Copa Holdings Sa-Class A

Norse Atlantic Airways has scrapped its entire summer schedule from Los Angeles to European hubs, blaming a sharp rise in jet fuel prices. The airline simultaneously announced a $110 million rights issue and secured a $70 million bridge loan.

Key Asian airports operated smoothly Monday, avoiding widespread shutdowns, though airlines continue to cut Gulf routes. Jet fuel shortages and longer flight paths are driving up operational expenses.

Copart shares fell 8% after CEO Jeff Liaw announced his departure, wiping out $2.4 billion in market cap, as the stock also faced Russell index changes.