Air Canada is suspending daily flights from Toronto and Montreal to New York’s John F. Kennedy International Airport over the summer. The decision comes as the airline and the broader aviation industry struggle with falling supplies and soaring jet fuel costs.
Fuel prices have doubled since the start of the conflict between the US, Israel, and Iran. Although Iran announced on Friday that the strait of Hormuz had reopened, helping to ease oil prices, aviation fuel costs remain significantly elevated following weeks of disruption and a fragile ceasefire in April.
Starting in June, Air Canada will trim its daily flights to New York from 38 to 34. The airline stated that some lower profitability routes and flights are no longer economic. This move aligns with a wider trend among North American carriers to cut capacity on less profitable routes as fuel costs climb.