chance to win monthly prizes, and of course, making a special red carpet appearance during MLB All-Star Week. This year’s festivities will take place in Philadelphia at Citizens Bank Park.
A 30-second national ad will also be shown, as Griffey puts together the ultimate spring water team through Primo Brands roster.

Hall of Famer Ken Griffey Jr. is introduced during the 2025 National Baseball Hall of Fame and Museum Induction Ceremony at Clark Sports Center on Sunday, July 27, 2025 in Cooperstown, New York. (Mary DeCicco/MLB Photos / Getty Images)
“Baseball is woven into communities across the country, just like our brands,” said Primo Brands chief marketing officer Kheri Tillman. “In our third year as the Official Water of MLB, and with Ken Griffey Jr. as Baseball’s CEO of H2O, we’re building on that foundation to unveil a national campaign that connects fandom and healthy hydration with the star power of one of the greatest in the game.”
Uzma Rawn Dowler, CMO and senior vice president of global corporate partnerships with MLB, added: “By uniting its regional spring water portfolio and tapping a baseball icon like Ken Griffey Jr., Primo Brands is showing it knows how to bring energy and authenticity to our partnership. We’re excited to continue telling the Primo Brands story through a baseball lens on our platforms while celebrating the role hydration plays in the game.”

Baseball’s first-ever CEO of H2O, Hall of Famer Ken Griffey Jr., pitches healthy hydration in a new campaign from Primo Brands. (Primo Brands / Fox News)
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As the New York Yankees and San Francisco Giants kick off the 2026 MLB season on Wednesday night in the Bay Area, Griffey and Primo Brands will be working together to celebrate healthy hydration for players and fans like it’s a walk-off home run.
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Business
BofA reiterates Neutral rating on Pinduoduo stock at $140

BofA reiterates Neutral rating on Pinduoduo stock at $140
Business
Mercedes-Benz: Luxury Isn't A Shield In This Environment
Mercedes-Benz: Luxury Isn't A Shield In This Environment
Business
Riding the GLP-1 wave

Consumer adoption expected to accelerate as access become easier.
Business
Wait Times Hit Four Hours Amid Government Shutdown
HOUSTON — Travelers at George Bush Intercontinental Airport faced grueling security lines Wednesday as the ongoing partial government shutdown continued to cripple TSA staffing, with wait times at the major Houston hub reaching as long as four hours or more during peak periods. Houston Airports officials warned passengers to prepare for extended delays, with checkpoints consolidated into just two terminals and expedited lanes largely unavailable.

As of midday Wednesday, official estimates on the airport’s website showed Terminal A South checkpoint waits at 240 minutes — four hours — while Terminal E registered 180 minutes, or three hours. Lines frequently snaked outside terminals and even into non-standard queuing areas, including underground train levels in some cases. By evening hours on recent days, some waits eased to under 30 minutes as passenger volumes dropped, but morning and midday rushes remained chaotic.
The disruptions stem from the federal government shutdown that began Feb. 14, now stretching into its sixth week. TSA officers nationwide continue working without pay, leading to high call-out rates. At IAH, absenteeism has hovered around 36% to 39%, among the highest for major U.S. airports, forcing consolidation of screening operations. Only Terminals A and E currently host active TSA checkpoints, with reduced lanes and no consistent TSA PreCheck or CLEAR services.
Houston Airports System Director of Aviation Jim Szczesniak noted in recent updates that staffing levels allow only a third to half of normal screening lines to operate across the airport’s five terminals. Federal Immigration and Customs Enforcement (ICE) agents have been deployed to assist at IAH and neighboring William P. Hobby Airport, helping direct crowds, distribute water and maintain order, though they do not perform screening duties.
George Bush Intercontinental, one of the nation’s busiest airports and a key hub for United Airlines, handles more than 45 million passengers annually. Its five terminals — A, B, C, D and E — serve a mix of domestic and international flights, with Terminal C primarily dedicated to United operations. During the current crisis, passengers checking bags in other terminals are directed to A or E for security, adding further complexity and time.
Airport officials have issued repeated alerts urging travelers to arrive significantly earlier than usual. Recommendations include contacting airlines immediately for potential rebooking waivers, downloading airline apps to monitor gates while in line, and limiting carry-on items to speed the process. Some airlines have offered flexible rebooking options for those missing flights due to security delays.
Third-party trackers showed varying averages. Historical hourly data indicated overnight waits around 15-27 minutes, rising to 30-37 minutes during typical daytime hours under normal conditions. However, current conditions have rendered many estimates unreliable, with manual updates from the airport providing the most accurate guidance. The official MyTSA app has lagged during the shutdown, prompting reliance on fly2houston.com for real-time postings.
Travelers shared stories of frustration on social media and local news. Lines in Terminal A have extended across multiple floors, with some passengers reporting waits exceeding five hours on busy mornings. Families with children, elderly travelers and those with connecting flights faced particular hardship. Houston Airports staff in bright orange polos circulated to offer directions and assistance, while nonprofit groups provided meals to working TSA officers and fuel support for their families.
The shutdown has affected TSA operations nationwide, with similar long lines reported at hubs like Atlanta and others. In Houston, call-out rates at Hobby Airport reached over 40%, though smaller scale helped keep waits somewhat shorter there. At IAH, the situation has prompted warnings of missed flights and calls for swift congressional action to resolve the funding impasse.
Experts note that TSA employs tens of thousands of screeners, and even moderate call-outs compound quickly during peak travel periods. The current crisis has highlighted vulnerabilities in the system, with reduced capacity forcing consolidation and longer processing times per passenger. Screening procedures remain unchanged, but fewer open lanes mean slower throughput.
Houston Airports has taken several steps to mitigate the impact. Non-TSA staff assist with bin management and passenger flow communication. Parking reservations are encouraged online to reduce ground congestion. The airport continues to monitor staffing in real time and adjust operations accordingly. International travelers, many routed through Terminal D or E, receive specific guidance to check bags before proceeding to active checkpoints.
For those with TSA PreCheck or Global Entry, services have been inconsistent or unavailable on many days, pushing all passengers into standard lanes. CLEAR biometric lanes have also been closed during peak disruption periods. Officials stress that safety remains the priority, with no compromises to screening protocols despite the strain.
Broader economic ripple effects include potential disruptions to business travel and tourism in the Houston region. The airport serves as a gateway to energy, medical and aerospace industries, amplifying the stakes of prolonged delays. Local elected officials and travel advocates have urged federal lawmakers to address TSA pay and staffing issues promptly.
As the shutdown drags on, Houston Airports continues updating its FAQ with practical advice: Use restrooms and purchase necessities before joining lines; ensure ID matches boarding passes exactly; and remain flexible with travel plans. The agency has coordinated with airlines to minimize cascading delays where possible.
Looking ahead, spring break and summer travel seasons could exacerbate pressures if the funding situation persists. TSA has historically ramped up hiring during peaks, but current constraints limit that flexibility. Passengers with disabilities or medical needs are encouraged to contact TSA Cares in advance for coordinated assistance.
Wednesday’s conditions reflected the fluid nature of the crisis. While some evening relief appeared on prior days, officials cautioned that waits could again exceed four hours depending on staffing and flight schedules. Travelers are advised to check fly2houston.com/iah/security/ frequently, as updates occur throughout the day.
In the meantime, the airport maintains full operations for flights, with delays primarily tied to security bottlenecks rather than runway or gate issues. United Airlines and other carriers have issued advisories recommending passengers build in substantial buffer time — three to four hours or more for domestic flights during peak disruptions.
The situation at George Bush Intercontinental Airport underscores the human element behind aviation security. TSA officers working without pay have shown dedication, but the strain is evident. Support efforts, including meals from the Houston Food Bank and assistance from Wings of Compassion, aim to sustain morale.
For now, patience and preparation remain the best tools for navigating IAH security. As negotiations in Washington continue, Houston travelers hope for swift resolution to restore normal staffing and shorter lines at one of the country’s busiest gateways.
Business
Why Regular Pest Inspections Are Essential for Homeowners: Insights from Mira Home
Most homeowners only think about pest control when they see something crawling across the kitchen floor or hear scratching behind a wall. By that point, the problem has often been developing for weeks or even months. Regular pest inspections flip that equation, catching issues before they become infestations and protecting both the structure and value of a home.
The logic is straightforward: pests are secretive by nature. Termites consume wood from the inside out. Rodents nest within wall cavities where they are invisible to residents. Cockroach populations can multiply exponentially in dark, undisturbed spaces long before a single insect appears in plain sight. A professional inspection is designed to find what homeowners cannot see on their own, and that early detection is where the real financial and health benefits begin.
A growing number of residential pest control providers have built their service models around this principle. Mira Home, which operates across Ohio, Georgia, and Florida, is among the companies that have adopted a prevention-first framework. This wellness-first approach to home care reflects a broader industry shift toward treating pest management as ongoing household maintenance rather than emergency response. Routine inspections form the foundation of that preventive model.
What a Professional Pest Inspection Actually Involves
A common misconception is that pest inspections are quick walk-throughs where a technician glances at baseboards and moves on. In reality, a thorough residential inspection is a systematic evaluation of the entire property, inside and out.
Inspectors typically begin with the exterior. Foundation walls are examined for cracks, gaps around utility penetrations, and signs of soil contact with wood, all of which create entry points for termites, ants, and rodents. Eaves, soffits, and rooflines are checked for wasp activity, bat entry, and bird nesting. Landscaping receives attention as well, since overgrown vegetation, standing water, and mulch piled against foundations are among the most common conditions that attract pests to a structure.
Inside, the inspection moves room by room. Kitchens and bathrooms receive the closest scrutiny due to moisture and food availability. Inspectors look for droppings, grease marks along walls, a telltale sign of rodent traffic, shed insect skins, and damage to food packaging. Basements, crawl spaces, and attics are examined for moisture intrusion, wood damage, and nesting activity.
This room-by-room methodology has become increasingly standard among higher-end providers. Mira Home, for instance, has structured its entire inspection protocol around systematic room-level assessment, paired with transparent reporting so homeowners receive clear explanations of what was found and what, if anything, needs to be addressed.
The tools used during professional inspections have also evolved significantly. Moisture metres identify damp conditions that attract termites and carpenter ants. Thermal imaging cameras can detect pest activity inside walls without any need for invasive probing. Borescopes allow visual inspection of wall cavities, plumbing chases, and other concealed spaces. These technologies enable inspectors to identify problems that would be completely invisible during a casual walkthrough.
What separates a quality inspection from a superficial one is documentation. Reputable providers produce detailed reports that note findings, risk areas, and recommendations. This documentation creates a baseline for future inspections and helps homeowners track whether conditions are improving or deteriorating over time.
The Financial and Health Case for Routine Inspections
The cost of a professional pest inspection typically ranges from minimal fees for basic evaluations to moderate charges for comprehensive assessments. It is worth noting that many providers now offer initial inspections at no cost, a practice that Mira Home and several other national operators have adopted as part of their service introduction. Compare that to the potential costs of an undetected problem.
Termite damage alone costs homeowners billions of dollars annually across the United States, and standard homeowners’ insurance policies do not cover termite-related repairs. A colony that goes undetected for even a year can compromise structural framing, subfloors, and support beams. The repair costs frequently run into thousands of dollars, sometimes tens of thousands for advanced infestations in load-bearing areas. Understanding how expert treatment protects your home from this kind of damage underscores why proactive inspections are so valuable.
Rodent infestations carry their own financial risks. Mice and rats gnaw on electrical wiring, which the National Fire Protection Association has identified as a contributing factor in residential fires. They contaminate insulation with urine and droppings, sometimes requiring complete replacement. And the diseases they carry, hantavirus, salmonella, leptospirosis, pose genuine health risks to household members, particularly children, elderly residents, and those with compromised immune systems.
Even pest categories that seem more nuisance than threat can create meaningful costs when left unchecked. Carpenter ants excavate wood for nesting, causing structural damage that mirrors termite activity. Cockroach infestations produce allergens that the Asthma and Allergy Foundation of America has linked to increased asthma symptoms, especially in children. Stored-product pests like Indian meal moths can contaminate entire pantries, resulting in hundreds of dollars of wasted food.
Regular inspections interrupt these scenarios at the earliest possible stage. The industry standard recommendation is a minimum of one comprehensive inspection per year, with quarterly inspections preferred for homes in high-risk areas, regions with warm, humid climates, older construction, or previous pest history. Homeowners in states like Ohio, Georgia, and Florida, where providers such as Mira Home report high demand for recurring services, fall squarely into categories where routine monitoring delivers the most value.
Timing also matters. Many homeowners schedule inspections reactively, after spotting a problem or during a real estate transaction. But seasonal timing can significantly enhance the value of an inspection. Spring inspections catch termite swarmers and overwintering pests that emerge with warmer temperatures. Late summer inspections identify rodent entry points before mice and rats begin seeking indoor shelter for autumn and winter. A strategically timed inspection does not just assess current conditions; it anticipates what is coming next based on regional pest calendars and seasonal patterns.
Beyond the direct financial savings, there is a quality-of-life dimension that is harder to quantify but no less real. Knowing that a home has been professionally evaluated and cleared provides a sense of security that affects daily comfort. It is the difference between hoping there are no problems and knowing there are none. Industry observers have noted that this emphasis on peace of mind is reshaping how pest control companies market themselves, with Mira Home among those positioning the home as a sanctuary rather than simply a structure to be treated.
For homeowners considering whether routine inspections are worth the investment, the calculus is simple: the cost of prevention is consistently and dramatically lower than the cost of remediation. Early detection protects both the financial investment a home represents and the health of the people living inside it.
Business
Jetstar Slashes Australia-New Zealand Flights 12% Amid Oil Price Shock
SYDNEY — Jetstar has temporarily cut more than 10% of its scheduled flights between Australia and New Zealand as soaring jet fuel prices triggered by the Middle East conflict bite into demand and raise operating costs for the Qantas-owned low-cost carrier.

A Jetstar New Zealand spokesperson confirmed Wednesday that approximately 12% of services — including popular routes such as Auckland-Sydney and Auckland-Brisbane — have been affected, along with some domestic New Zealand flights like Auckland-Christchurch and Auckland-Wellington. More than 55 flights are expected to be removed from the schedule in May alone, according to aviation analytics firm Cirium.
“We have made some temporary changes to our schedule, including due to a rise in jet fuel prices as a result of the conflict in the Middle East and other rising costs,” the spokesperson said. “All impacted passengers have been contacted directly and most have been offered same-day travel. We are sorry for the inconvenience and thank our customers for their understanding.”
The cuts come as Brent crude and jet fuel prices have surged following U.S. and Israeli strikes on Iran in late February, disrupting supplies through the Strait of Hormuz and pushing aviation fuel costs sharply higher. Jet fuel prices, which hovered around $85-$90 per barrel before the escalation, have climbed dramatically, forcing airlines across the region to reassess schedules and fares.
Jetstar’s move mirrors broader industry pain. Air New Zealand earlier announced cuts to about 1,100 flights — roughly 5% of its schedule — through early May, affecting around 44,000 passengers. Other carriers, including Qantas on its international routes, have raised fares in response to the volatility.
Trans-Tasman travel has long been one of Jetstar’s strongest routes, with the airline positioning itself as an affordable option for holidaymakers, families and business travelers between major Australian cities and New Zealand destinations like Auckland, Christchurch and Queenstown. The reductions are expected to run through at least early May, with potential for further adjustments if fuel prices remain elevated.
Industry analysts said the decision reflects a combination of higher input costs and softening demand as higher airfares deter some leisure travelers. Jetstar has not disclosed exact passenger numbers affected but emphasized that most rebookings were on the same day.
The timing adds pressure to Australia’s broader fuel crisis, where hundreds of service stations have run dry or limited grades amid panic buying and supply disruptions from Asian refineries. The government has released strategic reserves and relaxed diesel quality standards, but aviation fuel faces its own constraints.
Qantas Group, which owns Jetstar, has already hiked international fares and is monitoring domestic and low-cost operations closely. Chief executives across the sector have described the fuel spike as “unprecedented” in recent years, with some comparing it to historical shocks in the 1970s.
For passengers, the cuts mean potential disruptions to holiday plans, especially with Easter and autumn school breaks approaching in both countries. Jetstar urged travelers to check their bookings via the airline’s app or website and contact customer service if needed. Those on affected flights have generally been offered alternatives or refunds where rebooking is not possible.
New Zealand tourism operators expressed concern. The trans-Tasman corridor is a vital lifeline for the country’s visitor economy, with Australians making up a large share of short-haul visitors to destinations like Queenstown for skiing or Auckland for city breaks. Reduced capacity could dampen bookings at a time when the sector is still recovering from earlier pandemic effects and recent global uncertainty.
Australian travelers heading to New Zealand for rugby, concerts or family visits may face fewer options and potentially higher fares on remaining services. Competition on the route includes Air New Zealand and full-service Qantas flights, which may see some spillover demand.
Jetstar operates a fleet primarily of Airbus A320-family aircraft on these routes. While no safety issues were cited, the airline has faced separate challenges with aircraft availability in recent months, though the current cuts are explicitly tied to fuel economics.
The Qantas Group has not suspended its overall financial guidance but has flagged increased costs flowing through the low-cost subsidiary. Jetstar’s New Zealand operations have grown significantly in recent years as the carrier expanded domestic and trans-Tasman services to challenge Air New Zealand’s dominance.
Economists warned that sustained high fuel prices could ripple through the wider economy. Higher airfares and reduced connectivity may dampen tourism spending, while freight and logistics costs could rise for businesses reliant on quick trans-Tasman movement of goods and people.
The International Energy Agency has described the current global supply disruption as potentially severe if the Middle East conflict persists, with Asian refineries — key suppliers to both Australia and New Zealand — facing feedstock shortages.
For now, Jetstar described the schedule changes as temporary and said it would continue to monitor the situation. Passengers with upcoming travel are advised to allow extra time for any rebookings and to consider travel insurance that covers flight disruptions.
The development highlights the vulnerability of low-cost carriers, which typically operate on thin margins and have less flexibility to absorb sudden cost increases compared with full-service airlines. Jetstar’s business model relies on high load factors and efficient operations, making fuel a critical variable.
As the situation evolves, both Australian and New Zealand governments are monitoring aviation fuel supplies closely. No formal fuel emergency has been declared, but contingency planning is underway in case disruptions worsen.
Travelers affected by the cuts can visit Jetstar’s website or app for the latest information on their specific flights. The airline has pledged to minimize inconvenience by prioritizing same-day alternatives where possible.
With oil markets remaining volatile and no immediate resolution in sight for the Middle East tensions, further adjustments across the aviation sector cannot be ruled out. For Jetstar passengers planning trips across the Tasman, flexibility and early checks on bookings will be essential in the coming weeks.
Business
Honey production at all-time low

Demand for honey is trending higher, but honey production is at an all-time low.
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