Shafaqna English- Canada’s biggest airline reinstated its annual core profit forecast on Tuesday(11 Aug 2026), though at a lower level than its previously suspended guidance, as it believes that oil supply disruptions arising from the U.S.-Israeli war against Iran will keep jet fuel prices high.
In April, the airline had pulled its outlook after Iran cut off access to the Strait of Hormuz, a waterway that accounts for a fifth of global oil movements, resulting in a high level of uncertainty surrounding jet fuel prices and availability.
Source: Reuters