EasyJet, a British airline, said that its bookings were?lagging behind last year's figures. Lufthansa in Germany was the first major airline to ground aircraft due to high fuel prices as airlines accounted for the cost of the Iran War. Investors have warned easyJet that it may need to revise its outlook for the entire year, as uncertainty about jet fuel supplies, and the impact of war, could lead to other revisions. Wizz Air announced that its net profit would be cut by 50 million euros ($59 million). Air France-KLM will report its first quarter results on April 30 after adding...

Vietjet, Vietnam's budget airline, has signed a finance leasing?agreement with China's SPDB Financial Leasing for 10 COMAC C909 aircraft. To Lam made the announcement during his first overseas visit since becoming state president of Vietnam last week. The financial terms of the deal were not disclosed by the airline, but it will allow them to expand their operations based previously on two COMAC Jets in an agreement?with Chengdu Airlines. COMAC, based in Shanghai, aims to challenge Airbus and Boeing's?dominance? in the global aircraft market. However, it has relied on domestic airlines, and smaller operators, in Southeast Asia. These include those...

Lufthansa, a German airline, announced on Thursday that 27 aircraft from its subsidiary CityLine would be permanently withdrawn from service in the coming week due to rising jet fuel costs and industrial action-related costs. In a statement, the company explained that this move was part of a larger?package? of measures to deal with 'rising costs. Four 'older Airbus A340 600 long-haul aircraft are to be withdrawn at the end of summer from the core brand fleet. According to the group, the short- and medium-haul fleets will be reduced by 5 aircraft during the winter schedule of 2026/2027. Discover, its'more cost-efficient...

The U.S. and Israeli war against Iran, which has pushed up jet fuel prices, has shook the aviation industry around the world. Airlines have been forced to increase fares and re-evaluate their financial forecasts. In recent weeks, jet fuel prices have increased from $85-$90 per barrel up to $150-$200 per barrel. This is a major financial blow to an industry that relies on fuel for as much as a quarter of its operating costs. Here is an alphabetical list of the ways airlines are responding to this issue: AEGEAN AIRLINES The Greek airline anticipates that the suspension of Middle East...

A union leader revealed that Boeing was hiring between 100 and 140 factory workers per week, which is the fastest pace since 2024. This is to replace retirees, and to increase staffing in order to support?higher production levels and new models. Jon Holden, a Vice President specializing on training and apprenticeships for the International Association of Machinists and Aerospace Workers' (IAM), said in his first interview that Boeing's Pacific Northwest unionized factory workers now number over 34,000 and "are heading higher". Boeing's spokesperson stated in an email that they are seeing a lot of interest in hiring in Puget Sound...

The workers at Inpex’s Ichthys plant, which is one of Australia’s largest, are voting on Friday for a new agreement that, if rejected, could result in a strike. Workers at the 9.3 million ton LNG plant voted for the closure of the plant, which is associated with its facilities. The Iran war has caused significant LNG volumes to be removed from the market. Another plant in Australia - the world's number one LNG exporter - also closed. The world's No. 2 LNG exporter is operating below capacity because of cyclone damage. Offshore Alliance members, a group of unions, expressed their...

Nigerian airlines will cease all flights on April 20 unless the crippling jet fuel price, which they accuse the country's "fuel marketers" of artificially increasing, is reduced. Airline Operators of Nigeria (an industry group consisting of around 12 mainly domestic carriers) complained to the Major Energies Marketers Association of Nigeria in a letter dated April 14 that jet fuel had increased by approximately 270% since February. The price of oil and fuel has risen since the start of the Iran War, because the conflict is preventing shipping through the Strait of Hormuz. In a letter to AON, the company called...

El 'Al Israel Airlines announced on Thursday that it would exercise its option to 'buy six additional 787-9 Dreamliner planes from Boeing. The airline cited a long-term strategy for increasing capacity and improving profitability. Israel's flag airline?also announced that it would expand?its agreement with Boeing, including an?option to buy up to six additional 787 aircraft. El Al currently has 17 787 aircraft in its fleet. The company expects to have 28 aircraft by the end of the decade, and up to 34 in the future. El Al signed an $1.25 billion contract with Boeing in 2016 for a 'first order'...

Investors weighed the growing optimism about a possible agreement to end the 'Iran war', backed by increasing U.S. sanctions on Tehran ahead of future talks. U.S. president Donald 'Trump' said that the war he launched with Israel in late February is nearly over. This was despite the fact that the shipping blockade announced by him had come into effect, and the traffic through the Strait of Hormuz was still far below normal. Washington warned that it may impose secondary sanctions against buyers of Iranian crude oil in advance of future negotiations, only weeks after easing some Iran energy sanctions. After...

EasyJet, a British budget airline, warned on Thursday that it had suffered a larger 'headline pretax loss for the first six months of the year than a year ago. This was due to the soaring fuel prices caused by the Middle East conflict and increased 'legal provisions. The airline is expecting a headline loss before tax of 540-570 million pounds ($733.3-$760.5) in the first half. This is higher than?the loss of 394 million pounds reported a year ago. The U.S. and Israeli war on Iran sent jet fuel prices soaring by as much as 200 dollars a barrel over the...

These are the most popular?stories from the Wall Street Journal. ? The?author of these stories has not?verified them and does not vouch for their?accuracy. Viva Energy in Geelong has suffered a major fire that engulfed a large part of its oil refinery. This is raising concerns about the availability of oil in Australia, at a time when the Middle East conflict is causing a shortage. Spirit Airlines has begun discussions with its creditors who are looking at options, including the possibility of liquidating the airline. A New York jury ruled on Wednesday that Ticketmaster, its parent company Live Nation, and...

Officials said that the European Union was drafting plans in order to combat a possible shortage of jet fuel and maximize refinery production. As a result, European airlines have warned that jet fuel shortages could occur within weeks. This will disrupt travel ahead of summer. Europe imports more jet fuel than any other fuel, 75% of which comes from the Middle East. The European Commission plans to introduce EU-wide mapping for refining capacities of oil products from next month. It will also introduce measures "to make sure that existing refining capability is fully utilized and maintained", according to a draft...