Vulture investor, indeed

Aviation

From the Dept. of Vultures: Lufthansa’s CEO expects the war to undermine Gulf carriers’ dominance on Asian routes, saying “new risks” in the Gulf will weaken Emirates’ case for more landing slots at German airports. He also suggested the war could divert air traffic away from the region long-term.

MEANWHILE-

• Kuwait’s Jazeera Airways is launching daily Istanbul flights via Saudi’s Qaisumah Airport starting Wednesday — making it the only carrier currently using the alternative route to bypass disrupted corridors
• British Airways has extended schedule reductions for Dubai, Amman, and Bahrain through 31 May and Doha through end of April
• Qatar Airways will operate limited flights to and from Doha from today through 28 March.

Logistics

Aramex is expanding its healthcare logistics footprint with a new 5.6k sqm hub in Dubai South Freezone with climate-controlled storage across the temperature spectrum.

Cancelled…

The Qatar Football Festival, including the Spain-Argentina Finalissima, has beencanceled. It’s the latest in a string of regional sports cancellations, including Grand Prix races originally scheduled for April in Qatar, Bahrain, and Saudi Arabia.

Earnings

Majid Al Futtaim posted a 41% jump in net income to AED 3.6 bn on revenue of AED 35.9 bn in 2025, per its earnings release. Strip out valuation gains and underlying net income rose even faster, up 48% to AED 2.3 bn. Real estate development did the heavy lifting, with revenue up 33% to AED 5.8 bn, while e-commerce rose 20% to AED 3.2 bn, and malls held firm with >98% occupancy