face

TENS of thousands of flights face being cancelled this winter as fears continue to grow over the high cost of jet fuel.

Airlines have already been forced to scrap thousands of flights in recent months since the Iran war broke out.

However, experts have warned that unless costs go down, cancellations could now affect winter schedules.

Italy‘s ITA chief executive Joerg Eberhart said they could be forced to cut as may as a fifth of flights from October to April, he told the FT.

Turkish Airlines echoed this, saying they could be forced to make “frequency cuts of even stop destinations” after summer if it continues.

Others have warned that is puts added pressure on airlines to fill planes, which is often not the case during the quieter winter season.

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Most UK airlines have said that they don’t see any immediate threats to upcoming flights, as many have ‘hedged’ fuel costs, which is paying a set price for a period of time.

However, Ryanair has warned that budget airlines face the biggest struggle, due to the low margins.

The budget carrier’s boss Michael O’Leary previously warned: “If pricing stays higher for longer this summer, we think a number of our airline competitors in Europe are going to face real financial difficulties. I think there will be failures.”

Spirit Airlines has already been a victim of the ongoing fuel crisis, having gone into administration last month.

And while UK flights might not be cancelled, the cost of flights is expected to only go up.

International Airlines Group (IAG), which also owns Iberia and Aer Lingus, said it will likely pass on extra costs to cover the additional £1.72billion costs of its fuel this year.

And Virgin Atlantic has added a new fuel surcharge, ranging from £50 to £360.

Experts have said costs could continue to go up, due to the UK’s reliance on US jet fuel.

This is because US suppliers could divert their fuel inwards due to it being the busy American holiday season, particularly for “driving season” (when domestic holidays boom).

S&P Global’s research director for fuels Eleanor Budds told Telegraph: “Prices could rise again. The UK is replacing a good part of its imports. If the US can’t keep up those volumes, [the UK] is very exposed”.

Vegas Golden Knights defenseman Brayden McNabb was forced to leave Game 2 of the Stanley Cup Final on Thursday after taking a puck to his face on a slap shot midway through the first period.

The 14-year veteran, who played for the Kings from 2014-2017, did not return to the game. ESPN is reporting that McNabb was taken from Lenovo Center in Raleigh, N.C., to a hospital for evaluation.

Vegas coach John Tortorella did not have an update on McNabb’s status after his team’s 4-3 overtime loss to the Carolina Huricanes, and the Golden Knights had not provided one as of early Friday morning.

McNabb was defending in front of the net with 9:08 remaining in the first period when a blistering shot by Carolina winger Nikolaj Ehlers hit him in the facial area. Slow-motion replays show the puck may have struck the protective visor on McNabb’s helmet near his eyes.

After crumpling to the ice, McNabb immediately climbed to his feet, skated off the playing area and headed down the tunnel while holding a hand over his nose and mouth.

“It’s a scary play,” Vegas forward Brett Howden said after the game. ”You never want to see that. Just hope he’s doing all right. We haven’t seen him yet but hope he’s doing OK.”

Knights defenseman Noah Hanifin said: “Any time you see that happen to a teammate, especially to a guy like Nabber who is a huge part of this team, a leader, it’s tough. It’s hard to see that happen to any guy on the ice. We’re just hoping for the best for him.”

Born in Davidson, Canada, McNabb was selected by the Buffalo Sabres in the third round of the 2009 entry draft. He played in 37 games for the Sabres and was acquired by the Kings on March 5, 2014. Los Angeles also received Jonathan Parker and a pair of draft picks in exchange for Hudson Fasching and Nic Deslauriers.

McNabb had six goals and 36 assists in three seasons with the Kings before being selected by Vegas in the 2017 expansion draft. This is his third Stanley Cup Final with the Golden Knights, who won the championship in 2023.

In Vegas’ 5-4 Game 1 victory against Carolina on Tuesday, McNabb had three assists for the first time in his career. Ben Hutton and Kaedan Korczak are possible options to take McNabb’s spot if he can’t play in Saturday’s Game 3 in Las Vegas.

The Associated Press contributed to this report.

June 3 (Asia Today) — South Korea’s major commercial banks are facing growing pressure from a sharp rise in long-overdue loans, with the amount of loans unpaid for more than one year exceeding 1 trillion won, or about $716 million, in the first quarter.

Loans overdue for less than one year, which could later worsen into long-term delinquencies, also approached 6 trillion won, or about $3.84 billion. The increase suggests that borrower distress is deepening, especially among corporate borrowers, despite banks’ efforts to dispose of nonperforming loans.

The sequential expiration of COVID-19 loan maturity extensions also appears to be adding pressure on delinquent borrowers.

Banks, which have continued to post strong earnings, are concerned that rising long-term delinquencies could increase loan-loss provision burdens. The longer a loan remains overdue and the lower its chance of recovery becomes, the more banks must set aside in provisions.

If the Bank of Korea raises its base rate in the second half, borrowers’ repayment burdens could grow further, increasing the risk of additional long-term delinquencies. Analysts say asset quality management could become a key factor determining banks’ earnings performance.

According to financial industry data released Wednesday, the combined balance of loans overdue for at least one year at KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank and NH NongHyup Bank reached 1.0972 trillion won, or about $716 million, in the first quarter.

That was up 49.3% from 734.9 billion won, or about $480 million, a year earlier. Compared with 261 billion won, or about $170 million, in 2024, the figure has more than quadrupled. It was also more than double the 508 billion won, or about $332 million, recorded in 2022 during the COVID-19 pandemic.

The increase appeared across all five banks. By bank, NH NongHyup had the largest balance of long-term overdue loans at 474.8 billion won, or about $310 million, followed by KB Kookmin at 166.9 billion won, or about $109 million, Hana at 155.2 billion won, or about $101 million, Shinhan at 151.5 billion won, or about $99 million, and Woori at 148.8 billion won, or about $97 million.

Loans overdue for at least one month but less than one year totaled 5.8851 trillion won, or about $3.84 billion, approaching the 6 trillion won mark. The figure was slightly lower than 6.1002 trillion won, or about $3.98 billion, a year earlier, but remained high by historical standards.

By category, loans overdue for at least one month but less than three months rose from a year earlier to 2.8225 trillion won, or about $1.84 billion. Loans overdue for at least six months but less than one year, which are considered more likely to become long-term delinquencies, reached 1.1111 trillion won, or about $726 million. Both were record highs since the banks began disclosing the relevant data.

The surge in long-term delinquencies is widely attributed to a sharp increase in new overdue loans in 2024 and 2025. Higher interest rates and weak domestic demand weakened borrowers’ repayment capacity, with some distressed borrowers slipping into long-term delinquency.

The increase appears particularly concentrated among corporate borrowers, whose loans are relatively large and harder to recover. At the end of March, the banking sector’s corporate loan delinquency rate stood at 0.68%, up 0.06 percentage point from 0.62% a year earlier.

“Distress pressure has continued for a long period in sectors such as construction and real estate leasing because of the weak housing market,” an official at a commercial bank said.

A renewed period of rate increases could add to the problem. The Bank of Korea left open the possibility of at least one base rate increase in the second half during last month’s monetary policy meeting, raising concerns that banks could face greater asset quality pressure.

Higher base rates can push up market rates, including bank bond yields, increasing borrowers’ interest burdens. That could deepen distress among loans already in arrears and increase new delinquencies, potentially expanding the volume of long-term overdue loans later.

That would likely translate into higher loan-loss provisions for banks. Banks classify loans into five asset-quality categories: normal, precautionary, substandard, doubtful and estimated loss.

When a loan is classified as substandard, banks must set aside provisions equal to 20% of the loan amount. As the overdue period grows longer and repayment capacity worsens, the required provision ratio rises. Doubtful loans, which are overdue for more than three months and have low recovery prospects, require 50% provisioning. Loans classified as estimated losses after more than one year overdue require 100% provisioning.

That means if a doubtful loan deteriorates into an estimated loss, the provisioning burden doubles.

A rise in provision expenses would directly weigh on bank earnings. In 2022, the five major banks set aside 3.5422 trillion won, or about $2.31 billion, in annual loan-loss provisions, while their combined net profit rose 18.6% from a year earlier to 13.7472 trillion won, or about $8.98 billion.

But in 2023, when banks set aside more than 6 trillion won, or about $3.92 billion, in provisions because of real estate project financing distress and other factors, their net profit growth slowed to 2.6%.

Provision expenses fell sharply the following year, but as delinquencies continue to rise, the possibility of renewed growth in provisions has increased. Analysts say careful risk management has become more important.

“As the delinquency period lengthens, the sale price of nonperforming loans tends to fall, so if long-term delinquencies increase, banks disposing of bad loans will also face greater loss burdens,” a financial industry official said.

“The key will be whether banks can prevent new distress from expanding while effectively clearing existing bad loans,” the official said.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260604010001073

Snowboarding made its Winter Olympics debut in Nagano 1998 with halfpipe and giant slalom.

Riders competed against the clock before the head-to-head parallel giant slalom version on identical, side-by-side courses was introduced four years later in Salt Lake City.

Three-time Winter Olympian Alex Payer said: “PGS is one of the only formats where everything is truly equal – same course, same conditions, same start, same chance. That fairness is rare in sport.

“If you take it out of the Olympic programme, you take away one of the purest expressions of competition we have.”

Among the sports bidding to replace them in the programme for the Games, which are scheduled for 1-17 February 2030, are freeriding and ice climbing.

Freeriding allows skiers and snowboarders to choose their own off-piste course from top to bottom and also perform tricks as they descend.

They are judged on elements of their descent including the difficulty of the course, jumps and performance.

In ice climbing, competitors climb up a frozen waterfall or glaciers with a speed version favourite for inclusion.

There had been speculation that cyclo-cross would be also be aiming for inclusion but last month IOC president Kirsty Coventry said that “no summer sports and no seasonal crossover events” would be part of the programme.

Rebecca Bennett has won a high-stakes Democratic Party primary in the US state of New Jersey, setting up a contest against Republican Tom Kean Jr, backed by President Donald Trump, for one of the most competitive seats in the upcoming midterm elections.

Bennett, a former US Navy helicopter pilot, defeated three Democratic rivals in New Jersey’s 7th Congressional District, securing about 47.2 percent of the vote, according to projected results on Tuesday.

Her nearest competitor, Tina Shah, received 20.2 percent.

Kean and Bennett will now square off in November for a seat that has changed party hands twice within the past eight years and ranks as a key target for Democrats hoping to capture the House of Representatives.

Independent analysts rate the contest as a toss-up.

The race has attracted heightened attention because of Kean’s prolonged absence from Congress.

The Republican incumbent has missed more than 100 House votes since early March due to an undisclosed illness.

Despite his absence, Kean ran unopposed in the Republican primary with Trump’s backing.

Kean said on Tuesday that he remained focused on his recovery and expected to return to in-person work within weeks.

Hours before polls closed, Kean released a statement promising greater transparency about his health while suggesting his return to in-person work could take longer than previously anticipated.

On May 21, he said he expected to be back within “a couple of weeks”.

“Right now, I am focused on my recovery and, under the advice of healthcare professionals, I will transition from virtual to in-person work within a matter of weeks,” Kean had said.

Bennett targets cost of living, Kean’s absence

At an election night gathering in Somerville, New Jersey, Bennett sharply criticised Kean’s record and absence from Washington.

“You are failing us, and you do not deserve to represent us in Washington,” she told supporters, calling the congressman a “coward”.

Bennett built her campaign around her military service and economic issues, arguing that higher grocery and gasoline prices during the US-Israel war on Iran, combined with Trump’s tariffs, were squeezing working families.

Democrats have increasingly focused on the conflict’s economic impact, with higher energy costs contributing to inflation and broader cost-of-living pressures across the country.

The 7th Congressional District, which includes suburban communities, farm towns and Trump’s golf club in Bedminster, has emerged as one of New Jersey’s key battlegrounds.

The seat has changed hands repeatedly in recent election cycles, with Democrat Tom Malinowski defeating Republican Leonard Lance in 2018 before Kean unseated Malinowski in 2022.

Bennett’s victory over Tina Shah, Brian Varela and Michael Roth now sets up a high-stakes general election contest in a district both parties consider crucial to their House ambitions.

Kean, 57, is the scion of a storied New Jersey political family.

His father, Thomas Kean, served two terms as governor and later chaired the 9/11 Commission, a panel set up in 2002 to investigate the circumstances surrounding the September 11, 2001, attacks in the US. He is also a descendant of William Livingston, New Jersey’s first governor.

The Republican congressman will also enter the race with the backing of Trump, who reiterated his support on the eve of the primary, despite Kean’s prolonged absence from Washington.

“Tom Kean has my Complete and Total Endorsement for Re-Election,” Trump wrote on social media, adding: “HE WILL NEVER LET YOU DOWN!”

Voters in the district have ousted incumbents in recent midterm elections, making the race one of the most competitive House contests in New Jersey.

Elsewhere in New Jersey, Analilia Mejia won the Democratic nomination in the 11th Congressional District, while LaMonica McIver secured the Democratic nomination in the 10th Congressional District.

MISBEHAVING Brits could be slapped with a permanent flight ban under new Labour rules.

Labour Ministers are currently looking at establishing a blacklist to stop abusive behaviour towards cabin crew and disruption to travel.

This includes considering how information about drunk and abusive passengers could be shared between airlines.

Currently, if you misbehave on a flight you can be banned by the airline you are travelling with – but other airlines would not know this.

If the new rules were to go ahead, it would mean that public officials could keep information about passengers, including a history of any bad behaviour during flights.

In an airport setting, public officials would likely include police, border force officers and immigration officers.

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The official would then warn an airline if the passenger was trying to check in with them.

Then, the airline could decide whether or not they want the passenger travelling with them.

The new system would be compliant with data protection rules, so no new legislation would need to be created for the rules to be introduced.

Having said this, data protection rules don’t allow airlines to share information about travellers, hence the need for a public official.

It comes as the number of drunken and violent incidents on planes has risen in recent years.

Earlier this month, a drunk woman believed to be British lunged at another passenger, causing chaos on an easyJet flight.

A government source said: “Everyone should be able to enjoy a pint at the airport, but anti-social behaviour on flights is totally unacceptable.

“It threatens the safety of passengers and crew, and disrupts hard-earned holidays.

“There are already tough laws in place to deal with offences committed on flights, but we are exploring with industry how we can better address this issue, ensuring we crack down on people who persistently cause chaos.

“Everyone should be able to fly without fuss.”

Tim Alderslade, Chief Executive of industry body Airlines UK, said: “UK airlines have a zero-tolerance approach to disruptive behaviour.

“Additional measures for the most serious cases of disruption, including the creation of a national ban list, are an important next step in ensuring a tiny minority of passengers cannot disrupt air travel for the majority.

“We welcome the government’s support for further action and will work closely with ministers on delivering the right solutions.”

According to LBC, Phil Ward, Chief Operations Officer of Jet2, also said the airline would support new rules of sharing passenger information between airlines.

He said: “The creation of a national database will mean that, as well as being banned from flying with us, disruptive passengers can also be banned from flying with other UK airlines.”

In a recent YouGov survey of 5,000 adults, 37 per cent said they supported the proposal for new rules, with 38 per cent saying they somewhat supported it.

Only 11 per cent opposed.

Being drunk on a flight is a criminal offence and can lead to a fine of up to £5,000 and two years in prison.

A meeting will be held later this month where industry leaders will discuss the plans.

The Sun’s Head of Travel shares her thoughts

LISA Minot, The Sun’s Head of Travel, shares her thoughts:

Plans to blacklist drunk and abusive passengers on a nationwide database can’t come soon enough.

Onboard incidents have skyrocketed in recent years and a full ban on those found guilty across all airlines would be the kind of punishment that would have real consequences.

At the moment, while one airline can ban a passenger for life, data protection means other airlines are not alerted.

Having seen the chaos a drunken passenger can wreak myself on a flight from Cape Verde back to the UK anything that will show disruptive passengers there are real consequences is a good move.

Ryanair boss Michael O’Leary has repeatedly called for a ban on passengers drinking in departure lounges but why should the vast, innocent majority pay for the sins of a tiny minority?

This proposal is a much more sensible way of ensuring planes are not turned into battlegrounds without punishing the law-abiding passengers.

Officials are considering measures that would allow UK airlines to block disruptive passengers with a history of serious misconduct from travelling, amid a sharp rise in onboard incidents since the pandemic

Ministers are exploring proposals that could result in persistent troublemakers being banned from future flights amid growing alarm over disruptive behaviour on aircraft.

Officials are weighing up a system that would enable airlines to identify passengers with a track record of serious misconduct and potentially deny them the ability to travel. Under the plans, which are still at an early stage of consideration, details of blacklisted passengers could be shared throughout the aviation industry.

Should someone attempt to book a flight after being added to the list, the airline or tour operator could receive notification and be given the choice to block the reservation, effectively grounding that individual indefinitely.

Civil liberties campaigners have, however, raised alarm about the proposals, cautioning they could set a “dangerous precedent” through the sharing of personal data and limitations on access to transport, reports the Express.

Currently, airlines have the power to ban passengers who have displayed violent or abusive conduct while travelling with them. Yet existing restrictions only extend to the specific carrier involved in the incident, meaning offenders can frequently sidestep penalties by simply booking with a different airline.

The primary hurdle facing any new system is current data protection law, which prohibits carriers from exchanging passenger details with one another, even where criminal offences have taken place.

Who is calling for some passengers to be banned from all flights for life?

Calls for stricter measures have grown louder following a string of high-profile mid-air incidents that have gone viral online, reports the Daily Mail. These have included episodes where cabin crew faced death threats and violent clashes erupted between passengers in aircraft aisles.

Such incidents are among hundreds logged annually and have often led to expensive flight diversions that wreck holidays and travel arrangements.

There appears to be widespread public backing for harsher punishments, with recent polling indicating most Britons support restrictions on passengers who commit serious misconduct while airborne.

Ryanair boss Michael O’Leary has previously urged limits on airport alcohol sales, including curbs on early morning pints, in an effort to cut the number of disruptive passengers getting on planes.

Ministers aren’t attempting to stop travellers from having a drink before their flight. Rather, they’re hoping any future system would promote better conduct while helping to safeguard cabin crew, families and fellow passengers.

It’s understood the proposals are being worked on by the Home Office and Department for Transport but remain in the early stages and require additional consultation with the aviation sector. Any system would need to tackle existing privacy regulations, which currently stop airlines from sharing passenger data.

Ministers are expected to sit down with industry bosses later this month to thrash out the details of the plans. A government source said: “Everyone should be able to enjoy a pint at the airport, but anti-social behaviour on flights is totally unacceptable.

“It threatens the safety of passengers and crew and disrupts hard-earned holidays.

“There are already tough laws in place to deal with offences committed on flights, but we are exploring with industry how we can better address this issue, ensuring we crack down on people who persistently cause chaos. Everyone should be able to fly without fuss.”

May 30 (UPI) — Dueling groups of protesters gathered at an Immigration and Customs Enforcement facility in New Jersey on Saturday morning over the agency’s treatment of people detained under the Trump administration’s immigration crackdown.

A group of detainees at the Delaney Hall facility have been on a hunger and labor strike since May 22 over inhumane conditions there.

Protests in support of the striking detainees have continued since last Friday, but after protestors and ICE officials got into scuffles in recent days protesters in support of the administration’s deportation efforts gathered at the facility as well, The Guardian and NBC News reported.

The protests were met with state police with riot shields blocking the entrance, as well as barricades that were set up to separate and protect protesters, who yelled at each other from the two protest zones.

New Jersey Gov. Mikkie Sherill moved to replace federal officers managing the situation with state law enforcement on Friday in order to establish the “protected speech zone.”

“This was absolutely necessary to protect public safety, and avoid escalation from ICE,” Sherill said Saturday.

“As Americans, we have a right to protest — and we will continue to ensure New Jersey residents can peacefully exercise their First Amendment rights,” she said.

The decision followed days of tension between federal officers and protesters who have decried the treatment of detainees, which since the hunger and labor strikes started has resulted in what the GEO group called “control measures to safely resolve the situation, including the limited use of chemical agents.

Mullin thanked Sherill for working with DHS to “restore law and order” in a statement on X.

“We support every Americans constitutional right to peacefully protest,” Mullin said. “No one has the right to RIOT and ASSAULT law enforcement. We hope to build on this partnership and work together to remove the worst of the worst from New Jersey communities.”

Proposed $250 bill would mark the first time a living person has appeared on US currency in more than a century.

US Secretary of the Treasury Scott Bessent says preparations are under way to print a new $250 banknote featuring President Donald Trump’s face, with lawmakers to decide whether the bills will be put into circulation.

US law bars any living person from appearing on US currency, but legislation was introduced last year to create an exception to allow current and former presidents to be featured.

Speaking at the White House on Thursday, Bessent said a design had been prepared in anticipation of a change in the law.

“Right now, there is proposed legislation – front of the House, in front of the Senate – to change the first requirement so that a living person, Donald J Trump, could be on a $250 bill,” Bessent said.

Bessent made his comments after The Washington Post reported that Treasurer Brandon Beach, a Trump appointee, has been pushing the Bureau of Engraving and Printing to expedite the process for a new currency note to mark the 250th anniversary of the Declaration of Independence.

“I don’t think that there’s anything untoward about having the president of the United States, the person who’s president of the United States, on the 250th anniversary bill,” Bessent told reporters.

A design mock-up obtained by The Washington Post showed the words “America 250 anniversary”, a nod to the US declaring its independence on July 4, 1776.

The Treasury Department did not immediately respond to Al Jazeera’s request for comment.

Behaviour of dictators, monarchs

A banknote featuring Trump’s face would be the latest example of the US president expanding his personal brand in his official capacity since returning to the White House in 2025.

Banners featuring Trump’s portrait have been hung on the Department of Justice and other federal buildings.

And his slate of appointees to the Kennedy Center governing board added his name to the national performing arts facility, which Congress originally designated as a memorial to assassinated President John F Kennedy.

Trump’s signature is also set to appear on US currency as part of plans to mark the 250th anniversary, a first for a sitting president.

US banknotes have until now featured the signatures of the Treasury secretary and the treasurer.

In March, the US Commission of Fine Arts, led by Trump appointee Rodney Mims Cook Jr, approved the minting of a commemorative gold coin bearing the Republican president’s image.

The announcement, which relied on a legal loophole for commemorative coins, prompted a backlash from critics, who likened the move to the behaviour of dictators and monarchs.