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FlightGlobal • Edward Russell

Alaska Air Group prices $1bn senior notes to offset Iran-war jet-fuel spike; expects ~$600m hit to Q2 costs

Alaska Air Group said elevated global jet-fuel prices will add about $600 million to its second-quarter expenses. To manage the spike, it will borrow up to $1 billion via private offerings of senior notes, split into two transactions, with net proceeds for general corporate purposes and notes fully guaranteed.

2026-05-08T14:20:40.237394-07:00

FlightGlobal

IAG Q1 2026: €301m net profit, but higher kerosene forces fuel-spend jump and cuts capacity growth

2026-05-08T07:30:59.320213-07:00

politico.eu

Drone strike shuts down Russia’s southern ATC center; 13 airports suspend operations, flights cancelled or delayed

2026-05-08T08:45:02.872307-07:00

The War Zone

US F/A-18 Super Hornet bombs Iranian tankers via smoke stacks during blockade operations

2026-05-08T09:52:26.521858-07:00

News Timeline

FlightGlobal

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Alaska Air Group prices $1bn senior notes to offset Iran-war jet-fuel spike; expects ~$600m hit to Q2 costs Alaska Air Group said elevated global jet-fuel prices will add about $600 million to its second-quarter expenses. To manage the spike, it will borrow up to $1 billion via private offerings of senior notes, split into two transactions, with net proceeds for general corporate purposes and notes fully guaranteed.

2026-05-08T14:20:40.237394-07:00

Alaska Air Group prices $1bn senior notes to offset Iran-war jet-fuel spike; expects ~$600m hit to Q2 costs

Breaking Defense

Turkish Air Force contracts first batch of indigenous TAI KAAN Block 10 jets Turkish Aerospace CEO Mehmet Demiroglu says Turkey’s air force has contracted its first batch of KAAN aircraft—initially 20 Block 10 jets—described as the program’s first order with follow-on quantities expected to grow over time. The statement underscores the KAAN’s transition from development into contracted production phases.

2026-05-08T13:05:03.898284-07:00

Turkish Air Force contracts first batch of indigenous TAI KAAN Block 10 jets

The War Zone

US F/A-18 Super Hornet bombs Iranian tankers via smoke stacks during blockade operations A U.S. F/A-18 Super Hornet reportedly dropped munitions down the smoke stacks of Iranian tankers operating under a blockade, as tensions escalated in the UAE/Iran context. The strike follows closely on the heels of reported U.S.-Iran exchanges of blows.

2026-05-08T09:52:26.521858-07:00

US F/A-18 Super Hornet bombs Iranian tankers via smoke stacks during blockade operations

politico.eu

Drone strike shuts down Russia’s southern ATC center; 13 airports suspend operations, flights cancelled or delayed Russia says a Ukrainian drone hit the air traffic control center in Rostov-on-Don, prompting transport authorities to halt flights at 13 airports in southern Russia. The disruptions extended to hundreds of flights, with widespread cancellations and delays reported on Friday morning.

2026-05-08T08:45:02.872307-07:00

Drone strike shuts down Russia’s southern ATC center; 13 airports suspend operations, flights cancelled or delayed

FlightGlobal

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IAG Q1 2026: €301m net profit, but higher kerosene forces fuel-spend jump and cuts capacity growth International Airlines Group (IAG) reported €301 million Q1 2026 net profit on 1.9% higher revenue to €7.2 billion, ending the quarter with €10.1 billion in cash. The group trimmed planned capacity growth and redeployed aircraft away from the Middle East as Iran-war disruption coincided with a sharp rise in kerosene prices, lifting expected fuel spend by an additional €2 billion this year. British Airways is also weighing fare increases to offset a €31.7 billion fuel cost hit.

2026-05-08T07:30:59.320213-07:00

IAG Q1 2026: €301m net profit, but higher kerosene forces fuel-spend jump and cuts capacity growth

AeroTime

Emirates rewards 130,000 employees with 20-week salary bonus after record $6.6B pre-tax profit Emirates Group will pay a 20-week salary bonus to 130,000 employees following record $6.6 billion pre-tax profit, positioning employee profit-sharing as a key part of the airline’s earnings playbook. The pay-out is tied to strong results even as regional conflict disruptions affected operations.

2026-05-08T06:11:25.574458-07:00

Emirates rewards 130,000 employees with 20-week salary bonus after record $6.6B pre-tax profit

FlightGlobal

Baykar signs first Kizilelma export contract with Indonesia for 12 UCAVs (options up to 48) starting in 2028 Baykar has finalized its first export agreement for the jet-powered Kizilelma unmanned combat aircraft with Indonesia’s Republikorp, covering deliveries of 12 UCAVs beginning in 2028 and options for 36 additional airframes (48 total). The deal follows Baykar’s Kizilelma export bid and its public display of the full-scale model at SAHA 2026.

2026-05-08T01:51:35.055091-07:00

Baykar signs first Kizilelma export contract with Indonesia for 12 UCAVs (options up to 48) starting in 2028

FlightGlobal

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Singapore Airlines to launch Madrid service via Barcelona from Oct 2026, expanding European frequencies Singapore Airlines will add a new Singapore–Madrid route departing from late-October 2026, with the itinerary routed via Barcelona. It is also increasing services to Manchester, London Gatwick and Milan, while expanding to Munich as part of a broader Europe network build-out.

2026-05-07T23:50:13.239237-07:00

Singapore Airlines to launch Madrid service via Barcelona from Oct 2026, expanding European frequencies

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Geopolitical Developments & Conflict Impact News

Alaska Air Group prices $1bn senior notes to offset Iran-war jet-fuel spike; expects ~$600m hit to Q2 costs

IAG Q1 2026: €301m net profit, but higher kerosene forces fuel-spend jump and cuts capacity growth

Drone strike shuts down Russia’s southern ATC center; 13 airports suspend operations, flights cancelled or delayed

US F/A-18 Super Hornet bombs Iranian tankers via smoke stacks during blockade operations

News Timeline