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11.04.26 - 03:45
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Airfares In Israel Skyrocket As Travelers Take Advantage Of Ceasefire, But Foreign Airlines Stay Away (ZeroHedge)
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Airfares In Israel Skyrocket As Travelers Take Advantage Of Ceasefire, But Foreign Airlines Stay Away
The Iran ceasefire has finally allowed Ben Gurion international airport to fully reopen after 40 days of severe war disruptions, and after the 'new normal' for people across Israel was to routinely scramble to find missile shelters.
Foreign and international carriers had canceled flights to Israel since the US-Israeli attack started on Feb. 28 - and amid the de facto shutdown in commercial air traffic across the whole region. But Israeli media says that now two days into a full reopening and foreign airlines are not coming back for a while.
El Al airlines file image
Israeli airlines are hastily trying to restore their full regular schedules, amid an expected burst in travel demand during the spring and headed into the summer season.
But given rising fuel costs and expected high demand, amid the absence in seats provided by foreign airlines in 'normal times', airfares are skyrocketing, Isra...
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11.04.26 - 00:18
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How Shipping Insurance Really Works During a War | Odd Lots (Bloomberg)
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When the conflict with Iran started, some of the first headlines we saw had to do with shipping insurance. Marine insurers were said to be cancelling war risk coverage for vessels going through the Strait of Hormuz. Premiums were said to surge. Meanwhile, the Trump administration announced it would offer its own insurance for ships traversing the Gulf, in an effort to get things moving again. So why is insurance such a crucial part of maritime trade? And how does the system actually work? In this episode, we speak with Dorothea Ioannou, CEO of the American P&I Club, and Steven Ogullukian, the club's reinsurance director. We talk about the different roles of insurers, reinsurers, insurance clubs, and why ships need to have separate coverage for things like war, liability and hull loss.
(Source: Bloomberg)...
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