How are the troubles in the Middle East affecting Canadian airlines?
Emirates is operating near emptry flights. Any major issues for Canadians? Fuel price could have disastrous economic consequences, any other airline specific threats out there?
Middle East conflicts affecting Canada?
Moderators: North Shore, sky's the limit, sepia, Sulako
Middle East conflicts affecting Canada?
As an AvCanada discussion grows longer:
-the probability of 'entitlement' being mentioned, approaches 1
-one will be accused of using bad airmanship
-the probability of 'entitlement' being mentioned, approaches 1
-one will be accused of using bad airmanship
Re: Middle East conflicts affecting Canada?
You have already stated the obvious, increased fuel prices. That will get passed down to the consumer level. Keep in mind that these increased fuel prices will have an impact on all consumer goods. You may see reduced travel demand as costs soar. A long and protracted war will have a disastrous effect on the global economy. Your worse case scenario is world global economic depression. Markets will tank, mass layoffs and bankruptcies.
The so called "genious" at the Oval Office who has bankrupted 6 businesses in the past, including an effing CASINO will get to go down as the guy who managed to bankrupt the world economy.
How the Iran War will cause a global economic crisis:
https://www.youtube.com/watch?v=xPhV5bc8d6Q
The so called "genious" at the Oval Office who has bankrupted 6 businesses in the past, including an effing CASINO will get to go down as the guy who managed to bankrupt the world economy.
How the Iran War will cause a global economic crisis:
https://www.youtube.com/watch?v=xPhV5bc8d6Q
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Eric Janson
- Rank (9)
- Posts: 1432
- Joined: Thu Feb 08, 2007 10:44 am
Re: Middle East conflicts affecting Canada?
Let's not forget that more areas of the World are increasingly "no fly" zones.
Even in 'safe' airspace GPS jamming and spoofing are serious issues. I've had multiple first hand experiences.
Jeppesen FD Pro shows these regions in red and blue - a real eye opener.
This may require long re-routes and make some routes uneconomical.
Insurance may not cover certain routes or areas.
Increased fuel prices will increase ticket prices making it too expensive for people to fly.
Huge Economic shock incoming imho. Not clear how things will play out.
Going to get really bad imho.
Even in 'safe' airspace GPS jamming and spoofing are serious issues. I've had multiple first hand experiences.
Jeppesen FD Pro shows these regions in red and blue - a real eye opener.
This may require long re-routes and make some routes uneconomical.
Insurance may not cover certain routes or areas.
Increased fuel prices will increase ticket prices making it too expensive for people to fly.
Huge Economic shock incoming imho. Not clear how things will play out.
Going to get really bad imho.
Always fly a stable approach - it's the only stability you'll find in this business
Re: Middle East conflicts affecting Canada?
Just in the last 48 hours, in retaliation for Israel bombing the South Fars gas field in Iran, LNG installations in Qatar and the UAE, and oil refineries in Qatar, Bahrain, UAE, KSA, Kuwait and Israel have been hit. Estimates range from 2 to 5 years to get all those critical pieces of infrastructure back up and running.
This happened after Iran made a statement of "don't hit our energy facilities, we won't hit yours". But Israel couldn't take the possibility of the war ending without complete destruction of Iran and it coming to a peaceful conclusion.
Estimates are of ~1 month's worth of bombs and offensive missiles in all NATO countries and allies, 2 weeks of defensive missiles in GCC and Israel, and over 6 months left of offensive missiles and drones in Iran.
Every day this extends, costs USD $1B in military costs alone. Iran is getting pummeled, but so are Tel-Aviv and all US bases in the gulf. 2 US aircraft carriers damaged, rumours of a few sunk US Navy ships. One amphib assault ship dispatched, and now this morning another 3 are being deployed from US mainland. All to grab an oil terminal island by Kuwait - not even to open Hormuz. Oil is trading over $150/barrel in Asia, $112 in US, and rising.
$200 barrel by the end of the summer is now a near certainty. B U C K L E U P
This happened after Iran made a statement of "don't hit our energy facilities, we won't hit yours". But Israel couldn't take the possibility of the war ending without complete destruction of Iran and it coming to a peaceful conclusion.
Estimates are of ~1 month's worth of bombs and offensive missiles in all NATO countries and allies, 2 weeks of defensive missiles in GCC and Israel, and over 6 months left of offensive missiles and drones in Iran.
Every day this extends, costs USD $1B in military costs alone. Iran is getting pummeled, but so are Tel-Aviv and all US bases in the gulf. 2 US aircraft carriers damaged, rumours of a few sunk US Navy ships. One amphib assault ship dispatched, and now this morning another 3 are being deployed from US mainland. All to grab an oil terminal island by Kuwait - not even to open Hormuz. Oil is trading over $150/barrel in Asia, $112 in US, and rising.
$200 barrel by the end of the summer is now a near certainty. B U C K L E U P
Re: Middle East conflicts affecting Canada?
If only Canada had more LNG export terminals ready and the shit was being pulled out of the ground with haste. We could take huge advantage of this right now, but the weak leadership for the last 10 years on this topic says otherwise.
