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Airlines Slash Flights as Jet Fuel Costs Surge, Squeezing Travellers and Markets

  Airlines Slash Flights as Jet Fuel Costs Surge Canadian travellers are facing fewer flight options and higher fares as jet fuel prices spike to multi‑year highs , forcing Air Canada and Air Transat to cut capacity across key routes. The surge in fuel costs is tied directly to the ongoing Iran conflict , which has disrupted global oil flows and pushed energy markets into another period of volatility. Air Transat is reducing service to Europe and the Caribbean, while Air Canada is suspending several regional and international routes it now considers unprofitable. For consumers, this means higher ticket prices, more crowded flights, and fewer choices heading into the summer travel season . Impact on the Economy and Inflation Airlines passing fuel costs to passengers adds fresh pressure to Canada’s already‑stubborn inflation outlook. Travel inflation — which had been easing — is now expected to rise again, complicating the Bank of Canada’s path toward rate cuts. Higher travel costs a...
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Claudia Sheinbaum Makes History as Mexico’s First Female President

 



In a historic landslide victory, Claudia Sheinbaum has been elected as Mexico’s first female president. The official electoral authority reported preliminary results showing that the 61-year-old former mayor of Mexico City secured between 58% and 60% of the vote in Sunday’s election. This remarkable win gives her an impressive lead of nearly 30 percentage points over her main rival, businesswoman Xóchitl Gálvez.

A Trailblazing Career

Before her presidency, Sheinbaum held influential positions, including being the mayor of Mexico City. Her tenure as mayor was pivotal, paving the way for her presidential bid. Born to Jewish maternal grandparents who fled the Nazis in Bulgaria and with paternal roots in Lithuania, Sheinbaum’s diverse heritage reflects Mexico’s rich cultural tapestry.

Sheinbaum’s academic background is equally impressive. She studied physics and earned a doctorate in energy engineering. Her expertise in climate change and energy consumption patterns led to her appointment as secretary of the environment for Mexico City during Andrés Manuel López Obrador’s mayoral term. In 2018, she became the first female mayor of Mexico City, serving until 2023 when she stepped down to run for president.

Promising Continuity

In her victory speech, Sheinbaum assured voters: “I won’t fail you.” She pledges to build upon the “advances” made by outgoing President López Obrador, her mentor. Her supporters celebrated at the Zócalo, Mexico City’s main square, waving banners that read “Claudia Sheinbaum, president.”

A Sea Change for Women in Mexico

The election marked a significant moment for women in Mexico. Both front-runners were women, and Edelmira Montiel, 87, expressed her gratitude: “Before, we couldn’t even vote, and when you could, it was to vote for the person your husband told you to vote for. Thank God that has changed, and I get to live it.” Women gained the right to vote in national elections only in 1953, making Sheinbaum’s victory even more meaningful.

Despite the celebration, the campaign was marred by violent attacks. Nevertheless, Sheinbaum’s win shatters the political glass ceiling, ushering in a new era for Mexico and inspiring generations of women to come.

Claudia Sheinbaum’s presidency promises progress, continuity, and a historic moment for gender equality in Mexico. As she steps into her role, the nation watches with anticipation, hopeful for positive change under her leadership.

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