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FAA wants to fine Alaska Airlines $165,000 for allowing drunken passengers on board
The Federal Aviation Administration proposed Tuesday that Alaska Airlines be fined $165,000 for allegedly allowing 'intoxicated' passengers to board multiple flights. The FAA stated that the alleged incidents took place on 11 flights between Feb 2024 and Feb 2025. They added that FAA regulations prohibit airlines from allowing anyone who appears intoxicated to board a plane. Alaska has said that it took the matter seriously and participated in a FAA audit of its policies regarding guests who are drunk on aircraft. Alaska announced Tuesday that since the FAA shared these concerns with us more than a year earlier, we have made significant changes to ensure compliance. This includes enhanced training for flight attendants and agents of customer service. Alaska said Tuesday that it respected the FAA audit results and was confident about the changes made in the last year to ensure the standards were met. The FAA announced last month that it was proposing to fine Southwest Airlines $304,000, and American Airlines $250,000. It claimed the carriers had violated regulations regarding employee drug and alcohol testing by failing to conduct follow-up tests for their employees including pilots and flight attendants. Bill Berkrot edited the report by David Shepardson.
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UKMTO: Crew safe after tanker reports external explosion near Oman coast
'United Kingdom Maritime Trade Operations' said 'on Tuesday' that a tanker'reported an external explosion' on its port side near the waterline 60 nautical miles from Muscat, the capital of Oman. UKMTO said the vessel, identified by the name 'Olympic Life', and its crew are safe. However, the tanker reported that some bunker fuel was discharged into the sea. The cause of the incident is unknown, according to UKMTO. MarineTraffic data shows that the Greek Very Large Crude Carrier, owned by the Greek government, was sailing through Muscat around 0700 GMT and heading out of the Gulf of Oman. It was not carrying any cargo. According to the website of the Onassis Foundation, Olympic 'Shipping and Management, based in Athens, is the successor to Olympic Management, founded by late shipping magnate Aristotle Onassis. The company did not respond to a request for comment. Reporting by 'Ahmed Elimam,?Jana Choukeir and Nerijus Adomiaitis; Additional reporting in Oslo by Alida Williams and Bernadettebaum
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Sources say that Italy's RAI wants to extend the contract with EI Towers before RaiWay.
Three sources said that RAI wants EI Towers?to extend contracts with broadcasters using its infrastructure, before it merges into the state broadcaster RaiWay. This is to ensure long-term stability of business. Sources who declined to give their names because the talks are not public said that the issue was a sticking-point in the negotiations between RaiWay, and the shareholders of EI Towers, ahead of the June 15 deadline for a?deal?. The merger of RaiWay, a Milan-listed company, and EI Towers, a privately owned company has been on the radar for almost a decade. EI Towers is 60% owned by Italian infrastructure fund F2i, with the remainder held ?by Italy's top commercial broadcaster Mediaset, part of the Berlusconi-controlled MFE-MediaForEurope which ?is also the tower company's ?biggest customer. The combined company would be worth approximately EUR4 billion including debt. The people stated that RAI wants EI Towers, which includes Mediaset, in order to extend its contracts to 2037. Contracts are set to expire by 2032 when the concessions to use broadcasting frequencies will cease. They added that if the issue is to be addressed, the discussions may need to continue beyond the current deadline. F2i MFE RAI refused to comment. RaiWay and EI Towers?were unable to comment. The negotiations, which were based on a memorandum signed by Treasury owned RAI, MFE and F2i in December 2024, had already been prolonged after failing to meet earlier deadlines at the end of March and September. Rome passed a decree in 2024 that any reduction in RAI's share must be achieved by combining entities within the same sector. The agreement confirmed that RAI, who owns 65% in RaiWay would be required to keep at least 30% of its tower business listed. Reporting by Elvira pollina; additional reporting by Giuseppe Fonte; editing by Alexander Smith
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Uber and Lyft drivers from Massachusetts form the first US ride-sharing union
The first union in the U.S. that represents gig workers, such as Uber drivers and Lyft drivers, was formed by Massachusetts state officials and labor leaders. The Massachusetts Department of Labor Relations certified the newly formed App Drivers union on Friday as representing nearly 70,000 independent contractor ride-share drivers in the state. Massachusetts Governor Maura healey, a Democrat said, "It's a game changer for ride-share employees across the country" at a rally on Tuesday with drivers and labor organizers in Boston. The certification came after the voters of November 2024 approved an innovative ballot measure to allow drivers at companies such as Uber and Lyft, to collectively bargain over pay and benefits. This vote came after a?nationwide, years-long battle about whether ride-share driver should be classified as independent contractors or employees with rights to benefits and wages protections. The National Labor Relations Act does not apply to drivers for Uber or Lyft. This federal law only covers traditional employees. Under state law, however, drivers could only form a union if they collected signatures of at least 25 percent of Massachusetts' active drivers. This condition was met by union supporters. The union has the support of 32BJ SEIU - an affiliate of Service Employees International Union - and the International Association of Machinists and Aerospace Workers. At the rally on Tuesday, IAM President Brian Bryant said: "The workers that built these billion dollar corporations deserve a contract with a union and a place at the table." As unionization efforts increase in other states, he and other union leaders hailed Massachusetts as an important labor victory. California ride-share drivers now have the right to unionize, thanks to a law signed by Democratic Governor Gavin Newsom in October. Similar legislation ?is pending in Illinois. Uber and Lyft did not oppose the Massachusetts ballot measure. Lyft stated on Tuesday that it would engage in good faith with the Massachusetts process as it moves forward. Lyft released a statement saying that it does well when its drivers do well. We'll continue to focus on helping drivers succeed and keeping rideshare affordable for all who depend on it. Uber didn't respond to our request for comment. Uber did not respond to a request for comment.
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Bousso: The board of ROI-BP snatches victory from the jaws.
BP's second leadership scandal in less than 3 years is the sudden removal of BP Chairman Albert Manifold, who was accused of?misconduct? less than 8 months after he assumed office. BP's board has become a liability because of these repeated leadership failures. Sources close to the 'board' claim that his departure was due to 'aggressive conduct towards BP employees, which became a public issue following a whistleblower report. Manifold was hired by the company to oversee its strategic transformation and restore investor confidence after a disastrous venture into renewables in 2020 under the former CEO Bernard Looney, and Manifold’s predecessor Helge Lund. Looney was terminated in 2023 when it was discovered that he was having affairs with his colleagues. Lund departed after shareholder support plummeted. Former head of construction company expected to bring hard-nosed business approach - and did so. Manifold made his presence known immediately. The first was a change in leadership. Meg O'Neill was appointed as the new CEO of BP in December, two month after Manifold had joined the company. She is an outsider, and the first woman ever to be the head of a major oil firm. In February, a few weeks before O’Neill's appointment, BP suspended their share-buyback program, giving them the breathing space they needed to reduce?their debt. Investors viewed the two moves as proof that BP - and Manifold - had clear intentions. BP's profits increased by more than two-fold in the first quarter of this year, largely due to the surge in oil prices since the beginning of the Iran War. BP today is in a much better position from an operational perspective than it was a couple of years ago. Manifold's sudden departure will not change BP's strategy or its executive leadership. The board of directors will be the focus now. DIFFICULT QUESTIONS Manifold, who has only been at the company for a little over a year now, is still causing controversy. Questions about the culture of the board were raised by Looney's abrupt departure and the strategic mistakes made by the firm. In recent months he restructured and trimmed the board, and brought in experienced oil-and-gas executives to address these concerns. Manifold stated in March that the changes would allow for "faster decision-making and a sharper oversight" which are both critical to driving long term shareholder value. Today, the words are hollow. The board announced Manifold’s appointment in July. It said that it followed a “rigorous and extensive?global search." Amanda Blanc, a senior independent director on the board at the time, said that Albert's relentless focus is on performance. This will be well-suited to the needs of bp now and in the future. Blanc said in BP’s Tuesday statement that Manifold helped to bring "a welcomed focus" to BP’s transformation. However, the board was "surprised" and "disappointed" when it learned of Manifold’s "governance and conduct issues" which they deemed unacceptable. They have taken decisive actions. BP's shareholders and staff are right to question any assurances regarding the selection process for the future chair and other senior appointments, given the recent track record of the board. BP wants to transform its culture and strategy. Unreliable directors could make this 'already difficult challenge near impossible. You like this column? Open Interest (ROI) is your new essential source of 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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American Airlines will equip 500 narrow-body aircraft with Starlink Wi Fi by 2027
American Airlines announced on Tuesday that it will equip more than 500 of its narrow-body aircraft, for domestic and short-haul international routes, with Starlink inflight Wi-Fi. This service is expected to be available in the first quarter 2027. The financial terms were not disclosed. Airlines around the globe have been rushing to equip their fleets with faster, more reliable in-flight internet. This is because premium travel has increased since the COVID pandemic. American offers free Wi-Fi to all its customers who are enrolled in the 'loyalty' program in partnership with AT&T on almost all its flights. As of the end of March, the carrier's mainline fleet consisted of 1,022 aircraft. This included 885 narrow body jets. Starlink is a key revenue generator for SpaceX's IPO-bound parent company, and the?satellite-broadband unit will be the only profitable business in 2025. In the last few years, several U.S. airlines have signed deals with the world's largest satellite operator. Southwest Airlines, United Airlines, and Alaska Airlines are among the airlines that have signed deals with the world's largest satellite operator in recent years. The company also counts long-haul airlines such as Singapore Airlines, Dubai's Emirates and United Airlines as its customers. (Reporting by Nandan Mandayam in Bengaluru; Editing by Vijay Kishore)
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On its first day, Sweden's Karsan autonomous bus was hit by a tram.
The public transport organizer said that a'self-driving' bus, made by Turkey’s Karsan, was hit?from behind? by a tram in Gothenburg (Sweden) on Monday. This happened just one hour after the bus began to carry paying passengers. The bus braked, and the tram hit it, said Patrik Chi, a spokesperson for Vasttrafik. Vasttrafik is owned by the'regional public transportation authority. Chi claims that the collision did not cause any injuries. However, Gothenburg is currently undergoing a 'year-long trial for autonomous public transport using Karsan e-ATAK buses. Karsan stated in a Tuesday statement that the full details of this incident are being evaluated. Karsan stated that based on the initial findings it appears the incident was a traffic-related issue occurring in the flow of traffic within urban areas, and not an issue relating to the autonomous driving system. On the website of?public broadcaster SVT, footage showed the damage done to the bus and a banner at its rear that read: "Keep Distance! The bus could 'brake strongly. Chi stated that the circumstances surrounding the collision should 'be investigated. He added that there was a'safety driver on board the bus who was prepared to take over if necessary. Reporting by Jesus Calero Editing Bernadettebaum and Barbara Lewis
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Airline cancellations in response to Middle East conflict
Middle Eastern carriers increased capacity following the disruption caused by the Iran War, and airlines outside of the Gulf have rerouted flights between Europe and Asia to avoid major hubs within the region. The latest flight information is listed below alphabetically. AEGEAN AIRLINES On May 21, Greece's largest airline will resume its flights from Heraklion to Tel Aviv, as well as Rhodes and Larnaca. Thessaloniki-Tel Aviv flights are cancelled until June 26. Erbil, Baghdad and Dubai flights are all cancelled until July 2nd. AEROFLOT The Russian flag carrier has announced that it will resume flights to the United Arab Emirates on June 1. AIRBALTIC AirBaltic, a Latvian airline, has announced that flights to Tel Aviv are cancelled until the 28th of June. Dubai flights are cancelled until 24 October. AIR CANADA The Canadian carrier has canceled flights to Tel Aviv, Dubai and Abu Dhabi until September 7. AIR EUROPA Spanish Airlines has cancelled all flights to Tel Aviv up until the 28th of June. AIR FRANCE-KLM Air France has suspended flights to Riyadh, Riyadh and Beirut until May 26, and Tel Aviv until June 3. KLM suspends flights to Riyadh Dammam, and Dubai until 28 June. CATHAY PACIFIC Hong Kong Airlines has suspended all flights to Dubai, Riyadh and cargo services to Dubai and Riyadh up until May 31, and until August 31, respectively. The airline plans to continue all scheduled flights after June. The U.S. carrier plans to resume New York JFK-Tel Aviv service on September 6 and has extended the suspension of its Atlanta-Tel Aviv routes through December 18. The launch of the Boston-Tel Aviv flight, originally scheduled for late October, has been postponed until further notice. EL AL ISRAEL AIRLINES All flights to Dubai have been cancelled until 31 May. FINNAIR Finnair has cancelled all Doha flights up to July 2 and continues to avoid the airspaces of Iraq, Iran Syria, and Israel. The airline will not resume Dubai flights until October. British Airways, owned by IAG, has delayed the resumption of flights to Dubai and Doha until August 1. The airline also plans to reduce Middle East flights when they resume and to permanently drop Jeddah from its list of destinations. The airline also plans to reduce its services to Dubai and Doha to one flight per day. Iberia Express, the Spanish low-cost carrier of IAG, has cancelled flights to Tel Aviv until May 31. JAPAN AIRLINES Japan Airlines has suspended its scheduled Tokyo-Doha and Doha-Tokyo flight until July 31, and until August 1. The Polish airline has suspended its flights to Tel Aviv till May 30. The airline has also cancelled its flights to Riyadh up until June 30, and to Beirut between March 31 and June 27. LOT will operate its winter route from Dubai to Riyadh in October. LUFTHANSA GROUP Austrian Airlines plans to restart flights to Tel Aviv on June 1. SWISS, ITA Airways, and Lufthansa plan to resume flights in July. Brussels Airlines suspended its operations until October 24, ITA Airways, SWISS, and Lufthansa will continue to suspend their flights to Dubai through September 13. Lufthansa has suspended all flights to Abu Dhabi, Amman and Beirut until October 24, while SWISS, Austrian Airlines, and Brussels Airlines have suspended flights to Riyadh and Erbil. Eurowings, a low-cost airline, has suspended its flights to Tel Aviv and Beirut until July 9, Erbil and Dubai until June 22, and Amman and Abu Dhabi until October 24. ITA Airways has also extended its suspension of flights to Riyadh until June 30. MALAYSIA Airlines will resume limited service to Doha on July 2. NORWEGIAN AIR The low-cost carrier has delayed the launch of its Tel Aviv, Beirut and Beirut services until June 15. PEGASUS Pegasus Airlines, Turkey's national airline, has cancelled all flights to Iran, Iraq Kuwait, Bahrain, Dammam Riyadh Abu Dhabi Sharjah until June 1. QANTAS Australia's national carrier has added flights to Rome, Paris and London to meet the increased demand for European destinations. The number of flights to Paris is increasing from three to five per week. Perth-Singapore will also increase from a daily service to ten per week. A new schedule will be implemented gradually for flights starting in mid-April and running until late July. QATAR AIRWAYS From June 16, it will also expand its international flight network by more than 150 destinations. ROYAL MAROC Moroccan carrier announced that flights to Doha and Dubai will be cancelled until 30 June. SINGAPORE Airlines In response to a?higher demand, the?carrier has extended the suspension of its Singapore-Dubai flights until August 2. It will also add?services between late March and October 24 on Singapore-London Gatwick as well as Singapore-Melbourne. TURKISH AIRLINES SunExpress, Turkish Airlines joint venture with Lufthansa has cancelled flights until June 30, including to Dubai, Amman and Bahrain. WIZZ AIR Low-cost airlines will resume their flights to Tel Aviv from May 28, but flights to Dubai and Abu Dhabi, as well as flights to Amman in Jordan remain suspended from destinations on the mainland of Europe until mid-September. All flights to Medina have been suspended permanently. (Compiled by Josephine Mason and Jamie Freed. Elviira Loma, Tiago Branao, Agnieszka Olenka, Bernadette HOG, Boleslaw LaSocki, Romolo Tosiani. Matt Scuffham and Alexander Smith edited by Milla Nissi, Susan Fenton, Jonathan Ananda, Milla Nissi-Prussak, and Jonathan Ananda.
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. and Israeli war against Iran. Fuel accounts for as much as a quarter or more of the operating costs, which has forced airlines to raise their fares and change their 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 a spike in fuel costs will have a "notable" impact on its first quarter results.
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
Canada's largest airline has suspended its full year guidance due to the volatility of jet fuel prices.
The company announced previously that it would reduce four of its daily flights from New York to just 38 due to rising fuel prices.
AIR CHINA, CHINA SOUTHERN AIRLINES, CHINA EASTERN AIRLINES
China's "big three" airlines have increased 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, respectively, from 10?yuan or 20 yuan.
AIR FRANCE-KLM
The airline group has said that it expects a fuel bill increase of $2.4 billion this year. It also downgraded the capacity outlook from 2025 to a 2%-4% increase. It had previously predicted an increase between 3% and 5%.
Cabin fares will increase by 50 euros ($59), per round-trip, to reflect the'surging fuel prices'.
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
The Indian airline said that it will change its fuel surcharge system from a flat surcharge for domestic flights to one based on distance. The Indian carrier 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 broke. 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 introducing fuel surcharges ranging from 199 to 1,300 Indian Rupees ($2 - $14) for domestic and international flights.
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 lower expectations to a loss. They also said they expected to see an increase in jet fuel costs of more than $4 billion for this 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, it is expected that hedging, lower fares, and cost-cutting measures will limit the impact to around 60 billion. 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.
CEBU AIR
The Philippines-based carrier said that the sharp increase in fuel prices is a major concern. It will continue to review pricing and network strategies and try to minimize the impact.
DELTA AIR LINES
Delta announced that it would reduce capacity by 3.5 percentage points compared to its original plan and raise fees for checked baggage in order to offset the rising costs of jet fuel. The increase will be $10 on the 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), including an extra 25 million pounds of fuel costs in march.
FRONTIER Airlines A group of U.S. Budget Airlines, including Frontier, has proposed a $2.5 Billion Relief Plan to the U.S. Government. The Wall Street Journal reported. 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
Hong Kong based company, said that it will 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% on flights between Hong Kong, the Maldives and Bangladesh, and Nepal.
British Airways' owner IAG announced it would increase ticket prices in order to reflect the higher costs of jet fuel. Despite its fuel hedges it is "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 by October, which is equivalent to approximately 40,000 metric tonnes of jet fuel.
PAKISTAN INTERNATIONAL FLIGHTS
The airline said that it would increase domestic flight fares up to $20, and international flight fares up to $100. It cited higher fuel surcharges as the reason for this.
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 "a couple hundred" flights.
SPIRIT AIRLINES
The U.S. Low-Cost Carrier shut down abruptly, after collapsing due to financial pressures. This included the sharp increase in fuel prices caused by 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. The?U.S.
The previous increase in the cost of checked bags was $10.
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.
TURKISH AIRLINES LUFTHANSA
SunExpress, the joint venture between Turkish Airlines, Lufthansa and Lufthansa announced that it would charge a temporary fuel surcharge of 10 euro per passenger for routes between Turkey, and continental Europe. The fuel surcharge applies 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 net profit for 2025, instead choosing to keep the earnings and preserve cash.
T'WAY AIR
As part of measures taken to combat the effects of war, the South Korean low-cost carrier 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 prices. The company has already implemented five fare hikes late in the first-quarter, along with increased baggage fees that it says have begun to offset rising fuel prices.
The carrier forecasted second-quarter profits and full-year profit below Wall Street expectations. It said it would recover only 40-50% through fares and revenue measures during the second quarter, but that this figure could rise to 70-80% by the third and up to 85-100% in the fourth.
VIETJET
Vietnamese budget airline has announced that it has adjusted flight frequencies on certain routes due to possible fuel shortages.
VIETNAM Airline
Vietnam's Aviation Authority announced that the carrier will cancel 23 flights a week 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)