soar

The global air travel crisis has spread further as Lufthansa and KLM became the latest airlines to announce flights axed to and from major destinations, including London Heathrow

Hundreds of flights have been cancelled by two major airlines amid warnings Europe has just a “few weeks” of jet fuel left.

Germany’s flag carrier airline Lufthansa is suspending its CityLine services from tomorrow, including flights to and from London, in response to rocketing kerosene costs and an ongoing trade union dispute. Netherlands’ KLM meanwhile confirmed it had cancelled 160 flights over the next month, as the industry grapples with an ‘unprecedented’ oil shock triggered by the closure of the Strait of Hormuz.

It comes after the head of the world ’s energy watchdog has warned that Europe only has six weeks’ supply of jet fuel because of the Middle East conflict.

READ MORE: TUI update for passengers worried about risk of ‘fuel shortages’READ MORE: Jet2 issues Spain warning over four popular destinations

Fatih Birol, executive director of the International Energy Agency (IEA), warned there could be flight cancellations “soon” if oil supplies remain restricted by the war, with Iran and the US jostling for control for the vital Strait of Hormuz waterway.

Mr Birol said the conflict is causing “the largest energy crisis” the world has “ever faced”, with Asian nations such as Japan, India and China that rely on energy from the Middle East currently on “the front line”. But he warned that the impact would then “come to Europe and the Americas”, likely as soon as late May. Tourists are encouraged to continue to check before they travel.

Lufthansa’s CityLine services, which fly to a number of destinations across Europe including London, Paris, Frankfurt, Florence, Kraków, Stockholm and Copenhagen, will be cancelled from Saturday. Multiple daily services from Heathrow have already been pulled from the schedule.

A statement from Lufthansa last night said: “In view of significantly increased kerosene prices, which have more than doubled compared to the period before the Iran war, as well as rising additional burdens from labour disputes, the implementation of the corporate strategy is being partially accelerated.

“As a first, immediately effective step, starting the day after tomorrow, the 27 operational aircraft of Lufthansa Cityline will be permanently removed from the schedule to reduce further losses at the loss-making airline.”

Ongoing strikes by pilots and cabin crew belonging to German trade unions have already grounded approximately 90% of all Lufthansa Group flights on the worst days this week, with cancellations reported at Heathrow, Manchester, Birmingham, Edinburgh, Newcastle, and Glasgow.

KLM announced “a number of adjustments to its flight schedule for the coming month” on routes which are “no longer financially viable to operate”. The Dutch airline said this was due “rising kerosene costs”, adding: “There is no kerosene shortage.”

Meanwhile, schedule data published by AeroRoutes this week showed that Norse Airlines has cancelled bookings for its planned Los Angeles flights this summer from London Gatwick, Paris Charles de Gaulle, and Rome Fiumicino.

Jet prices have more than doubled since the beginning of the Iran war on February 28, causing the largest wave of cancellations at many major international airports since the Covid pandemic.

The box office hit a power-up this weekend, as “The Super Mario Galaxy Movie” continued a healthy streak for family films in theaters.

The animated sequel from Universal Pictures, Nintendo and Illumination raced to $190 million in the U.S. and Canada in its five-day holiday weekend debut, placing it solidly in first place, according to studio estimates and Comscore data. That total was in line with expectations of a $186-million domestic opening.

Globally, the film earned $372.5 million, the largest opening so far in 2026.

The first film based on the video game franchise, “The Super Mario Bros. Movie,” made $146.4 million in its 2023 debut.

“The Super Mario Galaxy Movie,” which had a production budget of $110 million, continues the story of iconic Nintendo characters Mario, Luigi and Princess Peach as they journey to rescue Princess Rosalina.

Amazon MGM’s “Project Hail Mary” came in second at the box office with a domestic total of $30.7 million – pushing its total to $217 million. A24’s “The Drama ($14.4 million), Disney’s “Hoppers” ($5.8 million) and Universal’s “Reminders of Him ($2.2 million) rounded out the top five.

The success of “Mario” this weekend is another example of the power of family films at the box office.

Animated movies like Sony Pictures Animation’s “Goat” and Walt Disney Co. and Pixar’s “Hoppers” have performed well in theaters this year, along with the strong holdover performance of Disney’s 2025 hit “Zootopia 2,” which has now made more than $1.87 billion worldwide.

That’s all contributed to a stronger first quarter in the theatrical business, as this year’s revenue was up more than 20% compared with the same period in 2025. March was especially strong, with the massive haul from “Project Hail Mary.”

Published on 30/03/2026 – 7:07 GMT+2•Updated
8:29

European markets are set to open lower on Monday, with futures pointing to declines across major indices as investor sentiment remains cautious amid rising oil prices and geopolitical tensions in the Middle East.

ADVERTISEMENT

ADVERTISEMENT

As of early morning trading, Germany’s DAX was down around 0.5%, the FTSE 100 fell roughly 0.3%, and France’s CAC 40 was also in negative territory, according to IG data.

The weaker outlook follows losses in Asia, where shares mostly dipped overnight as concerns persisted around soaring oil prices and the potential for further escalation in the US war with Iran.

The declines follow steep losses on Wall Street on Friday, marking a fifth consecutive losing week — the longest such streak in nearly four years.

“US equity markets remained under sustained pressure, with the S&P 500 falling 2.1% for the week and the Nasdaq 100 sliding 3.2%. The Dow Jones held up comparatively better, declining 0.9%, owing to its lower technology weighting. Both the Nasdaq 100 and the Dow Jones have now officially entered correction territory after recording drawdowns of more than 10% below their respective peaks,” IG market analyst Fabien Yip said in a commentary note.

Asia-Pacific markets lower overnight

Japan’s benchmark Nikkei 225 fell 4.5% in early trading, Australia’s S&P/ASX 200 dropped 1.2%, and South Korea’s Kospi slid 3.2%. Hong Kong’s Hang Seng declined 1.7%, while the Shanghai Composite edged 0.7% lower.

Investor worries have been particularly acute due to the risk of disrupted access to the Strait of Hormuz, a critical route for global oil shipments.

Benchmark Brent crude rose above $116 a barrel in early trading, marking an increase of more than 50% since the Iran conflict began on 28 February. Prices were just over $70 a barrel when the war started. US benchmark crude was also up, at around $101 a barrel, reflecting continued volatility in global energy markets.

The surge comes as US President Donald Trump raised the possibility of American forces seizing Iran’s Kharg Island, the country’s main oil terminal in the Persian Gulf. He made the comment in an interview published early Monday by the Financial Times.

“Maybe we take Kharg Island, maybe we don’t. We have a lot of options,” Trump told the newspaper. “It would also mean we had to be there (on Kharg Island) for a while.”

Asked about Iranian defences there, he said: “I don’t think they have any defence. We could take it very easily.”

The US has already launched airstrikes it said targeted military positions on the island. Iran has threatened to launch its own ground invasion of Gulf Arab countries and new attacks if US troops land on its territory.

Meanwhile, G7 finance ministers, energy ministers and central bank governors are set to hold an emergency meeting today to discuss the conflict and its consequences. It will mark the fourth time since the start of the war in Iran the G7 has convened at a ministerial level.