China’s three largest airlines lose US$1.2 billion as fuel costs surge
Air China, China Eastern and China Southern reversed first-quarter profits as higher jet fuel prices and weak domestic conditions weighed on results
Airbus
TAP first-half loss widens to €99 million as fuel costs erase traffic gains
Portuguese carrier carried more passengers and improved load factor, but a 52% jump in second-quarter fuel costs hit earnings as its partial privatization moves forward
Abra Group revenue rises 18% but fuel costs weigh on second-quarter results
Latin American airline group carried 17.6 million passengers as GOL and Avianca expanded capacity, while adjusted EBITDAR fell 62%
WestJet to retire 737-700s earlier due to high fuel costs
Canadian carrier plans to replace its oldest narrowbody jets with newer 737 MAX aircraft while preparing for the arrival of the larger MAX 10
Icelandair to retire Boeing 757 fleet earlier as fuel costs reshape network
Carrier accelerates transition to newer aircraft as high fuel prices affect planning