Snapshots That Wow!

No wind beneath these wings!

Airlines have cut 2 million seats and 12,000 flights worldwide from their May schedules over the last 2 weeks, reducing the total available seats to 130 million. This comes as jet fuel costs have DOUBLED since the Iran war began, forcing carriers to cancel unprofitable routes, switch to smaller aircraft, and raise ticket prices.

Turkish Airlines and Air China account for the largest seat reductions, cutting ~520,000 and ~490,000 seats, respectively.

Lufthansa leads in flight cancellations, at ~4,000 flights in May alone.

Source: Financial Times

When right becomes left

“18 of 36 states and union territories in India now provide cash transfers. (Source: Crisil)

The election freebie contagion in India has raised long-term concerns over fiscal sustainability but may also provide a cushion in these times of crisis.”

Source: Bloomberg

Every vote has a price tag

Votes come with a price tag globally as well. Post President Trump’s election, allocation has shifted from the blue states (Democrats) to the red states (Republicans).

Source: Stephen Moore

London bridge is falling down

First it was London real estate Then the love affair for Dubai real estate.

Most Indians who bought properties outside India over last 10 years have not made any money.

Source: Ritesh Jain

We are spinning the FTA web!

Source: GHCL Textiles

Gas is on fire!

“Executives across retail, restaurants and packaged goods are increasingly worried about US shoppers with tighter budgets amid surging gas prices caused by the conflict in the Middle East.

“They’re literally running out of money at the end of the month,” Kraft Heinz Co. Chief Executive Officer Steve Cahillane said in an interview this week. “We’re seeing negative cash flows in the lower-income brackets where they’re dipping into savings.”

Source: Bloomberg