Aviation Finance Shock: IATA says the Iran conflict could cut global airline profits in 2026 nearly in half, with jet fuel costs projected to jump to $350B and net margins sliding to about 2%. Middle East Disruption: The US and Iran traded fresh strikes again, while Iran claimed it closed the Strait of Hormuz—an escalation that threatens shipping and raises oil prices. Airline Capacity Stress: Emirates’ president said the carrier has scrapped profit targets and is aiming to break even if the war drags on, while restoring most pre-conflict services. Airport Operations Under Strain: Philippines aviation authorities extended a NOTAM shutting General Santos Airport to commercial flights, allowing only government, military and humanitarian flights after a major earthquake damaged airport infrastructure. New Infrastructure Push: Ho Chi Minh City moved toward construction of four urban rail lines, including a link from Tan Son Nhat Airport, targeting completion by 2030. Urban Transit Funding: India’s Union Cabinet approved Ahmedabad Metro Phase 2(A), including an airport corridor, as PM Modi touted congestion relief and jobs. Aviation Safety/Readiness: Sydney’s new airport fire station unveiled advanced aircraft firefighting gear designed to respond within minutes of an incident. Aviation Security/Geopolitics: G7 summit security is being tightened around Evian and Geneva, with heavy police and transport-route protections. Defense Aviation Milestone: India’s first “Made in India” Airbus C295 completed its maiden test flight from Vadodara, advancing deliveries for the Indian Air Force. Air Cargo Pressure: Zimbabwe’s exporters are losing air-cargo business as they rely on costly belly cargo via Johannesburg instead of building a dedicated Harare cargo product.