The Financial Post reports in its Saturday, May 2, edition that Air Canada posted record first quarter operating revenues of $5.8-billion, an 11.3-per-cent increase from last year. The Post's Denise Pagliniwan writes that due to ongoing jet fuel price volatility, however, Air Canada suspended its full-year 2026 financial guidance. Chief executive officer Michael Rousseau said, "Q1 brought several challenges: unusually cold winter, various ice storms, disruption with certain sun destinations, the evolving conditions in the Middle East." Air Canada said that due to disruptions in global energy markets from the Iran war and high jet fuel price volatility, fuel forecasts for the second half of 2026 are less reliable. Mr. Rousseau said the situation in the Middle East and the sharp increase in global jet fuel prices have created a significant external shock for the airline industry, testing demand resilience across commercial aviation. "This is not unique to Air Canada," he said. However, the CEO said that despite fuel driven fare increases, the carrier continues to see strong demand across the network and throughout the booking curve, and is performing well "as evidenced by two consecutive record quarters."