The Globe and Mail reports in its Friday edition that Air Canada has suspended its guidance for the year as jet fuel prices remain volatile owing to war in the Middle East and the outlook for those costs in the latter half of the year remained uncertain. A Canadian Press dispatch to The Globe quotes chief executive officer Michael Rousseau saying on the company's earnings call Thursday that rising jet fuel prices from U.S. and Israeli's war on Iran have created an external shock for the industry. "The pace of that increase is testing demand resilience across commercial aviation and reinforcing the need for discipline. This is not unique to Air Canada; it is an industry-wide challenge that affects how airlines think about capacity, pricing and risk," he said. "In this environment, our focus is on staying flexible, making deliberate decisions and managing the business to prioritize returns and protect cash flow and balance sheet strength." Air Canada did, however, offer an outlook for the second quarter, saying it now expects adjusted earnings before deductions for Q2 to come in between $575-million and $725-million. "We continue to see strong demand across the network and throughout the booking curve," Mr. Rousseau said.