The Canadian federal government has unveiled a loan program for airlines facing financial strain due to skyrocketing jet fuel prices, exacerbated by the ongoing Iran war. Finance Minister François-Philippe Champagne announced that each airline can borrow up to $150 million to help stabilize operations and ensure affordable travel. The conflict has disrupted oil supply, leading to a projected $3 billion drop in profits for major North American carriers this year. Airlines like Air Canada and WestJet have already begun cutting routes and increasing fares to cope with the rising costs. Air Canada, for instance, has reduced its adjusted earnings forecast by $200 million and cut several routes. The program is designed to maintain connectivity, protect jobs, and alleviate pressure on travelers, with conditions requiring airlines to commit to 'buy Canadian' practices, limit executive pay, and preserve jobs. This initiative follows previous government support during the COVID-19 pandemic, highlighting the ongoing challenges faced by the airline industry.