Bloomberg
• Kate Duffy
Ryanair CEO Michael O’Leary forecasts the biggest annual rise in European air fares next year, saying the Middle East war is pushing oil prices higher and forcing airlines to pass increased fuel costs on to passengers.
Geopolitical Developments & Conflict Impact
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British Prime Minister Andy Burnham has asked the Royal Air Force to fly defensive missions to protect Saudi Arabia from Houthi attacks, according to British officials familiar with the matter. The report does not specify the missions’ scope, timing or whether the RAF has accepted the request.
Ryanair CEO Michael O’Leary forecasts the biggest annual rise in European air fares next year, saying the Middle East war is pushing oil prices higher and forcing airlines to pass increased fuel costs on to passengers.
A Russian military satellite maneuvered into close proximity with a U.S.-registered ICEYE radar-imaging satellite in an apparently nonconsensual rendezvous. The Russian spacecraft has since begun backing away, but the approach has raised concern among analysts who view it as part of a broader pattern of Russian activity in orbit.
Ukraine’s defense against Russian attacks relies heavily on US satellite capabilities for warning of incoming missiles and maintaining communications. Those links also help keep drones and frontline forces operating, making space-based services a key part of the country’s wartime defense infrastructure.
President Donald Trump indicated he may back away from threats to boycott Canadian aircraft maker Bombardier Inc., pointing to the company’s workforce in Kansas. The comments came during campaigning in the state ahead of November’s midterm election.
Malaysia has not committed financial assistance to AirAsia Group, Prime Minister Anwar Ibrahim said, as the airline faces losses after jet fuel prices rose sharply amid the Middle East conflict. The statement leaves the carrier without confirmed state support as it contends with higher fuel costs.
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