A rapid surge in jet fuel prices is weighing on the financial outlook of major US airlines, highlighting the industry's vulnerability to rising operating costs even as passenger demand remains strong.

American Airlines has become one of the clearest examples of the pressure. Earlier this month, the carrier was preparing to raise its 2026 earnings forecast, but reversed course less than two weeks later after its projected fuel bill for the remainder of the year increased by nearly $1.6 billion.

The airline said fuel prices can rise much faster than airlines are able to increase fares, since higher ticket prices only apply to future bookings and typically take weeks or months to influence revenue.

Although strong travel demand and disciplined capacity growth have enabled carriers to raise fares, the additional revenue has only partly offset soaring fuel costs.

Jet fuel spot prices climbed almost 30% between July 2 and July 22 as the ceasefire between the United States and Iran began to weaken, adding fresh uncertainty to the aviation industry's financial outlook.

American Airlines Chief Financial Officer Devon May told Reuters that the industry is likely to face weaker profit margins if fuel prices remain elevated.

"If we had guided on the same day as Delta, we'd have been guiding up for the year," May said.

Earlier in July, American expected full-year pretax earnings to approach $1.5 billion, roughly four times its 2025 result. However, the airline has since revised its guidance to a range stretching from a loss to a profit, with break-even at the midpoint.

The revised outlook came despite American reporting record quarterly revenue and forecasting stronger unit revenue growth during the second half of the year. The airline warned that persistently high fuel prices could slow debt reduction efforts, limit investment and increase pressure to reduce less-profitable routes.

Other major US airlines have responded differently depending on when they issued their forecasts.

Delta Air Lines maintained its full-year earnings outlook, while United Airlines raised the lower end of its guidance. Southwest Airlines lowered the bottom end of its forecast, and Alaska Air declined to reinstate full-year guidance.

The differences largely reflect the fuel price assumptions used by each airline. Delta based its outlook on fuel prices from July 2, while American used prices from July 21. During that period, jet fuel spot prices rose by 78 cents to $3.59 per gallon, rapidly changing the industry's cost outlook.

American said higher fares offset nearly half of its $2.2 billion year-on-year increase in second-quarter fuel expenses. Delta recovered about 60% of its additional fuel costs, while United recovered roughly half. Alaska reported recovering only a small portion of its increased fuel bill, while Southwest did not disclose a comparable figure.

May said American's projected fuel costs for the rest of the year increased by about $550 million in just one week. According to the airline, every one-cent increase in its average fuel price adds around $46 million to annual operating costs, meaning a 10-cent increase would raise expenses by approximately $460 million.

United Airlines also cited the rapid rise in fuel prices when updating investors. Chief Executive Scott Kirby said the company had expected year-on-year earnings growth before fuel costs surged in the days leading up to its earnings announcement.

United estimated that higher fuel prices since July 1 would add about $575 million to its third-quarter fuel bill and said it has revised its guidance policy to reflect the latest available fuel prices.

Alaska Air said booking demand for September and October remains strong but acknowledged that profitability remains highly sensitive to fluctuations in fuel costs.

American said it will continue seeking to recover as much of the higher fuel expense as possible through fare increases, although the proportion it can pass on to customers will depend on future fuel price movements.

Source: Reuters

Saudi Entertainment Ventures (SEVEN), a wholly owned subsidiary of Qiddiya Investment Company (QIC), has announced the opening of SEVEN Tabuk, expanding its entertainment network and supporting the Kingdom’s quality-of-life and regional development goals under Saudi Vision 2030.

SEVEN Chairman Abdullah Al Dawood said the opening represents another step in the company’s strategy to develop accessible entertainment destinations that are closely connected to the communities they serve.

SEVEN Tabuk is the company’s second entertainment destination, following SEVEN Abha, as SEVEN continues its plans to establish destinations across Saudi Arabia.

Located within Tabuk city, the fully indoor, all-weather destination is designed for everyday entertainment, offering residents and visitors a wide range of activities without requiring long-distance travel.

The destination operates from 4:00 p.m. to 1:00 a.m. on weekends and from 4:00 p.m. to midnight on weekdays, while Scene Cinemas operates daily from 4:00 p.m. until 3:30 a.m.

SEVEN Tabuk combines international attractions with locally developed concepts. Key offerings include Discovery Adventures, featuring immersive exploration-themed environments, and Hot Wheels E-Karting, an interactive karting experience inspired by the global brand.

The destination also features SEVEN’s homegrown concepts, including Kawaken, Kawaken Junior, GolFi, Cyber Bowling and Scene Cinemas, providing entertainment options for families, young people and a broad range of visitors.

Beyond entertainment, SEVEN Tabuk is expected to contribute to the city’s wider development by supporting local employment and strengthening partnerships with local businesses.

The opening further reinforces Tabuk’s position as an emerging leisure destination in northern Saudi Arabia while expanding access to entertainment experiences across the Kingdom.

Source: SPA

Green spaces and public parks across Makkah are playing an important role in improving the city’s urban environment and creating more comfortable spaces for residents, visitors and pilgrims.

The city has 290 public parks, many of which feature landscaped green areas, safe pedestrian walkways, sports facilities, courtyards, shaded seating areas, service amenities and playgrounds.

These spaces help provide shade, reduce heat absorption from urban surfaces and offer areas for movement, recreation and rest.

The development and maintenance of parks are particularly important in Makkah, which welcomes millions of pilgrims, Umrah performers and visitors throughout the year.

Expanding landscaping, shaded areas and open pedestrian spaces forms part of broader efforts to improve the pilgrim experience by creating a more comfortable and accessible urban environment.

The parks also complement Makkah’s wider network of services and facilities, supporting the city’s efforts to enhance quality of life while accommodating the needs of its residents and millions of visitors.

Source: SPA

Irqah Village, one of the oldest settlements in Riyadh Region, is showcasing more than 1,000 years of history through its traditional architecture, heritage sites and cultural experiences.

Once a thriving agricultural center, the village developed around mud-brick homes, historic mosques, farms and water sources, creating a distinctive architectural and social identity.

At the heart of the historic village, Bayt Isa recreates aspects of traditional Najdi life through its majlis, cafés, heritage pathways, courtyards and rooftops. The heritage house offers visitors an immersive experience reflecting the architectural style and social traditions of the Najdi environment.

Handicrafts further enrich the experience, with workshops helping revive traditional skills passed down through generations. Local outlets also provide artisans with opportunities to display and sell their work, linking cultural heritage with its social and economic roots.

Since opening, Irqah Village has welcomed more than 15,000 visitors, supported over 50 cottage-industry families and hosted filming by more than 20 production companies.

The village has also generated more than three million digital views and interactions, highlighting its growing popularity and the potential of its heritage spaces for tourism, culture and creative activities.

Source: SPA