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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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Smart Strategies for a Budget-Friendly Summer Vacation

 

Here are some expert tips to help you save money on your upcoming summer getaway:

  1. Be Flexible on Location and Timing:

    • Research different destinations to get an idea of costs. Sometimes, what seems expensive might not be.
    • Consider flying mid-week (between Tuesday and Thursday) for cheaper flights.
    • Keep an eye on hotel and car rental prices; they can fluctuate.

  2. Leverage Credit Card Loyalty Programs:

    • Use credit card points for flights, hotels, cruises, and car rentals.
    • Air Canada’s Aeroplan rewards program offers benefits beyond flights.

  3. Create a Budget:

    • Set a daily spending limit for food, drinks, and other expenses.
    • Carry a debit or credit card for emergencies.

Remember, thoughtful planning can help you enjoy your vacation without breaking the bank! 

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