Latest News
-
Philippines starts identifying the victims of ferry fire, but there are still dozens missing
The Philippine authorities started the painful process of identifying the victims of a ferry fire on Saturday. A day earlier, responders had recovered bodies from the burnt-out vessel. This brought the death toll up to 35, and more than 50 others are still missing. The bodies were taken to a port near Coron, where tents were erected for the forensic teams who would process and identify victims. Some family members gathered near the port to watch as responders wearing protective suits moved black body bags from an Coast Guard vessel into temporary tents. Anelyn magbanua was one of them. Her husband, who was visiting their children in Manila, was returning to Coron when the ferry caught fire. The vessel was carrying over 130 passengers. "I hope that he's not among the dead brought off the boat." She said, "I hope he's alive and only drifted over to another island." She said, "It'll be a very difficult thing to accept if it's true." "He loved his kids very much." Firefighters entered a ferry for the first time 'on Friday, after extinguishing a fire that broke out more than a week earlier. This allowed authorities to access areas which had been difficult to reach due to thick smoke and extreme temperatures. The Coast Guard reported that burnt remains had been discovered in the economy section of the ferry. The Coast Guard released images that showed the extent of the damage inside the vessel. Rows of steel bed frames were twisted and covered in ash by intense heat. Some photos appeared to show skeletal remnants among the debris. At a Saturday press conference, Geronimo Tuvilla of the Philippine Coast Guard said that the first priority was to identify the victims and determine what caused the fire. According to a statement by the Maritime Industry Authority, which cited survivor reports, two explosions could be heard on board the ship shortly before it caught fire. GMA News interviewed a survivor who recalled seeing smoke that quickly turned into fire. The fire spread throughout the ferry in seconds. The fate of the captain of the ship was also unclear. At the same press conference, Coast Guard spokesperson Noemie Cayabyab stated that she received information that he was alive. However, the captain's name did not appear on the list. This is just the latest in a series of maritime accidents that have killed people in the Philippines. The archipelago has more than 7,600 island where millions of people rely on small boats and ferries to travel from province to province and island.
-
Outrage over land rights and mass graves prompted by plans for a private airport in Syria
The Syrian government's plans to transform a former military airfield in Damascus, Syria into a hub of private jets are alarming rights groups and local residents. They say the redevelopment may disturb mass graves or override land claims. According to an article published by Syria's official news agency SANA, the civil aviation authority of Syria announced last week that it was preparing to reclassify Mezzeh Military Airport for limited civilian use, focusing on private and executive aviation. This would complement Damascus International Airport. The report stated that the removal of rubble and upgrading of infrastructure had already started. The project will test how Syria's newly elected authorities can balance a desire to attract investments and redevelop the state's assets with two unresolved legacy of Assad family rule: the fates of tens thousands of Syrians who have gone missing and the property rights that are clouded after decades of expropriation. NEW DOCUMENTS SHOW AIRPORT'S ROLE AS EXECUTION SITE Mezzeh was home to the Air Force Intelligence Directorate under Bashar al Assad and his father Hafez. It also housed a number of detention centers where government opponents suspected of being spies were tortured, killed, and forced into disappearance. The air base was used to conduct official flights and for presidential flights. Air Force Intelligence documents (AFI), recently obtained by Syria Justice and Accountability Centre, a U.S. based Syrian human rights organization, and shared with exclusively, show that senior Syrian officials approved Mezzeh as a site in 2012 for the execution of detainees who were sentenced to death by field military courts. In one document, it was suggested that executions be moved from Sednaya, the most notorious prison in the country at the time, to Mezzeh due to its "closed security compounds" near Damascus. In subsequent correspondence, a firing range was discussed as an execution site. Later on, a hangar next to the runway was also mentioned. Documents that highlight the central role played by Mezzeh during the Assad era in security show that officials requested a nylon rope, ordered the construction of a platform, and instructed the work to be done "under AFI supervision" with the utmost secrecy. SJAC conducted an investigation in 2025 that identified two graves suspected to be linked to the deaths of people detained at Mezzeh. The report stated more than 1,150 prisoners died there, some from?execution, and others by torture or maltreatment. SJAC sent a letter to the National Commission for Missing Persons in Syria on July 20, 2025, giving the coordinates for the two graves suspected inside the airport. The letter urged authorities to stop construction and excavation until these sites had been investigated. SJAC was told by the commission that Mezzeh had no plans to be refurbished or built. SJAC warned the commission on the 8th of September after the plans for redevelopment were revealed, that the removal of rubble, excavation and other works may damage human remains or evidence vital to identifying victims. SJAC said it hadn't received a reply to its second email. Amer Matar of the Syria Prisons Museum in Germany, an NGO that documents detention facilities, including those at Mezzeh said the planned work showed a lack?of respect for Syrian families, who have still not received answers about the fate of their loved ones held under Assad. Matar said: "Constructing a business airport in a location that could contain mass graves without a thorough investigation prior to construction, without site protection and without searching for missing people and their remains and without preserving any evidence is an act extreme disregard and recklessness." Questions from the?about suspected graves or land claims? were not answered by the Syrian Civil Aviation Authority, Syria's National Commission for Missing Persons, and Syria's Defense Ministry, who operate the airport. SANA quoted a spokesperson from the civil aviation authority as saying that Mezzeh’s refurbishment will take into consideration the surrounding urban area, relevant legal and socio-legal issues but did not mention graves or land right. The airport's development is not clear. Residents protest over land claims The dispute over the land where airports were built dates back decades. Private land was often expropriated by the Assads for government projects without compensation. According to records shared by the Moadamiya municipal land office, Mezzeh Airport was built on land owned by hundreds of private citizens spanning 2.76 sq km (1 square mile). Former municipal officials who did not want to be identified said that retroactive expropriation laws justified the government’s use of these lands in 1956 when the airport was built, and that no compensation had been paid. Residents of Moadamiya demonstrated a day following the announcement of redevelopment plans. Abu Khaled, an organiser of the protest, said: "We welcome investments, but we should sit at the table to discuss our share with investors and not the state." "We have a legal right to this land." Syria is being urged to deal with the confiscation of property during the Assad era. On September 2, United Nations experts on land rights appealed to Syria to suspend and repeal the laws that they claimed had enabled systematic dispossession of property under Assad and either to establish mechanisms to return their legitimate owners' properties or to provide adequate compensation.
-
A train derails near northern France, injuring at least 44 people
The French railway operator and French authorities confirmed that a train derailed in Normandy in northern France between Rouen-Caen on Friday night at around 7:30 pm local time. The head of the local authority Jean-Benoit Albertini told reporters that one of the injured was in a critical condition and had to be evacuated via helicopter. A spokesperson for the French police said that the train 'derailed after hitting an unknown object. The French railway operator SNCF said an investigation was underway to determine the cause of this accident. In a post on X, French Transport Minister Philippe Tabarot revealed that the train carried 180 passengers. He added that 140 firefighters were at the scene to help the injured passengers and drivers. The local authority,?prefecture Seine-Maritime, warned the public to avoid the area. SNCF announced that the train service between Rouen, Caen,?Caen, and Le Havre has been?suspended' and a'replacement bus services will be in place.
-
USDA report report fails in its attempt to reverse EU wheat's decline
European wheat prices fell on Friday after U.S. grain forecasts did not provide enough positive news to counteract a bearish mood that had pushed the price to a two-week low in earlier'session. The daily session for December wheat traded on Paris' Euronext ended with a loss of 1.6%, or EUR241.25 per metric ton. The benchmark contract fell to a 2-week low at EUR240.25 earlier in the day, from a contract peak of EUR259.25. The U.S. Department of Agriculture released its monthly "supply and Demand" forecasts for world wheat ending stocks on Friday. These were slightly higher than average estimates. Investors who had built up a large position in wheat were encouraged to take profits by the report's publication. Prices were also affected by diplomatic efforts to end the war between Russia and Ukraine. Commerzbank, which announced its forecasts on Friday, increased their year-end wheat prices, citing the ongoing attacks by Russia and Ukraine against each other's port. The CBOT wheat price at the end the year is now $7, up previously from $6.50, and the Euronext wheat price at EUR240, up previously from EUR220. The market is still bouncing between the bearish expectation of a stable shipping agreement in the Black Sea and the bullish expectation that Russia and Ukraine will continue to attack ports and shipping. Importers from Egypt and Libya showed an interest in small quantities of 11.5% protein wheat at $300-$305 per ton C&F for shipment between September/October. According to a trader, Pakistan's wheat tender of 750,000 tons next week will likely?attract mainly Romanian or Bulgarian offers and possibly include Ukrainian wheat that is transported overland to Romania. Pakistan could cancel the tender if prices are well above $300 per ton c&f. As Rhine water levels dropped, ships were only able to sail partially loaded and transport costs increased.
-
Poste Italiane acquires Telecom Italia for 66.6% at the end of the offer period
Poste Italiane secured a 66.6% share in Telecom Italia (TIM)'s capital. Calculations based on stock exchange data were revealed on Friday at the conclusion of the main phase for the takeover bid by the state-backed company. Poste, who had previously acquired a 20% stake in TIM, increased its cash component by 18%, to EUR1.97 a share. It also confirmed an exchange ratio of 0.218 newly -issued Poste?shares for each TIM share. At Friday's closing price, the bid was valued at around EUR13 billion. Borsa Italiana (the Italian stock exchange) reported that the take-up of the bid for the former Italian telephone monopoly had reached 58.2%. Poste waived its initial acceptance threshold of 66.67% for this upcoming?week. The offer period will reopen between September 21 and 25.
-
Tesla targets European freight market by releasing long-delayed semi truck
Tesla will bring its Semi-electric truck to Europe, expanding its reach beyond North America. It is looking to gain a foothold in the heavy-duty market where competitors already sell battery-powered models. Elon 'Musk-led 'automaker will reveal European specifications and launch information at the IAA Transportation Trade Fair in Hanover Germany next week. It said in a posting on X. The European push comes almost a decade after Tesla unveiled the Semi back in 2017. The company initially planned to produce the Semi by 2019, but this timeline was continually delayed because the company prioritized the supply of battery cells for its passenger vehicles. Tesla began limited deliveries in late 2022 to customers such as PepsiCo, including the United States. Tesla announced in April that the first "Semi" had been produced on a Nevada high-volume line. In its shareholder update for July, Tesla only stated that Semi production would start in 2026 and removed an earlier forecast of volume production this summer. Tesla's German language website lists the version of?truck that has a range up to 550km (342 miles), with a combined gross weight of 40 tonnes and an energy consumption of around 1 kilowatt hour per kilometer. The 'company' said that the truck is able to take off with electric power up to 25 kW and weighs around 9,100 kg without a cargo or trailer. The truck can recover 60% of its range within 30 minutes by using Tesla's Megacharger network, which the company claims is capable of delivering up to 800 kilowatts. Tesla also cited dedicated service centers and route-based scheduling as features that would reduce downtime.
-
QatarEnergy is seeking US LNG deals until 2031, according to sources
QatarEnergy has been in talks with several producers about securing multi-year U.S. contracts for liquefied natural gas through 2031. This is to replace the capacity that was destroyed by Iranian attacks, which will take years to fix. Two sources confirmed that discussions are underway with Venture?Global and Woodside. Sources said that the contract talks were part of QatarEnergy's effort to replace volumes lost from its Ras-Laffan facility, after Iranian strikes damaged two of its 14 gas-to liquids (GTL), and two LNG trains. QatarEnergy has also changed its approach from purchasing dozens of U.S. LNG spot cargoes in order to meet commitments made to some of their Asian clients. QatarEnergy CEO Saad al-Kaabi stated in March that the repairs will sideline 12.8 millions tons of LNG capacity per year for three to fiveyears. QatarEnergy, which halted its production in March, has renewed force majeure notifications monthly. Most recently, they were extended to November. Further extensions are possible if the Strait of Hormuz is closed, according to the sources. QatarEnergy Trading - the trading arm of QatarEnergy - which managed 10 million tonnes of the company's portfolio of LNG - is looking to achieve 2-3 million metric tonnes per annum until 2031. A fourth source stated that "They'll have to buy anything they can." QatarEnergy has not responded to an immediate request for comment. Venture Global and Cheniere declined comment while Woodside LNG stated that it would not comment on speculations about the market. According to research firm Rapidan Energy, 25 million metric tonnes of LNG are available for sale in U.S. construction projects. Rapidan data shows that Venture Global has 10 mtpa of LNG uncontracted. Cheniere, Woodside Energy, and Sempra have 6 mtpa each available. Qatar's pursuit of LNG volumes to deliver to its?customers indicates that Qatar now sees a risk in their ability to export LNG over several years, said Saul Kavonic. He is the head of energy advisory and research at MST Marquee. He added that "it signals that Qatar?considers the Strait of Hormuz disruption may prove to be longer lasting and the damage to Qatari?LNG infrastructure is more extensive than originally hoped, and it may take longer to fix." Around 80% of Qatar LNG exports are usually exported to buyers in Asia. Many clients in Asia began to look for alternatives to Qatari Gas due to the uncertainty of when flows would resume through this major waterway. According to a fifth party, some market participants are testing scenarios where no Qatari gas will be available.
-
QatarEnergy is seeking US LNG deals until 2031, according to sources
QatarEnergy has been in talks with several producers about securing multi-year contracts for?U.S. Three trading and industry sources said that QatarEnergy is negotiating with several producers to secure multi-year?U.S. Two of the sources cited said that discussions were held with Venture 'Global, Cheniere, and Woodside. Sources said that the contract talks were part of QatarEnergy's effort to replace volumes lost from its Ras-Laffan facility, after Iranian strikes damaged two of its 14 gas-to liquids (GTL), and two LNG trains. QatarEnergy has also changed its approach from purchasing dozens of U.S. LNG spot cargoes in order to meet commitments with some of their Asian clients. The company is now looking for longer-term solutions. QatarEnergy CEO Saad al-Kaabi stated in March that repairs will sideline 12.8 millions tons of LNG capacity per year for three to five more years. QatarEnergy, which halted production back in March, has issued force majeure notifications every month. The most recent extension was to November. Further?extensions are possible, as the Strait of Hormuz is still closed, according to the sources. QatarEnergy Trading is the trading arm of QatarEnergy, which managed 10 million tons of LNG for the company. One source said that the company was looking to achieve 2-3 millions metric tons annually through 2031. A fourth source stated that "They'll have to buy anything they can." QatarEnergy has not responded to an immediate request for comment. Venture Global, Cheniere and Woodside LNG declined to comment. Saul Kavonic is the head of energy research and advisory at MST Marquee. He said that Qatar sees a risk in their ability to export LNG over several years. He added that "it signals that Qatar believes the disruption of Strait of Hormuz could be longer lasting and the damage to Qatari's LNG infrastructure has been more extensive than originally hoped and repair may take longer." Around 80% of Qatar LNG exports are usually exported to Asian buyers. Many clients in Asia began to look for alternatives to Qatari gas due to the uncertainty surrounding when flows will resume through 'the major waterway. According to a fifth party, some market participants are testing scenarios where no Qatari gas will be available.
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 increase fares and review 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 "notable impacts" on its results for the first quarter.
AIRASIA X
The executives of the?Malaysian airlines said that the company has cut 10% of its flights in the group. Fuel prices have also been increased by about 20%.
AIR CANADA
The volatility in jet fuel prices has caused the largest Canadian carrier to suspend its full-year forecast.
Fuel prices have increased and the company has announced that it will reduce four of its 38 daily flights from New York.
AIR CHINA, CHINA SOUTHERN AIRLINES, CHINA EASTERN AIRLINES
China's "big three" airlines have reduced surcharges for domestic flights to 60 yuan (9 dollars) for flights less than 800 kilometers and 120 yuan (120 dollars) for those more than 800 kilometers, from respectively 10 and 20 yuan.
AIR FRANCE-KLM
The airline group has said that it expects a $2.4billion increase in fuel costs this year. It also downgraded the outlook for capacity to a 2%-4% increase from 2025. It had previously predicted a 3%-5% increase.
Cabin fares will increase by up to 59 euros (50 euros) for round-trip flights. The group announced previously that it would be increasing long-haul ticket costs to combat rising fuel prices.
KLM, the Dutch arm of the?group, announced?on 16 April that it would cancel 160 flights across Europe in a month's time due to increasing fuel prices.
AIR INDIA
Between June and August, the Indian carrier will temporarily reduce flights on several international destinations.
Bloomberg News reported that the company was considering furloughing employees who were not technical and reducing flight capacity more than 20% over 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 began. 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 it to the lower end, a loss. They also said that 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 and cost reductions will limit the impact of the increased fuel prices to about 60 billion yen. It has said that it will consider introducing a domestic surcharge for fuel in 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 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 increase fees for checked baggage in order to offset the rising costs of jet fuel. The increase will be $10 on first and third checked bags and $50 on second and fourth checked 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 (729 and 756 million dollars), including an extra 25 million pounds of fuel costs in march.
FRONTIER AERLINES The Wall Street Journal reported that a group of U.S. low-cost airlines, including Frontier, has proposed a $2.5 billion relief package 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 risen significantly since the carrier's forecast, and it has stated that it will be reviewing it.
GREATER BAY Airlines
The Hong Kong-based airline said that it will increase fuel surcharges for most routes on April 1, but 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. Charges would go from HK$284 to HK$384 for these flights.
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, cut 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, in order 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 flights by up $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 ($109-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
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. airline forecast a second-quarter loss below the market's expectations, and its CEO warned that the spike in jet fuel would cost the airline billions of dollars during the quarter.
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
Thai low-cost airline said 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 fee of 10 euros for each passenger on routes connecting Turkey with mainland Europe. The fuel surcharge will be applied to all bookings made after April 1, for departures on or 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 announced that it would furlough cabin crew in May and/or June without pay.
UNITED AIRLINES
The CEO of the?U.S. Scott Kirby, the airline's CEO, said that ticket prices could rise up to 15%-20% to offset an increase in jet fuel costs. 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 profits for the full year below Wall Street expectations. It said that it would recover only 40-50% through fares and revenue measures during the second quarter. This figure was expected to improve to 70-80% by the third quarter and up to 85-100% in the fourth.
VIETJET
Due to possible fuel shortages, the?Vietnamese low-cost airline has adjusted flight frequencies on certain routes.
VIETNAM Airline
Vietnam's Aviation Authority announced that the carrier will cancel 23 flights per week on domestic routes starting in April after it requested assistance from the government to remove a tax on jet fuel.
VIRGIN ATLANTIC
Corneel K. Koster, CEO of the Financial Times, said that although fuel surcharges will be added to fares this year, the airline still faces a struggle to become profitable.
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.
WIZZ AIR
Low-cost carrier reassessed its forecast upwards citing strong bookings in advance and quick action to offset rising fuel prices and flight cancelations by adding capacity on new and existing routes and using promotional rates. The airline had warned of a possible profit drop at the beginning of the Middle East war.
(source: Reuters)