Wizz Air Cuts Guidance as Iran Conflict Hits Flights, Jet Fuel
Source: Bloomberg Politics · Bias: Center
Summary
Wizz Air Holdings Plc cut its annual profit guidance as the ongoing conflict in the Middle East forces the budget carrier to suspend flights and absorb the cost of higher fuel prices.
Wizz Air Cuts Guidance as Iran Conflict Hits Flights, Jet Fuel
Center
Wizz Air Holdings Plc cut its annual profit guidance as the ongoing conflict in the Middle East forces the budget carrier to suspend flights and absorb the cost of higher fuel prices.
Despite efforts by U.S. negotiators, Iran says it wants to charge a toll for ships to pass through the Strait of Hormuz. It's yet another unresolved issue of the U.S.-Iran war.
European NATO allies have mostly replaced the assets that the US has cut from its rescue plans in case of a war in Europe, Deputy Supreme Allied Commander Europe Sir John Stringer said in an interview.
Major American corporations that benefited from tax cuts enacted last year by President Donald Trump and congressional Republicans are donating to the campaigns of GOP lawmakers who made the windfall possible.A report published Friday by Unrig Our Economy spotlights seven House Republicans who voted for the sprawling and unpopular GOP budget package, which extended tax breaks for corporations and wealthy Americans while inflicting unprecedented cuts on Medicaid and federal nutrition assistance—with disastrous consequences for millions of low-income families across the country.Rep. Mariannette Miller-Meeks (R-Iowa), one of the lawmakers featured in the new report, has received campaign donations from corporate PACs representing 3M, Amazon, Walmart, AT&T, and other companies that collectively received billions of dollars in tax breaks from the Republican law, which restored a provision allowing businesses to immediately write off new investments.Amazon saw its US income taxes fall by more than half last year due to the GOP law, even as the company’s profits grew. Unrig Our Economy noted that Amazon, whose PAC donated thousands to the Republicans spotlighted in the new report, has an effective federal tax rate of 1.37% following enactment of the budget law.Miller-Meeks, who has received at least $57,000 in donations from the PACs of companies that benefited from the 2025 law, issued a statement Thursday bragging about supporting “the largest tax cuts in American history,” not mentioning that the benefits will disproportionately flow to profitable corporations and the richest people in the country.“Thanks to the Republican tax law, corporations are receiving tax breaks, House Republicans are getting campaign cash, and working families are getting stuck with the bill,” the report states.Another Republican lawmaker featured in the report, Rob Bresnahan of Pennsylvania, received $2,500 in campaign donations from the PAC of FirstEnergy, which reaped $500 million in depreciation deductions thanks to the GOP tax law.“Bresnahan voted to give FirstEnergy hundreds of millions in tax breaks even after the company raised utility prices for his constituents,” Unrig Our Economy’s report observes.The report also points out that Bresnahan “owned stock in every single one” of the companies who contributed PAC money to his campaign following passage of the Republican budget package last summer.“This comes after Bresnahan has already faced scrutiny for dumping stock in Medicaid providers and selling off bonds in Pennsylvania hospitals before voting to slash Medicaid and put rural hospitals at risk,” the report notes.Leor Tal, Unrig Our Economy’s campaign director, said in a statement that “one year ago, House Republicans ripped away healthcare and food assistance from millions of Americans, so that corporations could get massive tax breaks.”“Now, many of those companies are dishing out PAC money to the Republicans listed in this report,” said Tal. “Republicans in Congress sold out many of their own constituents to help corporations get even richer. It’s time that House Republicans step up, do the right thing, and start fighting for working Americans—not giant corporations.”
Notorious CNN host Abby Phillip's efforts to defend communist New York City Mayor Zohran Mamdani's demand for air conditioning went sideways when one of her guests caught her in a huge hypocrisy.
The post Conservative Catches CNN Host Abby Phillip in a Glaring Hypocrisy as She Defends Communist NYC Mayor Zohran Mamdani’s Absurd Demand on Air Conditioning (Video) appeared first on The Gateway Pundit.
Iran’s Parliament Speaker Mohammad Bagher Qalibaf has warned of an Iranian response if the U.S. and Israel breach the interim peace deal, as Tehran prepares to bury its former supreme leader, Ayatollah Ali Khamenei. “We strongly demand full implementation of the agreements, and if the U.S. and the Zionist regime fail to fulfill their commitments, Iran…
Secretary of War Pete Hegseth reportedly pulled the plug on plans to reduce U.S. troop counts in Europe, The Wall Street Journal reported. Hegseth’s plans were cancelled […]
