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UK watchdog investigates Ryanair regarding fees for parents and children to sit together
The British Competition Watchdog has launched an investigation into the European budget airline 'Ryanair' on Thursday, over the fees parents have to pay in order to travel with their children. The Competition and Markets Authority is investigating whether Ryanair’s mandatory family seat charge, which costs around PS8 ($10.70 each way), may force parents to pay for the airline to meet its own obligations regarding child safety and disabilities under aviation regulations. The regulator stated that the investigation was focused on whether Ryanair's terms of contract were "unfair" under consumer law. It added that the probe had only just begun and it has not yet reached a conclusion as to whether or not Ryanair broke the law. Ryanair didn't immediately respond to an?invitation for comment made outside of its regular working hours.
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Wizz Air announces annual profit that is above market expectations
Budget carrier 'Wizz 'Air' reported a yearly operating profit that was above analyst expectations on Thursday. A capacity bump and better cost control supported revenue growth, even though the Middle East conflict is disrupting the airline industry. Wizz Air has cut costs, increased promotions and boosted costs after the U.S. - Israel war on Iran caused a 'profit warning' due to higher fuel costs. According to LSEG, the company reported an operating profit of EUR139.7 ($161.3) million for the 'year ended March 31, compared with analysts expectations?of EUR88.51 millions. The 'carrier' did not give a fiscal forecast for 2027, citing the lack of visibility due to the prolonged 'Iran War.
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Bousso: Reopening of the ROI-Hormuz could be OPEC’s downfall
Saudi Arabia and its neighbouring Gulf producers are likely to cheer the eventual reopening of Strait of Hormuz. However, the ensuing influx of?oil could erode OPEC’s fragile grip on the markets. The Iran conflict and the closing of the crucial waterway, through which nearly one-fifth of the oil and gas in the world flowed prior to the conflict, have dramatically reduced the output of the Organization of the Petroleum Exporting Countries. This has shifted the centre of gravity of the industry away from the Middle East. Riyadh has limited options to counter?these changes. The re-opening of the strait is not certain. Iran wants to maintain some control over the waterway, while U.S. president Donald Trump is insistent that it should be returned to its prewar normal. Saudi Arabia, Bahrain and the United Arab Emirates will all try to maximize oil exports in order to plug the huge fiscal holes caused by the conflict. ROI estimates that the loss of 13 million barrels of Middle East exports each day - 13% of global supplies - since February 28, 2014, represents over $80 billion of lost revenue. The damage to energy infrastructure, such as refineries, storage facilities and tankers, can amount to tens or even hundreds of billions. There will be huge incentives for energy importers to act quickly, especially in Asia. Asian refineries and governments have drastically reduced consumption during the conflict, reducing inventories. Many will be eager to replenish their stockpiles. Demand and supply will not necessarily recover at the same pace. It could take several months for Middle East producers re-start a large portion of the 11 million bpd? of shut-in production. Uncertainty also exists about how much of the demand has actually been destroyed, and how much is simply being postponed. Geopolitical worries will likely lead to an uneven, stop and start recovery that puts pressure on supply chains and increases volatility in oil prices. Historically, these conditions would have played into OPEC's strength. In the past, the group and its allies including Russia have intervened repeatedly to stabilize markets by adjusting production. The COVID-19 pandemic is a prime example, where coordinated cuts and increases were used to help control prices through extreme swings. The cartel appears to be less capable of playing this role. OPEC STRUCTURED AND FRAGMENTED by war. According to U.S. Energy Information Administration statistics, its production fell to 20 million bpd on average in April from 31 millions in February. OPEC has seen its share of the global production drop to an all-time record low of 22%. The UAE's decision to leave the group in April, to pursue their own production strategy, dealt a major blow to both OPEC cohesion and Saudi Authority. The strain is compounded by Russia's inability, due to repeated Ukrainian drone attacks on its energy infrastructure as part of Kyiv’s campaign to weaken Moscow’s war economy, to increase exports or act as a pivotal supplier within the broader OPEC+ Alliance. In this context, the reopening Hormuz may put Riyadh into a difficult position. OPEC member countries that are revenue-starved will likely compete fiercely to gain market share. This will push more barrels on the market, and put heavy pressure on prices. Riyadh may struggle to convince them that they need to reduce production in order to maintain prices. Saudi Arabia's wartime actions could further undermine its influence. Riyadh took advantage of the price spike during the war by diverting 60% of its exports to the Red Sea. Once full access to the Red Sea is restored, it will be harder for Riyadh to convince producers like Iraq and Kuwait to reduce output. Recent OPEC policy signals confirm the current direction. The group decided on Sunday to increase output for a fourth month in a row. OPEC+ will be able to complete, at least in paper, the 1,65 million bpd reductions agreed upon in 2023 if they continue on their current course. A BUMPY RIDE? TO OVERSUPPLY It is true that any recovery in supply will not happen immediately. The balance of risks still points to oversupply. According to Jorge Leon, an analyst at Rystad Energy, the return of OPEC barrels along with a high level of production from the?U.S.A., Brazil, and Venezuela, could lead to a global surplus of 5 million bpd after a complete reopening the Strait of Hormuz. It is important to note that producers outside of the Gulf, such as some OPEC member countries, have strengthened their market positions throughout the crisis. This should make it more difficult for Gulf producers without aggressive pricing to recover lost market share. The producer group has demonstrated a willingness over the years to engage in "painful" price wars. Starting one now, following the most disruptive shock to supply in decades, could spiral out of control, hastening the demise of OPEC. You like this column? Check out Open Interest, your new essential source for global financial commentary. Follow ROI on LinkedIn and X. Listen to the Morning Bid podcast daily on Apple, Spotify or the app. Subscribe to the Morning Bid podcast and hear journalists discussing the latest news in finance and markets seven days a weeks.
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What were the names of the two pilots that flew the Air India jet which crashed?
According to a source familiar with the matter, Indian investigators will delay issuing the final report on the deadly Air India Boeing 787 accident until the anniversary of the crash, which falls on Friday. They will do this because they need to finish an analysis 'of the planes engines. According to an early report by U.S. officials last year, a?cockpit recorder of the dialogue between the pilots confirmed the belief that the captain had cut off the fuel flow to the plane's engine. Indian investigators at the time said it was "too soon to draw any conclusions." Here are two brief profiles of the pilots, based on media reports and the preliminary investigation report: CAPTAIN SUMEET SABHARWAL The 56-year old had a licence for airline transport pilots that was valid until May 14, 2026. He was cleared to fly as a pilot-in command on several aircraft, including the Boeing 787?and 777?and the Airbus A310. He has accumulated a total of 15,638 flying hours. Of these, 8,596 were spent on a Boeing 7. According to a report in the Times of India, Sabharwal called his family at the airport and assured them that he would call again when he landed in London. He was described as a gentleman by a pilot who briefly spoke with him. Sabharwal's dad asked India's Supreme Court for an independent investigation that took into consideration other causes than pilot actions. Two officials from India's Aircraft Accident Investigation Bureau visited him after his son's crash and implied that he had cut the fuel to the plane engines after takeoff. FIRST OFFICER CLIVE ?KUNDER The 32-year old had a commercial license that was issued in the year 2020 and valid through September 26, 2025. He was cleared to fly the Cessna 172,?Piper PA-34 Seneca and Airbus A320 as well as Boeing 787?jets as a co-pilot. His total flying experience was 3,403 hours. One-hundred and twenty eight hours of that were spent as a copilot on a 787. According to Indian media, his relatives, Kunder has been a fan of flying since his school days. In 2012, he began working as a pilot. The Wall Street Journal reported that Kunder attended flight school in Florida last year. The Wall Street Journal reported that he was hired by Air India and started flying on the Airbus A320, before the airline changed him to the Boeing 787. The report said that Kunder was described by his family and friends as a superhero movie fan who built a computer from scratch. He also nearly pursued an esports pro career in college. Reporting by Abhijith Ganadavaram and Aditya Kahlra, Editing by Jamie Freed
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Air India continues to deal with the fallout of a deadly crash despite its long history
Indian investigators will delay the release of their final report on the deadly Air India Boeing crash until the anniversary of the accident, which is Friday. They are citing a need to finish an analysis of the plane's engines. Since the June 12 crash, 2025 which was the deadliest aviation disaster of the decade in the world, the airline has been under intense scrutiny. The airline's history is rich and varied. FOUNDED 1932 Air India was founded by JRD Tata, an entrepreneur in 1932. The Indian government took over the company in 1953. Years of mismanagement by the Indian government and the?increasing competition' led to the ballooning of debts. Tata Group acquired the airline in a $2.2billion deal in 2022, and since then has been trying to restore its fortunes. Singapore Airlines, a minority stakeholder with 25% of the airline, is also a shareholder. FLEET ROUTES Air India Group, including full-service carrier Air India, and budget subsidiary Air India Express fly to 60 domestic and international destinations. Air India's fleet consists of 184 aircraft. These include narrowbody and widebody Airbus models, as well as widebody Boeing planes. Airline capacity has been reduced domestically due to high jet fuel costs and pressure on international routes. The group's financial year ending in March saw the largest losses in its history, with a loss of over $2 billion. Record AIRBUS and BOEING Order Air India, in February 2023, placed the largest order ever for a total of 470 jets from Airbus and Boeing. Airbus was ordered to deliver another 100 jets in December 2024. Last year, it was reported that the airline is in negotiations with Airbus and Boeing to add more aircraft. Negotiations include up to 80 wide-body jets and 200 narrow-body aircraft. MULTIMILLION DOLLAR RETROFIT In mid-2023, the company unveiled its new logo and branding as well as a new livery for their planes. The company also began a $400-million refurbishment plan and retrofitting?plan for its aircraft interiors. However, supply chain delays have plagued the project. The airline has retrofitted the majority of its single-aisle Airbus A320neo jets and is currently working to update its long-haul Boeing 787 and 777 jets. MANAGEMENT TEAM Air India CEO Campbell Wilson announced his resignation in April, but he would remain on until a successor is appointed. According to reports, the search for his replacement has been narrowed down to Singapore Airlines' executive Vinod Kanan and Chief Commercial Officer Nipun Aggarwal. Reporting by Nandan Mandyam and Abhijith Gaapavaram, New Delhi. Editing by Aditya K. Kalra and Jamie Freed.
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US, once a victim of Arab oil embargos, now the world's largest oil exporter
United States is now the largest oil exporter in the world, upending decades-old orders long dominated Saudi Arabia and Russia. This?shift tightens American firms' grip on global energy markets, as Washington's War with Iran reshapes international energy trade. The United States' rise to the top of the oil exporters list is a dramatic reversal. For decades, America was reliant on Middle Eastern oil and had to endure an oil embargo imposed in 1973 by some OPEC countries as a retaliation for U.S. support for?Israel. After 2010, the U.S. fortunes changed when the oil and gas production from its shale deposits soared. It became the top gas producer in the world, and then top oil. The U.S. is now the largest oil exporter in the world. This is due to the U.S. - Iran war, which has disrupted Saudi oil exports from February 2026. Russian oil exports have also been affected by the U.S. sanctions against Moscow over the invasion of Ukraine and the U.S. drone attacks on Russia. Data from ship tracking service Vortexa shows that U.S. crude and fuel exports grew to 10.5 million barrels a day in May, a result of high production and the release strategic reserves. This makes the U.S. top exporter of the world for the third consecutive month. According to calculations by Vortexa, Russian exports were 7 million barrels per day in May. Saudi Arabian exports, on the other hand, stood at 5,9 million barrels per day. According to Vortexa, Saudi Arabia will export 8.1 million barrels per day in 2025. The United States will ship out 6.6 millions barrels per day, and Russians are expected to export 5.8 million barrels per day. Michelle Brouhard is the head of policy for ship tracking company Kpler. She said that Washington has a tool it didn't know they had prior to the Iran War -- energy exports. The Organization of Petroleum Exporting Countries (OPEC) and its allies have traditionally held a strong price-setting power over the oil market. Donald Trump, the U.S. president, has long criticized OPEC's manipulation of oil markets. In May, one of the group's biggest members, United Arab Emirates, quit the organization after almost 60 years. Washington will have a new tool to use in negotiations with its allies and enemies, as well as its military dominance and financial market dominance thanks to the U.S. Dollar's status as the world reserve currency. Brouhard added that the U.S. is the world's largest crude oil supplier to Europe, and second in terms of distillates. EU officials who welcomed the U.S. gas and oil boom initially as an alternative supply to Russia and Middle Eastern countries have become more sceptical and warn of the risks of becoming too reliant on American companies. The warning came at the same time as the EU and the U.S. administration were fighting over tariffs on trade and environmental regulations. Moscow also struggles to conceal its frustration. Igor Sechin said that the U.S. oil companies would be the biggest beneficiaries of the Strait of Hormuz closure, according to Igor Sechin. He is the head of Rosneft, the Kremlin's major oil company and a close ally of Vladimir Putin. Saudi Arabia and Russia had been lagging behind U.S. producers in terms of production growth long before the U.S. war with Iran began. Since 2000, the United States' crude and liquids production has almost tripled. It now stands at 22 million bpd. Saudi crude and liquids production has fluctuated between 10 and 12 million bpd, depending on OPEC quotas from 2000 to 2026. Russian oil and fluids production grew from 6 million to 10 millions bpd in the years 2000-2010, then grew another 2 million bpd over the 2010s. However, since 2020 it has stagnated or declined below 10,000,000 bpd. The U.S. oil boom has largely been responsible for the growth in global oil demand over the last 15 years. In 2015, after 40 years of a ban on oil exports, the United States lifted the ban, allowing its oil boom to reach the rest of the world. In just 10 years it became the largest oil exporter in the world, proving the skeptics that growth would be temporary as the fields depleted wrong. The U.S. boom is driven primarily by profit and depends on private companies' decisions, unlike in Saudi Arabia or Russia where the government sets production and export goals. U.S. companies will increase production when oil prices go up, helping to bring down prices. Kenneth Medlock III is a fellow at the Baker Institute for Public Policy and specializes in Energy and Resource Economics. He said that when prices are low, U.S. companies will reduce output which will increase prices. He said: "In many respects, it is similar to what OPEC, Saudi Arabia, and other countries have done with spare production capacity. But it's more a'market mechanism' than a strategy device." Since the Ukraine conflict began in 2022, European countries have relied heavily on the United States. This year, the continent has taken about 47% of U.S. crude oil exports, up from 37% last year. Asian countries that used to purchase the majority of their crude oil from the Middle East are now also increasingly dependent on U.S. supplies. About 46% of U.S. crude oil exports were from Asia in May, up from 37% the previous year.
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Fatal air crashes with suspected or confirmed deliberate actions by pilots
According to a source familiar with the situation, Indian investigators will delay the release of a final report on the deadly Air India Boeing crash until Friday's one-year anniversary. They say they need to complete the analysis of the planes engines. According to an early assessment by U.S. officials, reported in? Last year, a U.S. official's early assessment reported by? Indian investigators at the time said it was "too early" to reach any conclusions. The father of Captain asked India's highest court to order a independent investigation which took into consideration other causes than deliberate pilot actions, as has been suspected or proven in the following fatal accidents. CHINA EASTERN AIRLINES 2022: In March 2022 a Boeing 737-800 of China Eastern crashed into a southern Chinese hillside, killing all 132 passengers. The U.S. National Transportation Safety Board published data last month indicating that fuel was cut off to both engines. This is the first major update in the investigation of the crash. The NTSB reported that the fuel switches of both engines were moved from their run position to their cutoff positions while the aircraft was cruising at 29,000 feet. Flightradar24 reported that the data showed downward force had been applied to the controls of the first officer after fuel was stopped to the engines. The NTSB update came after China's Aviation regulator decided for the second consecutive year to not release an annual report on its investigation of the crash. It let the fourth anniversary go by without providing any insights into the cause. GERMANWINGS, 2015: A Germanwings Airbus A320 jet crash-landed into a French mountainside in March 2015 on a flight between Barcelona and Duesseldorf. All 150 people on board were killed. Investigators determined that Andreas Lubitz, the first officer of Germanwings, deliberately crashed the aircraft after locking the captain out. Lubitz, who was a pilot for the now-closed Lufthansa Low-Cost subsidiary, suffered from a mental disorder with psychotic symptoms, which led to suicidal thinking. However, Lubitz had hidden his illness from his employers. In 2018, the European Commission passed new rules regarding pilot mental health, requiring that airlines conduct psychological assessments of pilots prior to hiring them. MALAYSIA AIRLINES 2014: Flight MH370, with 239 passengers on board, vanished on March 8, 2014 en route from Kuala Lumpur to Beijing. Investigators believe that based on satellite tracking, and subsequent wreckage discoveries, the plane veered off course thousands of miles and crashed in an isolated area of southern Indian Ocean. The final report of the Australian Transport Safety Bureau revealed that Captain?Zaharie Ahmed Shah had flown a flight route in his home simulator six weeks prior, which was "initially" similar to the actual route taken by MH370. The Malaysian team of investigators said that the controls had been manipulated deliberately to divert the plane from its course. However, they could not determine who was to blame. EGYPTAIR 1999: A Boeing 767 operated by EgyptAir crashed on October 31st 1999 off Nantucket in Massachusetts killing all 217 passengers. U.S. investigators concluded in their final report that the relief first officer of the flight said, "I trust God", and then moved the controls suddenly into a nose down position, intentionally crashing the aircraft. Egyptian investigators, however, accused the NTSB for twisting evidence in order to support their suicide theory. They produced their own report citing technical issues. SILKAIR, 1997: The crash of a SilkAir Boeing 737-390 near Palembang, Indonesia on December 19, 1997 killed all 104 passengers. The air traffic controllers didn't receive a distress signal from the plane flown by an now-closed regional branch of Singapore Airlines. Investigators discovered that the flight recorders'stopped' minutes before the crash, fueling speculations about a deliberate pilot act. But the exact cause is still disputed. In a final report, Indonesian investigators stated that they could not determine the reason for the plane leaving its cruising altitude based on the limited information and data from the wreckage or flight recorders. The U.S. NTSB stated that the evidence indicated the cockpit voice recording was intentionally disconnected. They also said recovery of the aircraft was possible, but was not attempted. It was more likely than not the first officer who made the inputs for nose-down flying. (Compiled by Abhijith Ganahapavaram, edited by Jamie Freed).
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Air India's Boeing Dreamliner crash: Inside the cockpit
According to a source familiar with the matter, Indian investigators will delay the release of their final report on the 'deadly Air India Boeing 787-8 crash until the anniversary of the accident, which is Friday. They are citing the need for a complete analysis of the engines of the aircraft. The sequence of events on June 12th, 2025 as described by Indian investigators' preliminary report published on July 12, last year. Air India Dreamliner VTANB landed at Ahmedabad as AI423 at 05:47 GMT. 07:48 GMT - An aircraft was spotted departing Bay 34 of the airport. The aircraft was cleared to taxi by air traffic control at 07:55:15 GMT. A minute later, the aircraft took the taxiway R4 from the bay and proceeded on the runway 23. 08:02 GMT - The aircraft has been transferred from tower to ground control. 08:07 GMT - Take off clearance issued. The aircraft began rolling at 08:07 GMT. Aircraft lifted off at 08:08 GMT. The report stated that "the aircraft air/ground sensor switched to air mode in accordance with liftoff." Aircraft reached maximum airspeed of 180 knots at 08:08 GMT. "Immediately after, the Engine 1 fuel?cutoff switch and Engine 2 fuel cutoff switch transitioned one by one from RUN position to?CUTOFF with a gap of 1 sec." The Engine N1 and N2 started to degrade from their takeoff values when the fuel supply was cut off. In the cockpit recording, one pilot is heard asking another why he cut off. "The other pilot replied that he didn't do it." The airport CCTV footage showed Ram Air Turbines (RATs) being deployed immediately after take-off. The aircraft began to lose height before crossing the perimeter wall of the airport. The RAT hydraulic pump started supplying power at 08:08 GMT. Fuel cutoff switch for Engine 1 has been changed from CUTOFF (fuel off) to RUN. The fuel cutoff switch for Engine 2 has also been changed from CUTOFF (stop) to RUN (run). When fuel control switches are moved from CUTOFF (cut off) to RUN (run), each engine's full-authority dual engine controls (FADEC), automatically manages the relighting and thrust recovery of ignition and fuel. Engine 1's core speed deceleration stopped and reversed. It then began to recover. Engine 2 could relight, but it was unable to stop core?speed deceleration. Fuel was added repeatedly to increase core speed acceleration. The pilot who sent "MAYDAY Mayday Mayday" at 08:09 GMT. 08:09 GMT - Data recording has stopped. (Reporting by Aditya Kalra; Editing by Jamie Freed) 08:14.44 GMT - Crash Fire tender leaves the airport premises to rescue and fight fires. (Reporting and editing by Jamie Freed; Aditya Klra)
Price hikes and outlook cuts are used by airlines to combat the fuel price surge.
The aviation industry was blindsided by the sudden increase in jet fuel costs from $85 to $100 to $150 to $200 per barrel during the U.S./Israeli war on Iran. Fuel accounts for as much as a quarter or more of the operating costs, which has forced airlines to raise their fares and revise financial forecasts.
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 flights, as well as the spike in fuel costs will have "a significant impact" on its first-quarter earnings.
AIRASIA X
Malaysian Airlines executives announced that the company has cut 10% of its flights in the group and imposed a fuel surcharge of around 20%.
AIR CANADA
The volatility in jet fuel prices has caused the largest Canadian carrier to suspend its full-year forecast.
The company announced plans to cut four of its daily flights from New York to New York because fuel prices were higher.
AIR CHINA, CHINA SOUTHERN AIRLINES, CHINA EASTERN AIRLINES
China's "big three" airlines have reduced surcharges for domestic flights to 60 yuan (8.78 dollars) for flights less than 800 kilometers and 120 yuan (about $13.80) for those more than 800 kilometers, from respectively 10 yuan or 20 yuan.
AIR FRANCE-KLM
The airline group?said that it expects a fuel bill increase of $2.4 billion this year. It also downgraded the capacity outlook from 2025 to a rise between?2% and 4%. It had previously predicted an increase between 3% and 5%.
The group announced previously that it would increase the price of long-haul tickets to reflect rising fuel costs. Cabin fares will rise by 59 euros (50 euros) for a round-trip.
KLM, the Dutch subsidiary of the group, announced on April 16 that it would cancel 160 flights across Europe in coming months due to rising fuel prices.
AIR INDIA
Bloomberg News reported that the Indian carrier had discussed furloughing employees who were not technical and reducing flight capacity more than 20% in the next three month.
The company said that it will also revise the fuel surcharge, moving from a flat surcharge for domestic travel to a grid based on distance. The company said that surcharges for international routes do not compensate the steep rise in fuel costs.
AIR NEW ZEALAND
On April 7, the airline announced that it would cut flights in May and June, and raise fares. It was one of the first airlines to announce a large increase in ticket prices after the conflict erupted. The airline also suspended its earnings forecast for the full year due to volatility in the fuel markets.
AIR TRANSAT
The Canadian airline announced that it would reduce its planned capacity by 6 percent from May to October of this year. Cuts are expected to be made on routes to Europe, the Caribbean, and Cuba.
AKASA AIR
Akasa Airlines, based in India, announced that it would be imposing a fuel surcharge on both domestic and international flights ranging from 199 to 1,300 Indian Rupees ($2 - $14).
ALASKA AIR
Fuel prices are rising sharply, putting pressure on airline margins.
The carrier had previously withdrawn its profit forecast for the full year and warned that earnings would be severely affected in the second quarter. The carrier has also reduced capacity in certain markets.
AMERICAN AIRLINES
The U.S. airline slashed their 2026 profit projection, pushing the lower end of expectations to a?loss, and stated that it expects its jet fuel bills to increase by over $4 billion this fiscal year.
The government has increased the fees for checked bags on domestic flights and short-haul flights by $50 for the third bag and $10 for each of the first two bags. It also reduced certain benefits to economy passengers.
It said that higher fuel costs would increase its costs by approximately 140 billion yen (890 million dollars) this year. However, the airline expects to reduce the impact of these increases to 60 billion yen through hedging and cost reductions. It has said that it will consider introducing an internal fuel surcharge for the fiscal year starting April 2027.
ASIANA AIRLINES
Newsis reported that the South Korean airline would cut 22 flights from April to July because of fuel price increases.
CATHAY PACIFIC
Hong Kong Airlines will reduce fuel surcharges on most flights starting May 16 as part of its "agile" response to the volatile jet fuel price.
CEBU AIR
The Philippines-based carrier said that the sharp increase in fuel prices is a major concern. It will continue to review its pricing and network strategy to minimize the impact.
DELTA AIR LINES
Delta announced that it would reduce capacity by around 3.5 percent points from its initial plan, and increase fees for checked baggage in order to offset the rising costs of jet fuel. The increase will be $10 for first and second bags, and $50 on third bags.
The U.S. carrier pulled all planned growth in capacity for the current quarter, and forecast profits below Wall Street expectations.
EASYJET
EasyJet has warned that it will suffer a larger half-year loss before tax of between 540 and 560 millions pounds ($732 and $759million), which includes 25 million pounds of extra fuel costs for March.
The Wall Street Journal reported that a group of U.S. low-cost airlines, including Frontier Airlines, has proposed a $2.5 billion plan for relief to the U.S. Government. The report stated that the figure was based on the amount of jet fuel the group is expecting to spend this year in comparison to previous forecasts.
Fuel prices have increased dramatically since the carrier's forecast, and it has stated that it will be reviewing it.
GREATER BAY Airlines
The Hong Kong-based firm said that it would increase fuel surcharges for most routes on April 1 and keep them the same on routes to mainland China and Japan.
HONG KONG?AIRLINES
The airline announced that it would increase fuel surcharges up to 35% starting March 12. The biggest increases would be on flights between Hong Kong, Bangladesh, and Nepal where the charges would go from HK$284 to HK$384.
British Airways' owner IAG has warned that the annual profit will be lower than expected, due to rising jet fuel prices and supply disruptions.
It had previously announced that it would increase ticket prices in order to reflect the higher costs of jet fuel. Despite its fuel hedges it was still "not immune" from the wider fallout caused by fuel price volatility.
INDIGO
India's largest airline announced that it will introduce fuel charges for domestic and international flights starting March 14. The charge for flights into the Middle East is 900 rupees and for flights into Europe, 2,300 rupees.
JETBLUE AERWAYS
JetBlue announced that it would reduce hiring, reduce capacity, and raise fares in order to mitigate the impact of the rising jet fuel prices. CEO Joanna Geraghty stated on a earnings call that the airline had suspended its outlook for the full year.
Sources with knowledge on the subject have confirmed that KOREAN will be entering emergency management mode in April as oil prices continue to rise.
LATAM AIRLINES
The Chilean carrier has cut its core earnings forecast for 2026 after rising jet fuel costs pushed up costs.
LUFTHANSA
The German airline group has said that it will be hit by jet fuel prices of 1.7 billion euros in 2026.
Its subsidiary ITA Airways announced that it would increase ticket prices by between 5% to 10% in 2026, to compensate for rising fuel costs.
The group announced in April a new low-cost "Economy Basic", which limits free carry-on luggage to a "laptop or small backpack".
The group had previously announced that 20,000 short-haul flight would be removed from their schedule until October, which is equivalent to approximately 40,000 metric tonnes of jet fuel.
PAKISTAN INTERNATIONAL FLIGHTS
Fuel surcharges are cited as the reason for raising domestic fares up to $20, and international fares up to $100.
QANTAS AIRWAYS
Qantas, an Australian airline, said that it has delayed a planned A$150-million ($108-million) buyback. It also increased its fuel estimate for the second half 2026 from A$2.5-billion to A$3.1-3.33 billion.
Scandinavian Airlines announced that it would cancel 1,00 flights in April due to high jet fuel and oil prices. In March, the airline had cancelled "couple hundred" of flights.
SPIRIT AIRLINES
U.S. Low-Cost Carrier shut down abruptly due to financial pressures. Fuel costs rose sharply because of the Iran War.
SPRING AIRLINES
Budget Chinese airline announced that it will increase fuel surcharges for domestic flights starting April 5. Details to be announced in due course.
SOUTHWEST SOUTHWEST SOUTHWEST SOUTHWEST SOUTHWEST SOUTHWEST SOUTHWAST AIRLINES
The U.S. airline forecast a second-quarter profit that was below the market's expectations. Its CEO also warned of the impact the spike in jet fuel would have on the airline.
The first and second bags were now charged $45 and $55 respectively.
The Portuguese airline claimed that its price increases would partially offset the impact of fuel prices changes on its revenues.
THAI AIRASIA
The Thai low cost carrier announced that it would reduce its overall seat capacity between May and July by 30% on average to offset the impact of rising aviation fuel costs and a softening of demand.
THAI AIRWAYS
The Thailand-based airline said that it would increase fares between 10% and 15% in order to combat rising fuel prices.
The European airline, tour operator and travel agency cut their full-year profit forecast and suspended revenue guidance. They said they had incurred extra costs of about 40 million euro due to the March war, including repatriation and operational disruptions.
LUFTHANSA, TURKISH AIRLINES
SunExpress is a joint venture of Turkish Airlines and Lufthansa. It announced that it would charge a temporary fuel fee of 10 euros for each passenger traveling between Turkey and continental Europe. The fuel surcharge will be applied to all bookings made after April 1, for departures after May 1.
Turkish Airlines announced on April 10, that it would not be distributing any dividends from its 2025 net profits, choosing to keep the earnings in order to conserve cash.
T'WAY AIR
As part of the measures taken to combat the effects of war, the South Korean low-cost airline said that it would furlough cabin crew in May and/or June without pay.
UNITED AIRLINES
Scott Kirby, CEO of the U.S. airline, said that ticket prices could need to increase by up to 15% or 20% in order to offset an increase in jet fuel costs. The company has already implemented five fares increases in late first quarter along with increased baggage fees that it says have begun to offset rising fuel prices.
The carrier's second-quarter profit and full-year earnings are also below Wall Street expectations. It is expected to recover just 40-50% of fuel prices through fares in the second quarter. This will improve to 70-80% by the third, and up to 85-100% in the fourth.
VIETJET
Due to possible fuel shortages, the Vietnamese budget airline has adjusted flight frequency on certain routes.
VIETNAM Airlines
Vietnam's Aviation Authority announced that the carrier will cancel 23 flights per day on domestic routes starting in April after it requested assistance from the government to remove an environment tax on jet fuel.
VIRGIN ATLANTIC
Corneel Kster, the CEO of the airline, told The Financial Times that despite adding fuel surcharges on fares this year it will struggle to achieve profitability.
VIRGIN AUSTRALIA
Virgin Australia has said that it expects an increase of jet fuel costs of between A$30 and A$40 million in the second half of the fiscal year. It also anticipates a 1% decrease in capacity for the fourth quarter.
VOLOTEA
The Spanish low cost airline has introduced a new pricing strategy that links ticket prices with fuel costs. This could add an additional surcharge after purchase of up to fourteen euros per passenger per flight.
WESTJET
Globe and Mail reports that the Canadian airline has reduced seat capacity in June. The Canadian Press reported previously that the airline would add C$60 ($44.50) to certain bookings, and combine flights due to rising costs.
(source: Reuters)