Interglobe Aviation
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July 10 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO - INDIGO RECEIVES WARNING LETTER FROM DIRECTORATE GENERAL OF CIVIL AVIATION
INDIGO - LETTER RELATES TO CARGO SPILLAGE AND SOP DEVIATIONS UNDER DANGEROUS GOODS RULES
INDIGO - NO PENALTY, RESTRICTION, OR SANCTION IMPOSED
INDIGO - NO SIGNIFICANT IMPACT ON FINANCIALS
Source text: ID:nBSE63NHdX
Further company coverage: INGL.NS
(([email protected];))
July 10 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO - INDIGO RECEIVES WARNING LETTER FROM DIRECTORATE GENERAL OF CIVIL AVIATION
INDIGO - LETTER RELATES TO CARGO SPILLAGE AND SOP DEVIATIONS UNDER DANGEROUS GOODS RULES
INDIGO - NO PENALTY, RESTRICTION, OR SANCTION IMPOSED
INDIGO - NO SIGNIFICANT IMPACT ON FINANCIALS
Source text: ID:nBSE63NHdX
Further company coverage: INGL.NS
(([email protected];))
** Shares of IndiGo INGL.NS fall 2.3% to 5,271.50 rupees
** Stock second-biggest loser on Nifty 50 .NSEI, which is down 0.6%
** Brent crude up 2.6% at $76.1 per barrel, extending a 3% gain from the previous session, after the U.S. military launched a series of strikes against Iran MKTS/GLOB
** Higher oil price are a negative for airlines such as INGL; jet fuel makes up largest expense for carriers
** Avg rating of 24 analysts at "buy"; median PT is 5,357.50 rupees - LSEG-compiled data
** YTD, stock up 4.1% vs a 7.2% decline in Nifty 50
(Reporting by Kashish Tandon in Bengaluru)
** Shares of IndiGo INGL.NS fall 2.3% to 5,271.50 rupees
** Stock second-biggest loser on Nifty 50 .NSEI, which is down 0.6%
** Brent crude up 2.6% at $76.1 per barrel, extending a 3% gain from the previous session, after the U.S. military launched a series of strikes against Iran MKTS/GLOB
** Higher oil price are a negative for airlines such as INGL; jet fuel makes up largest expense for carriers
** Avg rating of 24 analysts at "buy"; median PT is 5,357.50 rupees - LSEG-compiled data
** YTD, stock up 4.1% vs a 7.2% decline in Nifty 50
(Reporting by Kashish Tandon in Bengaluru)
Fixes typographical error in paragraph 1
July 1 (Reuters) - Indian airline IndiGo INGL.NS said on Wednesday it has introduced lower fares for passengers travelling with only cabin baggage, as carriers seek to unbundle services to lower ticket prices.
Last month, rival Air India also introduced a basic economy fare without complimentary meals for "price-conscious travellers".
Here are some details:
Indian airlines have been grappling with higher costs after the Iran war drove up jet fuel prices, their biggest expense, while also contending with airspace closures and intensifying competition
IndiGo's entry-level fare, called 'IndiGo Lite', is a cabin bag-only fare for the airline's economy class customers
The fare will be applicable across IndiGo's domestic and international flights
The new fare will be available for booking exclusively on IndiGo's direct channels starting July 1 and will be eligible for travel effective July 15
IndiGo's Lite fare will provide passengers with a lower base price with an auto-assigned seat at no additional cost, and a cabin bag allowance of up to 7 kilograms
(Reporting by Kashish Tandon in Bengaluru; Editing by Nivedita Bhattacharjee)
(([email protected]; 8800437922;))
Fixes typographical error in paragraph 1
July 1 (Reuters) - Indian airline IndiGo INGL.NS said on Wednesday it has introduced lower fares for passengers travelling with only cabin baggage, as carriers seek to unbundle services to lower ticket prices.
Last month, rival Air India also introduced a basic economy fare without complimentary meals for "price-conscious travellers".
Here are some details:
Indian airlines have been grappling with higher costs after the Iran war drove up jet fuel prices, their biggest expense, while also contending with airspace closures and intensifying competition
IndiGo's entry-level fare, called 'IndiGo Lite', is a cabin bag-only fare for the airline's economy class customers
The fare will be applicable across IndiGo's domestic and international flights
The new fare will be available for booking exclusively on IndiGo's direct channels starting July 1 and will be eligible for travel effective July 15
IndiGo's Lite fare will provide passengers with a lower base price with an auto-assigned seat at no additional cost, and a cabin bag allowance of up to 7 kilograms
(Reporting by Kashish Tandon in Bengaluru; Editing by Nivedita Bhattacharjee)
(([email protected]; 8800437922;))
** India's low-cost carrier IndiGo's INGL.NS shares rise 22.2% in June, marking third straight monthly gain
** Stock on course for best month since August 2020
** Oil prices set to end June down by about 21% from last month's closing, on track for their biggest quarterly loss since COVID-19 pandemic
** Jet fuel is typically largest expense for airlines and sharp price swings can erode profitability
** Morgan Stanley says easing fuel and forex headwinds support INGL, but stock still underprices recovery
** Shares were up 1.1% to 5,376.1 rupees in afternoon trading
** INGL trades at forward 12-months PE of 40.1 vs industry median of 18.8
** Twenty of 24 brokerages rate stock "buy" or higher; their median PT is 5,317.5
** YTD, stock up 6.4% vs 8.4% decline in Nifty 50 Index .NSEI
(Reporting by Abhinav Parmar in Bengaluru)
(([email protected];))
** India's low-cost carrier IndiGo's INGL.NS shares rise 22.2% in June, marking third straight monthly gain
** Stock on course for best month since August 2020
** Oil prices set to end June down by about 21% from last month's closing, on track for their biggest quarterly loss since COVID-19 pandemic
** Jet fuel is typically largest expense for airlines and sharp price swings can erode profitability
** Morgan Stanley says easing fuel and forex headwinds support INGL, but stock still underprices recovery
** Shares were up 1.1% to 5,376.1 rupees in afternoon trading
** INGL trades at forward 12-months PE of 40.1 vs industry median of 18.8
** Twenty of 24 brokerages rate stock "buy" or higher; their median PT is 5,317.5
** YTD, stock up 6.4% vs 8.4% decline in Nifty 50 Index .NSEI
(Reporting by Abhinav Parmar in Bengaluru)
(([email protected];))
** Morgan Stanley raises PT on India's IndiGo INGL.NS by 10% to 6,436 rupees; keeps "overweight" rating
** Says fuel and forex headwinds are receding; industry capacity growth slower than expected
** Adds, peer losses likely to keep capacity in check, aiding pricing discipline
** INGL down 1.3% at 5,384.70 rupees on Monday
** Stock's current levels do not fully price in recovery, says Morgan Stanley; sees gains from market share, international expansion
** Avg rating of 24 analysts on INGL at "buy"; median PT is 5,317.50 rupees - LSEG-compiled data
** YTD, stock up 6.5% vs Nifty 50's .NSEI 7.9% drop
(Reporting by Kashish Tandon in Bengaluru)
** Morgan Stanley raises PT on India's IndiGo INGL.NS by 10% to 6,436 rupees; keeps "overweight" rating
** Says fuel and forex headwinds are receding; industry capacity growth slower than expected
** Adds, peer losses likely to keep capacity in check, aiding pricing discipline
** INGL down 1.3% at 5,384.70 rupees on Monday
** Stock's current levels do not fully price in recovery, says Morgan Stanley; sees gains from market share, international expansion
** Avg rating of 24 analysts on INGL at "buy"; median PT is 5,317.50 rupees - LSEG-compiled data
** YTD, stock up 6.5% vs Nifty 50's .NSEI 7.9% drop
(Reporting by Kashish Tandon in Bengaluru)
** Shares of InterGlobe Aviation, operator of India's largest airline IndiGo INGL.NS, gains 4.3% to 5431.5 rupees; up more than 8% so far this week
** INGL set to be top weekly gainer on Nifty 50 .NSEI index, which is up 0.7% for the week
** Brent crude futures fell earlier on Thursday to $72.52 a barrel, levels last seen before the Iran war broke out in late Feb; jet fuel is usually largest expense for airlines
** HSBC says INGL is well positioned in India's aviation market due to its cost competitiveness, while rival Air India faces pressure to cut costs and protect liquidity and has cut flights
** ICICI Securities cites INGL's robust scale of operations and strong balance sheet as strengths
** INGL on avg rated "buy" by 24 analysts; median PT is 5317.5 rupees - LSEG data
** YTD, INGL up 7.2%
(Reporting by Abhirami G in Bengaluru)
** Shares of InterGlobe Aviation, operator of India's largest airline IndiGo INGL.NS, gains 4.3% to 5431.5 rupees; up more than 8% so far this week
** INGL set to be top weekly gainer on Nifty 50 .NSEI index, which is up 0.7% for the week
** Brent crude futures fell earlier on Thursday to $72.52 a barrel, levels last seen before the Iran war broke out in late Feb; jet fuel is usually largest expense for airlines
** HSBC says INGL is well positioned in India's aviation market due to its cost competitiveness, while rival Air India faces pressure to cut costs and protect liquidity and has cut flights
** ICICI Securities cites INGL's robust scale of operations and strong balance sheet as strengths
** INGL on avg rated "buy" by 24 analysts; median PT is 5317.5 rupees - LSEG data
** YTD, INGL up 7.2%
(Reporting by Abhirami G in Bengaluru)
June 24 (Reuters) - ** InterGlobe Aviation's INGL.NS shares rise as much as 2.8% to 5,100.4 rupees apiece, a near six-month high, extending its June gain to about 15% and putting the IndiGo operator on track for its strongest month in three years
** Rise aided by lower crude prices and expectations that air fares stay elevated amid tight industry capacity
** HSBC says IndiGo's competitive position is improving as Air India faces pressure
** Maintains "buy" rating and target price of 5,545 rupees, implying about 12% upside over the next 12 months
** Expects domestic leisure demand to benefit from revenge travel, while corporate demand recovers more slowly due to high fares
** INGL shares are up 0.5% in 2026 so far compared to Nifty 50's .NSEI 8.2% drop, exchange data shows
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
June 24 (Reuters) - ** InterGlobe Aviation's INGL.NS shares rise as much as 2.8% to 5,100.4 rupees apiece, a near six-month high, extending its June gain to about 15% and putting the IndiGo operator on track for its strongest month in three years
** Rise aided by lower crude prices and expectations that air fares stay elevated amid tight industry capacity
** HSBC says IndiGo's competitive position is improving as Air India faces pressure
** Maintains "buy" rating and target price of 5,545 rupees, implying about 12% upside over the next 12 months
** Expects domestic leisure demand to benefit from revenge travel, while corporate demand recovers more slowly due to high fares
** INGL shares are up 0.5% in 2026 so far compared to Nifty 50's .NSEI 8.2% drop, exchange data shows
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Budget carrier IndiGo INGL.NS shares rise 4.3% to 4,911.9 rupees, at highest level since Feb 26
** Among top gainers on Nifty 50 Index .NSEI, which is up 1.4%
** Oil prices fall after U.S. and Iran agree on a framework to end their war; Brent crude futures down 4% at $83.75 a barrel
** Jet fuel typically represents largest expense for airlines, sometimes making up as much as 40% of their operating costs
** INGL trades at forward 12-month PE of 35.9 vs industry median of 19.1
** 20 of 24 brokerages rate INGL "buy" or higher; median PT is 5,277.5 rupees - data compiled by LSEG
** YTD, stock down 2.9% vs 8.3% fall in Nifty 50
(Reporting by Abhinav Parmar in Bengaluru)
(([email protected];))
** Budget carrier IndiGo INGL.NS shares rise 4.3% to 4,911.9 rupees, at highest level since Feb 26
** Among top gainers on Nifty 50 Index .NSEI, which is up 1.4%
** Oil prices fall after U.S. and Iran agree on a framework to end their war; Brent crude futures down 4% at $83.75 a barrel
** Jet fuel typically represents largest expense for airlines, sometimes making up as much as 40% of their operating costs
** INGL trades at forward 12-month PE of 35.9 vs industry median of 19.1
** 20 of 24 brokerages rate INGL "buy" or higher; median PT is 5,277.5 rupees - data compiled by LSEG
** YTD, stock down 2.9% vs 8.3% fall in Nifty 50
(Reporting by Abhinav Parmar in Bengaluru)
(([email protected];))
** Shares of InterGlobe Aviation INGL.NS, parent of Indian airline IndiGo, jump 3.75% to 4,671.50 rupees,
** Oil prices fell on Friday, extending losses from the previous session after President Donald Trump canceled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week
** Brent futures shed 1.3% to $89.17 a barrel at 0042 GMT
** India last week approved a 100 billion-rupee ($1.05 billion) fuel stabilisation fund to help keep jet fuel prices in check for airlines
** Jet fuel is among the biggest costs for airlines and can account for up to 40% of operating expenses
** Twenty-three analysts rate the stock "buy" on avg; median PT 5,277.50 rupees - data compiled by LSEG
** YTD, INGL down 7.7%
($1 = 95.2600 Indian rupees)
(Reporting by Urvi Dugar in Bengaluru)
(([email protected];))
** Shares of InterGlobe Aviation INGL.NS, parent of Indian airline IndiGo, jump 3.75% to 4,671.50 rupees,
** Oil prices fell on Friday, extending losses from the previous session after President Donald Trump canceled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week
** Brent futures shed 1.3% to $89.17 a barrel at 0042 GMT
** India last week approved a 100 billion-rupee ($1.05 billion) fuel stabilisation fund to help keep jet fuel prices in check for airlines
** Jet fuel is among the biggest costs for airlines and can account for up to 40% of operating expenses
** Twenty-three analysts rate the stock "buy" on avg; median PT 5,277.50 rupees - data compiled by LSEG
** YTD, INGL down 7.7%
($1 = 95.2600 Indian rupees)
(Reporting by Urvi Dugar in Bengaluru)
(([email protected];))
NEW DELHI, June 9 (Reuters) - India has launched a previously announced jet fuel price-stabilisation scheme for local airlines, with aviation turbine fuel to be sold to carriers at a fixed price of 115 rupees ($1.21) per litre, 10% higher than previous prices, three industry sources said. Here are some details about the scheme:
If airlines join the scheme they will have to pay the fixed price of 115 rupees/litre for up to three years, even if global prices decline, as the extra payment will be used to replenish the fund.
Airlines that do not opt in to the scheme will continue to pay market-linked prices, which may be higher or lower than the fixed price.
Indian airlines have so far not joined, two of the sources said.
Earlier this month, India approved the 100 billion rupee fund for the scheme, amid rising costs linked to the Iran war.
The support will be provided in the form of interest-free advances to oil marketing companies to cover under-recoveries - the gap between market-linked jet fuel prices and the moderated rates charged to airlines.
Jet fuel prices account for up to 40% of airlines' operating costs.
($1 = 95.3500 Indian rupees)
(Reporting by Nidhi Verma and Abhijith Ganapavaram; Editing by Hugh Lawson)
((Email: [email protected]; Mobile: +91-9019785574;))
NEW DELHI, June 9 (Reuters) - India has launched a previously announced jet fuel price-stabilisation scheme for local airlines, with aviation turbine fuel to be sold to carriers at a fixed price of 115 rupees ($1.21) per litre, 10% higher than previous prices, three industry sources said. Here are some details about the scheme:
If airlines join the scheme they will have to pay the fixed price of 115 rupees/litre for up to three years, even if global prices decline, as the extra payment will be used to replenish the fund.
Airlines that do not opt in to the scheme will continue to pay market-linked prices, which may be higher or lower than the fixed price.
Indian airlines have so far not joined, two of the sources said.
Earlier this month, India approved the 100 billion rupee fund for the scheme, amid rising costs linked to the Iran war.
The support will be provided in the form of interest-free advances to oil marketing companies to cover under-recoveries - the gap between market-linked jet fuel prices and the moderated rates charged to airlines.
Jet fuel prices account for up to 40% of airlines' operating costs.
($1 = 95.3500 Indian rupees)
(Reporting by Nidhi Verma and Abhijith Ganapavaram; Editing by Hugh Lawson)
((Email: [email protected]; Mobile: +91-9019785574;))
** Shares of IndiGo INGL.NS fall 1.7% to 4,403.9 rupees
** Bloomberg News reports budget carrier IndiGo unlikely to receive full batch of nine Airbus AIR.PA A321XLR units this year
** Report says time frame on some units pushed back by several months as Middle East war hits the planemaker's supply chain
** IndiGo did not immediately respond to a Reuters request for comment
** INGL trades at forward 12-month PE of 32.96 vs industry median of 19.34 - LSEG data
** Twenty of 24 brokerages rate the stock "buy" or higher; their median PT is 5,210 rupees
** YTD, INGL down 11.4% vs 10.6% fall in Nifty 50 Index .NSEI
(Reporting by Abhinav Parmar)
(([email protected];))
** Shares of IndiGo INGL.NS fall 1.7% to 4,403.9 rupees
** Bloomberg News reports budget carrier IndiGo unlikely to receive full batch of nine Airbus AIR.PA A321XLR units this year
** Report says time frame on some units pushed back by several months as Middle East war hits the planemaker's supply chain
** IndiGo did not immediately respond to a Reuters request for comment
** INGL trades at forward 12-month PE of 32.96 vs industry median of 19.34 - LSEG data
** Twenty of 24 brokerages rate the stock "buy" or higher; their median PT is 5,210 rupees
** YTD, INGL down 11.4% vs 10.6% fall in Nifty 50 Index .NSEI
(Reporting by Abhinav Parmar)
(([email protected];))
June 5 (Reuters) -
AIRBUS DELAYS XLR DELIVERIES TO INDIGO AS WAR HITS SUPPLY CHAIN - BLOOMBERG NEWS
INDIGO UNLIKELY TO RECEIVE THE FULL BATCH OF NINE A321XLR AIRBUS UNITS THIS YEAR - BLOOMBERG NEWS
Source text: https://tinyurl.com/mr56cpw9
Further company coverage: AIR.PA
(([email protected];))
June 5 (Reuters) -
AIRBUS DELAYS XLR DELIVERIES TO INDIGO AS WAR HITS SUPPLY CHAIN - BLOOMBERG NEWS
INDIGO UNLIKELY TO RECEIVE THE FULL BATCH OF NINE A321XLR AIRBUS UNITS THIS YEAR - BLOOMBERG NEWS
Source text: https://tinyurl.com/mr56cpw9
Further company coverage: AIR.PA
(([email protected];))
June 4 (Reuters) - IndiGo INGL.NS, India's largest airline, on Thursday said it would suspend operations to six international destinations, including Hong Kong and Shanghai, starting July 1, citing higher operating costs and broader pressure from continued airspace restrictions.
The move comes a week after IndiGo reported a fourth-quarter loss, largely due to higher jet fuel costs.
The Iran conflict has disrupted air travel through airspace closures, longer flight reroutings and a sharp rise in jet fuel prices, increasing cost pressures on airlines globally.
Pakistan's airspace ban on Indian carriers, imposed amid military tensions last year, has also increased flight times and operating costs.
IndiGo said it has suspended flights to Langkawi (Malaysia), Krabi (Thailand), Ho Chi Minh City (Vietnam) and Siem Reap (Cambodia).
The company added traditionally softer demand for these destinations in the quarter also spurred the cuts, but it plans to reopen bookings from October 1, or earlier if conditions improve.
Despite the cuts, the airline said it will continue operating more than 1,800 international flights a week.
In May, CFO Gaurav Negi said the airline may consider fuel hedging amid the ongoing geopolitical uncertainty.
Reuters last week reported IndiGo had cut its planned domestic flights for June and July by 7-10%. Rival Air India has cut 22% of domestic flights for the same period.
Air India also reduced services on several international routes in May, citing similar operational challenges.
($1 = 95.7850 Indian rupees)
(Reporting by Abhirami G in Bengaluru; Editing by Vijay Kishore)
June 4 (Reuters) - IndiGo INGL.NS, India's largest airline, on Thursday said it would suspend operations to six international destinations, including Hong Kong and Shanghai, starting July 1, citing higher operating costs and broader pressure from continued airspace restrictions.
The move comes a week after IndiGo reported a fourth-quarter loss, largely due to higher jet fuel costs.
The Iran conflict has disrupted air travel through airspace closures, longer flight reroutings and a sharp rise in jet fuel prices, increasing cost pressures on airlines globally.
Pakistan's airspace ban on Indian carriers, imposed amid military tensions last year, has also increased flight times and operating costs.
IndiGo said it has suspended flights to Langkawi (Malaysia), Krabi (Thailand), Ho Chi Minh City (Vietnam) and Siem Reap (Cambodia).
The company added traditionally softer demand for these destinations in the quarter also spurred the cuts, but it plans to reopen bookings from October 1, or earlier if conditions improve.
Despite the cuts, the airline said it will continue operating more than 1,800 international flights a week.
In May, CFO Gaurav Negi said the airline may consider fuel hedging amid the ongoing geopolitical uncertainty.
Reuters last week reported IndiGo had cut its planned domestic flights for June and July by 7-10%. Rival Air India has cut 22% of domestic flights for the same period.
Air India also reduced services on several international routes in May, citing similar operational challenges.
($1 = 95.7850 Indian rupees)
(Reporting by Abhirami G in Bengaluru; Editing by Vijay Kishore)
** Shares of InterGlobe Aviation INGL.NS, operator of India's IndiGo airline turn positive, hitting a day's high of about 2.13% at 4516.20 rupees
** Stock reverses course after India cabinet approves 100 billion rupees ($1.05 billion) for an aviation fuel price stabilisation fund
** Shares of budget carrier SpiceJet SPJT.BO also turned positive, jumping 4.9% to 12.79 rupees after the news
** Aviation turbine fuel is among the largest operating costs for airlines
** Last month, Indigo said it was considering fuel hedging after rising crude prices squeezed margins and pushed it to a quarterly loss
** YTD INGL down 10.10% while SPJT fell 59.21%
(Reporting by Surbhi Misra in Bengaluru)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
** Shares of InterGlobe Aviation INGL.NS, operator of India's IndiGo airline turn positive, hitting a day's high of about 2.13% at 4516.20 rupees
** Stock reverses course after India cabinet approves 100 billion rupees ($1.05 billion) for an aviation fuel price stabilisation fund
** Shares of budget carrier SpiceJet SPJT.BO also turned positive, jumping 4.9% to 12.79 rupees after the news
** Aviation turbine fuel is among the largest operating costs for airlines
** Last month, Indigo said it was considering fuel hedging after rising crude prices squeezed margins and pushed it to a quarterly loss
** YTD INGL down 10.10% while SPJT fell 59.21%
(Reporting by Surbhi Misra in Bengaluru)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
June 2 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO - INDIGO TO TEMPORARILY DISCONTINUE MANCHESTER FLIGHTS STARTING 31 AUGUST 2026
INDIGO - CO PLANS TO RETURN ONE OF THE SIX BOEING 787-9 DREAMLINER AIRCRAŌ, TAKEN ON DAMP / WET LEASE, TO NORSE ATLANTIC AIRWAYS
Source text: ID:nBSE66Ngyq
Further company coverage: INGL.NS
(([email protected];))
June 2 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO - INDIGO TO TEMPORARILY DISCONTINUE MANCHESTER FLIGHTS STARTING 31 AUGUST 2026
INDIGO - CO PLANS TO RETURN ONE OF THE SIX BOEING 787-9 DREAMLINER AIRCRAŌ, TAKEN ON DAMP / WET LEASE, TO NORSE ATLANTIC AIRWAYS
Source text: ID:nBSE66Ngyq
Further company coverage: INGL.NS
(([email protected];))
May 29 - Interglobe Aviation Ltd INGL.NS:
WILL PASS ON HIGHER FUEL CHARGE DOMESTICALLY AND INTERNATIONALLY
WILL EXPLORE IF FUEL HEDGING IS AN OPTION
Source text: [ID:]
Further company coverage: INGL.NS
May 29 - Interglobe Aviation Ltd INGL.NS:
WILL PASS ON HIGHER FUEL CHARGE DOMESTICALLY AND INTERNATIONALLY
WILL EXPLORE IF FUEL HEDGING IS AN OPTION
Source text: [ID:]
Further company coverage: INGL.NS
May 27 (Reuters) - Indian carriers Air India and Indigo INGL.NS will scale down their domestic operations from June 1 for three months, The New Indian Express reported on Wednesday, citing sources familiar with the matter.
Air India will reduce up to 15% of its domestic capacity, while IndiGo plans to cut services by 5% to 7%, the report added, citing higher aviation turbine fuel prices following the outbreak of the war in Iran, along with a seasonal slump after the school holiday period.
(Reporting by Ananya Palyekar in Bengaluru; Editing by Sherry Jacob-Phillips)
(([email protected];))
May 27 (Reuters) - Indian carriers Air India and Indigo INGL.NS will scale down their domestic operations from June 1 for three months, The New Indian Express reported on Wednesday, citing sources familiar with the matter.
Air India will reduce up to 15% of its domestic capacity, while IndiGo plans to cut services by 5% to 7%, the report added, citing higher aviation turbine fuel prices following the outbreak of the war in Iran, along with a seasonal slump after the school holiday period.
(Reporting by Ananya Palyekar in Bengaluru; Editing by Sherry Jacob-Phillips)
(([email protected];))
May 26 (Reuters) - Interglobe Aviation Ltd INGL.NS:
SMOKE NOTICED IN INDIGO FLIGHT 6E 6017 FROM BENGALURU TO CHENNAI WHEN TAXING OUT TO RUNWAY FOR DEPARTURE - SPOKESPERSON
IMMEDIATE EVACUATION CARRIED OUT IN INDIGO FLIGHT 6E 6017, ALL CUSTOMERS, CREW ARE SAFE - CO SPOKESPERSON
Source text: [ID:]
Further company coverage: INGL.NS
(([email protected];))
May 26 (Reuters) - Interglobe Aviation Ltd INGL.NS:
SMOKE NOTICED IN INDIGO FLIGHT 6E 6017 FROM BENGALURU TO CHENNAI WHEN TAXING OUT TO RUNWAY FOR DEPARTURE - SPOKESPERSON
IMMEDIATE EVACUATION CARRIED OUT IN INDIGO FLIGHT 6E 6017, ALL CUSTOMERS, CREW ARE SAFE - CO SPOKESPERSON
Source text: [ID:]
Further company coverage: INGL.NS
(([email protected];))
May 19 (Reuters) -
INDIA’S AIRLINES HAVE ASKED STATE-RUN OIL REFINERS TO HOLD OFF ON HIKING JET FUEL PRICES FOR DOMESTIC FLIGHTS - BLOOMBERG NEWS
Source text: https://tinyurl.com/rdayn6bh
Further company coverage: INGL.NS
(([email protected];))
May 19 (Reuters) -
INDIA’S AIRLINES HAVE ASKED STATE-RUN OIL REFINERS TO HOLD OFF ON HIKING JET FUEL PRICES FOR DOMESTIC FLIGHTS - BLOOMBERG NEWS
Source text: https://tinyurl.com/rdayn6bh
Further company coverage: INGL.NS
(([email protected];))
Updates AirAsia X, Air New Zealand, Cebu Air, Chinese airlines; adds Ryanair.
May 15 (Reuters) - A surge in jet fuel prices from $85-$90 to $150-$200 per barrel amid the U.S.-Israeli war against Iran has blindsided the aviation industry, where fuel accounts for up to a quarter of operating expenses, forcing airlines to raise fares and revise financial outlooks.
Below is a list of how airlines are responding, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
The Greek airline expects suspended Middle East flights and a spike in fuel prices to have a "notable impact" on its first-quarter results.
AIRASIA X AIRX.KL
The Malaysian carrier said it would suspend services on routes between Melbourne and Denpasar and Adelaide and Denpasar from June 18 due to increased fuel prices.
Executives previously said the airline had cut 10% of flights and introduced a surcharge of about 20% on fuel.
AIR CANADA AC.TO
Canada's largest carrier has suspended its full-year guidance due to fuel price volatility.
It had previously announced plans to trim four of its 38 daily flights to New York due to higher fuel prices.
AIR CHINA 601111.SS, CHINA SOUTHERN AIRLINES 600029.SS, REGIONAL CHINESE CARRIERS
Chinese airlines will raise fuel surcharges for domestic flights from May 16, with surcharges for domestic flights of 800 km (500 miles) or less to rise by 30 to 90 yuan ($4 to $13). For longer domestic routes, surcharges will increase by 50 to 170 yuan.
AIR FRANCE-KLM AIRF.PA
The airline group expects a $2.4 billion increase in its fuel bill this year. It downgraded its full-year capacity outlook to an increase of 2% to 4%, having previously guided for 3% to 5% growth.
It earlier announced plans to increase long-haul ticket prices to address surging fuel costs, with cabin fares set to rise by 50 euros ($58) per round trip.
The group's Dutch arm KLM said on April 16 it would cancel 160 flights in Europe in the coming month due to rising fuel costs.
AIR INDIA
The Indian carrier will temporarily cut flights on several international routes between June and August.
Bloomberg News previously reported the airline had discussed furloughing non-technical employees and cutting flight capacity by more than 20% for the next three months.
Air India also said it would revise its fuel surcharge from a flat domestic surcharge to a distance-based grid. It said surcharges on international routes did not compensate for the exponential rise in fuel prices.
AIR NEW ZEALAND AIR.NZ
The New Zealand-based airline forecast its largest pre-tax annual loss in four years and said it would review its capital spending plans and the timing of aircraft deliveries to better align with demand and market conditions.
The carrier has hiked fares and consolidated capacity thrice, having been one of the first to announce broad increases to ticket prices when the conflict broke out. It warned there could be further capacity consolidation if fuel prices stay high.
AIR TRANSAT TRZ.TO
The Canadian airline said it would reduce planned capacity by 6% from May to October this year, with cuts expected on routes to Europe and the Caribbean, and with its service to Cuba remaining suspended until October.
AKASA AIR
India's Akasa Air introduced a fuel surcharge ranging between 199 and 1,300 Indian rupees ($2 to $14) on domestic and international flights.
ALASKA AIR ALK.N
The U.S. airline launched a $500 million debt offering as the sharp rise in fuel prices puts pressure on margins.
The carrier previously withdrew its full-year profit forecast and warned of a steep hit to second-quarter earnings. It has also trimmed capacity in some markets.
AMERICAN AIRLINES AAL.O
The U.S. carrier slashed its 2026 profit forecast, pushing the lower end of expectations to a loss, and said it expected the jet fuel bill to increase by more than $4 billion this year.
It has hiked checked baggage fees by $10 each for the first and second bags and by $150 for the third bag on domestic and short-haul international flights, and trimmed certain benefits for economy passengers.
ANA 9202.T
The Japanese airline said higher fuel prices would lift costs by about 140 billion yen ($883 million) this year, though hedging, fares and cost cuts are expected to limit the impact to around 60 billion yen. It is also considering a domestic fuel surcharge for the financial year starting in April 2027.
ASIANA AIRLINES 020560.KS
The South Korean airline will slash 22 flights between April and July due to the fuel cost increase, Newsis reported.
CATHAY PACIFIC 0293.HK
The Hong Kong airline will lower fuel surcharges for most passenger flights from May 16 as part of an "agile response" to the volatility of jet fuel prices, it said.
CEBU AIR CEB.PS
The Philippines-based airline said it had implemented fare adjustments and surcharges across parts of its network in response to fuel price pressures.
DELTA AIR LINES DAL.N
Delta said it would cut capacity by around 3.5 percentage points from its original plan and raise fees for checked bags in an attempt to offset jet fuel costs, with an increase of $10 on first and second checked bags and a $50 increase on the third.
The U.S. airline pulled all planned capacity growth for the second quarter and forecast profit below Wall Street expectations.
EASYJET EZJ.L
EasyJet warned of a bigger half-year pre-tax loss of 540-560 million pounds ($721-748 million), including 25 million pounds in extra fuel costs in March.
FRONTIER AIRLINES ULCC.O
A group of U.S. budget airlines including Frontier has pitched a $2.5 billion relief plan to the U.S. government, the Wall Street Journal reported. The figure is based on how much more the group expects to pay for jet fuel this year compared to earlier forecasts, the report said.
The carrier has said it is reviewing its full-year forecast as fuel prices have increased significantly since it issued it.
GREATER BAY AIRLINES
The Hong Kong-based company said it would raise fuel surcharges on most routes from April 1, while keeping them unchanged on mainland China and Japan routes.
HONG KONG AIRLINES
The airline said it would raise fuel surcharges by up to 35% from March 12, with the sharpest increase on flights between Hong Kong and the Maldives, Bangladesh and Nepal, where charges would rise to HK$384 ($49) from HK$284.
IAG ICAG.L
British Airways-owner IAG warned its annual profit would be lower than forecast, as soaring jet fuel costs and supply disruptions weigh on earnings more than expected.
It previously said it would raise ticket prices to reflect higher fuel costs, as, despite fuel hedges, it was "not immune" to the broader fallout from fuel cost volatility.
INDIGO INGL.NS
India's biggest airline said it would introduce fuel charges on domestic and international flights from March 14, including a charge of 900 rupees for flights to the Middle East and a charge of 2,300 rupees for flights to Europe.
JETBLUE AIRWAYS JBLU.O
JetBlue suspended its full-year outlook and said it would slow hiring, cut capacity and hike fares to soften the impact of soaring fuel costs.
KOREAN AIR
The South Korean carrier entered an emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters.
LATAM AIRLINES LTM.SN
The Chile-based carrier cut its 2026 core earnings forecast after higher fuel prices drove up costs.
LUFTHANSA LHAG.DE
The German airline group said it would face a 1.7 billion euro hit from jet fuel prices in 2026.
ITA Airways, a part of the group, said it would raise ticket prices between 5% and 10% in 2026 to compensate for the rising fuel costs.
In April, the Lufthansa group unveiled a new "Economy Basic" low-cost fare option for short- and medium-haul flights, which will limit free carry-on bags to only a "laptop bag or a small backpack".
It previously removed 20,000 short-haul flights from its schedule through October, saying it was equivalent to about 40,000 metric tons of jet fuel.
PAKISTAN INTERNATIONAL AIRLINES
The carrier said it would raise domestic flight fares by $20 and international fares by up to $100, citing higher fuel surcharges.
QANTAS AIRWAYS QAN.AX
Australia's Qantas said it had delayed a planned A$150 million ($107 million) buyback and was raising its estimated fuel bill for the second half of 2026 to A$3.1-3.3 billion, from a previous A$2.5 billion forecast.
RYANAIR RYA.I
Ryanair CEO Michael O'Leary warned the low-cost airline's profit may come under "a bit of pressure" in the fiscal year ending March 2027 if oil prices remain at high levels.
SAS
The Scandinavian airline said it would cancel 1,000 flights in April because of high oil and jet fuel prices, after cancelling a "couple hundred" flights in March.
SPIRIT AIRLINES
The U.S. low-cost carrier shut down abruptly after collapsing under financial pressures, including the sharp rise in fuel costs.
SPRING AIRLINES 601021.SS
The Chinese budget airline said it would raise fuel surcharges on domestic flights from April 5.
SOUTHWEST AIRLINES LUV.N
The U.S. carrier forecast second-quarter profit below market expectations and its CEO warned the fuel spike would be a billion-dollar headwind for the airline in the quarter.
It previously hiked checked baggage fees by $10 for the first and second bags, raising costs to $45 for the first bag and $55 for the second.
TAP
The Portuguese airline said price hikes would partially mitigate the impact of fuel price changes on its revenue.
THAI AIRASIA
The Thai low-cost carrier said it would reduce overall seat capacity by an average of 30% between May and June to mitigate the impact of fuel prices and softening demand.
THAI AIRWAYS THAI.BK
The Thailand-based carrier said it would raise fares by 10% to 15% to address rising fuel costs.
TUI TUI1n.DE
The European airline and tour operator cut its full-year underlying profit outlook and suspended revenue guidance, saying it had incurred about 40 million euros in extra costs due to the war in March, including repatriation efforts and operational disruptions.
TURKISH AIRLINES THYAO.IS, LUFTHANSA LHAG.DE
SunExpress, a joint venture between Turkish Airlines and Lufthansa, said it would impose a temporary fuel surcharge of 10 euros per passenger on routes between Turkey and mainland Europe. The surcharge will apply to bookings made on or after April 1 for departures on or after May 1.
Turkish Airlines said on April 10 it had decided not to distribute any dividend from its 2025 net profit, opting to retain earnings to preserve cash.
T'WAY AIR 091810.KS
The South Korean low-cost carrier said it planned to furlough some of its cabin crew without pay in May and June as part of measures to address the impact of the war.
UNITED AIRLINES UAL.O
The U.S. airline's CEO Scott Kirby said ticket prices may need to rise by as much as 15% to 20% to offset a surge in fuel costs. The company already instated five fare increases late in the first quarter, along with higher baggage fees, which it said had started to offset rising fuel costs.
The carrier also forecast second-quarter and full-year profits below Wall Street estimates and said it expected to recover only 40-50% of the increase in fuel prices through fares and other revenue measures in the second quarter, improving to 70-80% in the third and to as much as 85-100% by the fourth.
VIETJET VJC.HM
The Vietnamese budget airline said it had adjusted flight frequency on selected routes due to potential fuel shortages.
VIETNAM AIRLINES HVN.HM
The carrier plans to cancel 23 flights per week across domestic routes from April, Vietnam's aviation authority said, after the airline requested government assistance to remove an environmental tax on jet fuel.
VIRGIN ATLANTIC
The airline is adding fuel surcharges to fares but will still struggle to return to profitability this year, CEO Corneel Koster told the Financial Times.
VIRGIN AUSTRALIA VGN.AX
Virgin Australia said it expected an increase in fuel costs of around A$30-40 million for the second half of this fiscal year, and a 1% reduction in capacity in the fourth quarter.
VOLOTEA
The Spanish low-cost airline introduced a new pricing policy linking ticket prices to fuel costs, which could potentially add a post-purchase surcharge of up to 14 euros per passenger, per flight.
WESTJET
The Canadian airline has cut seat capacity for June, the Globe and Mail reported. The Canadian Press previously reported that the carrier would add a C$60 ($44) fuel surcharge to some bookings and combine flights as costs soar.
WIZZ AIR WIZZ.L
The low-cost carrier revised its guidance upwards, citing strong forward bookings and swift action to offset soaring fuel prices and flight cancellations by adding capacity on existing and new routes and using promotional fares. It had issued a profit warning at the start of the Iran war.
($1 = 6.8092 Chinese yuan renminbi)
($1 = 0.8598 euros)
($1 = 95.9650 Indian rupees)
($1 = 158.5600 yen)
($1 = 0.7488 pounds)
($1 = 7.8312 Hong Kong dollars)
($1 = 1.3984 Australian dollars)
($1 = 1.3751 Canadian dollars)
(Reporting by Aishwarya Jain, Bernadette Hogg, Dimitri Rhodes, Mireia Merino and Marleen Kaesebier; Editing by Matt Scuffham, Milla Nissi-Prussak, Leroy Leo, Hugh Lawson and Nick Zieminski)
Updates AirAsia X, Air New Zealand, Cebu Air, Chinese airlines; adds Ryanair.
May 15 (Reuters) - A surge in jet fuel prices from $85-$90 to $150-$200 per barrel amid the U.S.-Israeli war against Iran has blindsided the aviation industry, where fuel accounts for up to a quarter of operating expenses, forcing airlines to raise fares and revise financial outlooks.
Below is a list of how airlines are responding, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
The Greek airline expects suspended Middle East flights and a spike in fuel prices to have a "notable impact" on its first-quarter results.
AIRASIA X AIRX.KL
The Malaysian carrier said it would suspend services on routes between Melbourne and Denpasar and Adelaide and Denpasar from June 18 due to increased fuel prices.
Executives previously said the airline had cut 10% of flights and introduced a surcharge of about 20% on fuel.
AIR CANADA AC.TO
Canada's largest carrier has suspended its full-year guidance due to fuel price volatility.
It had previously announced plans to trim four of its 38 daily flights to New York due to higher fuel prices.
AIR CHINA 601111.SS, CHINA SOUTHERN AIRLINES 600029.SS, REGIONAL CHINESE CARRIERS
Chinese airlines will raise fuel surcharges for domestic flights from May 16, with surcharges for domestic flights of 800 km (500 miles) or less to rise by 30 to 90 yuan ($4 to $13). For longer domestic routes, surcharges will increase by 50 to 170 yuan.
AIR FRANCE-KLM AIRF.PA
The airline group expects a $2.4 billion increase in its fuel bill this year. It downgraded its full-year capacity outlook to an increase of 2% to 4%, having previously guided for 3% to 5% growth.
It earlier announced plans to increase long-haul ticket prices to address surging fuel costs, with cabin fares set to rise by 50 euros ($58) per round trip.
The group's Dutch arm KLM said on April 16 it would cancel 160 flights in Europe in the coming month due to rising fuel costs.
AIR INDIA
The Indian carrier will temporarily cut flights on several international routes between June and August.
Bloomberg News previously reported the airline had discussed furloughing non-technical employees and cutting flight capacity by more than 20% for the next three months.
Air India also said it would revise its fuel surcharge from a flat domestic surcharge to a distance-based grid. It said surcharges on international routes did not compensate for the exponential rise in fuel prices.
AIR NEW ZEALAND AIR.NZ
The New Zealand-based airline forecast its largest pre-tax annual loss in four years and said it would review its capital spending plans and the timing of aircraft deliveries to better align with demand and market conditions.
The carrier has hiked fares and consolidated capacity thrice, having been one of the first to announce broad increases to ticket prices when the conflict broke out. It warned there could be further capacity consolidation if fuel prices stay high.
AIR TRANSAT TRZ.TO
The Canadian airline said it would reduce planned capacity by 6% from May to October this year, with cuts expected on routes to Europe and the Caribbean, and with its service to Cuba remaining suspended until October.
AKASA AIR
India's Akasa Air introduced a fuel surcharge ranging between 199 and 1,300 Indian rupees ($2 to $14) on domestic and international flights.
ALASKA AIR ALK.N
The U.S. airline launched a $500 million debt offering as the sharp rise in fuel prices puts pressure on margins.
The carrier previously withdrew its full-year profit forecast and warned of a steep hit to second-quarter earnings. It has also trimmed capacity in some markets.
AMERICAN AIRLINES AAL.O
The U.S. carrier slashed its 2026 profit forecast, pushing the lower end of expectations to a loss, and said it expected the jet fuel bill to increase by more than $4 billion this year.
It has hiked checked baggage fees by $10 each for the first and second bags and by $150 for the third bag on domestic and short-haul international flights, and trimmed certain benefits for economy passengers.
ANA 9202.T
The Japanese airline said higher fuel prices would lift costs by about 140 billion yen ($883 million) this year, though hedging, fares and cost cuts are expected to limit the impact to around 60 billion yen. It is also considering a domestic fuel surcharge for the financial year starting in April 2027.
ASIANA AIRLINES 020560.KS
The South Korean airline will slash 22 flights between April and July due to the fuel cost increase, Newsis reported.
CATHAY PACIFIC 0293.HK
The Hong Kong airline will lower fuel surcharges for most passenger flights from May 16 as part of an "agile response" to the volatility of jet fuel prices, it said.
CEBU AIR CEB.PS
The Philippines-based airline said it had implemented fare adjustments and surcharges across parts of its network in response to fuel price pressures.
DELTA AIR LINES DAL.N
Delta said it would cut capacity by around 3.5 percentage points from its original plan and raise fees for checked bags in an attempt to offset jet fuel costs, with an increase of $10 on first and second checked bags and a $50 increase on the third.
The U.S. airline pulled all planned capacity growth for the second quarter and forecast profit below Wall Street expectations.
EASYJET EZJ.L
EasyJet warned of a bigger half-year pre-tax loss of 540-560 million pounds ($721-748 million), including 25 million pounds in extra fuel costs in March.
FRONTIER AIRLINES ULCC.O
A group of U.S. budget airlines including Frontier has pitched a $2.5 billion relief plan to the U.S. government, the Wall Street Journal reported. The figure is based on how much more the group expects to pay for jet fuel this year compared to earlier forecasts, the report said.
The carrier has said it is reviewing its full-year forecast as fuel prices have increased significantly since it issued it.
GREATER BAY AIRLINES
The Hong Kong-based company said it would raise fuel surcharges on most routes from April 1, while keeping them unchanged on mainland China and Japan routes.
HONG KONG AIRLINES
The airline said it would raise fuel surcharges by up to 35% from March 12, with the sharpest increase on flights between Hong Kong and the Maldives, Bangladesh and Nepal, where charges would rise to HK$384 ($49) from HK$284.
IAG ICAG.L
British Airways-owner IAG warned its annual profit would be lower than forecast, as soaring jet fuel costs and supply disruptions weigh on earnings more than expected.
It previously said it would raise ticket prices to reflect higher fuel costs, as, despite fuel hedges, it was "not immune" to the broader fallout from fuel cost volatility.
INDIGO INGL.NS
India's biggest airline said it would introduce fuel charges on domestic and international flights from March 14, including a charge of 900 rupees for flights to the Middle East and a charge of 2,300 rupees for flights to Europe.
JETBLUE AIRWAYS JBLU.O
JetBlue suspended its full-year outlook and said it would slow hiring, cut capacity and hike fares to soften the impact of soaring fuel costs.
KOREAN AIR
The South Korean carrier entered an emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters.
LATAM AIRLINES LTM.SN
The Chile-based carrier cut its 2026 core earnings forecast after higher fuel prices drove up costs.
LUFTHANSA LHAG.DE
The German airline group said it would face a 1.7 billion euro hit from jet fuel prices in 2026.
ITA Airways, a part of the group, said it would raise ticket prices between 5% and 10% in 2026 to compensate for the rising fuel costs.
In April, the Lufthansa group unveiled a new "Economy Basic" low-cost fare option for short- and medium-haul flights, which will limit free carry-on bags to only a "laptop bag or a small backpack".
It previously removed 20,000 short-haul flights from its schedule through October, saying it was equivalent to about 40,000 metric tons of jet fuel.
PAKISTAN INTERNATIONAL AIRLINES
The carrier said it would raise domestic flight fares by $20 and international fares by up to $100, citing higher fuel surcharges.
QANTAS AIRWAYS QAN.AX
Australia's Qantas said it had delayed a planned A$150 million ($107 million) buyback and was raising its estimated fuel bill for the second half of 2026 to A$3.1-3.3 billion, from a previous A$2.5 billion forecast.
RYANAIR RYA.I
Ryanair CEO Michael O'Leary warned the low-cost airline's profit may come under "a bit of pressure" in the fiscal year ending March 2027 if oil prices remain at high levels.
SAS
The Scandinavian airline said it would cancel 1,000 flights in April because of high oil and jet fuel prices, after cancelling a "couple hundred" flights in March.
SPIRIT AIRLINES
The U.S. low-cost carrier shut down abruptly after collapsing under financial pressures, including the sharp rise in fuel costs.
SPRING AIRLINES 601021.SS
The Chinese budget airline said it would raise fuel surcharges on domestic flights from April 5.
SOUTHWEST AIRLINES LUV.N
The U.S. carrier forecast second-quarter profit below market expectations and its CEO warned the fuel spike would be a billion-dollar headwind for the airline in the quarter.
It previously hiked checked baggage fees by $10 for the first and second bags, raising costs to $45 for the first bag and $55 for the second.
TAP
The Portuguese airline said price hikes would partially mitigate the impact of fuel price changes on its revenue.
THAI AIRASIA
The Thai low-cost carrier said it would reduce overall seat capacity by an average of 30% between May and June to mitigate the impact of fuel prices and softening demand.
THAI AIRWAYS THAI.BK
The Thailand-based carrier said it would raise fares by 10% to 15% to address rising fuel costs.
TUI TUI1n.DE
The European airline and tour operator cut its full-year underlying profit outlook and suspended revenue guidance, saying it had incurred about 40 million euros in extra costs due to the war in March, including repatriation efforts and operational disruptions.
TURKISH AIRLINES THYAO.IS, LUFTHANSA LHAG.DE
SunExpress, a joint venture between Turkish Airlines and Lufthansa, said it would impose a temporary fuel surcharge of 10 euros per passenger on routes between Turkey and mainland Europe. The surcharge will apply to bookings made on or after April 1 for departures on or after May 1.
Turkish Airlines said on April 10 it had decided not to distribute any dividend from its 2025 net profit, opting to retain earnings to preserve cash.
T'WAY AIR 091810.KS
The South Korean low-cost carrier said it planned to furlough some of its cabin crew without pay in May and June as part of measures to address the impact of the war.
UNITED AIRLINES UAL.O
The U.S. airline's CEO Scott Kirby said ticket prices may need to rise by as much as 15% to 20% to offset a surge in fuel costs. The company already instated five fare increases late in the first quarter, along with higher baggage fees, which it said had started to offset rising fuel costs.
The carrier also forecast second-quarter and full-year profits below Wall Street estimates and said it expected to recover only 40-50% of the increase in fuel prices through fares and other revenue measures in the second quarter, improving to 70-80% in the third and to as much as 85-100% by the fourth.
VIETJET VJC.HM
The Vietnamese budget airline said it had adjusted flight frequency on selected routes due to potential fuel shortages.
VIETNAM AIRLINES HVN.HM
The carrier plans to cancel 23 flights per week across domestic routes from April, Vietnam's aviation authority said, after the airline requested government assistance to remove an environmental tax on jet fuel.
VIRGIN ATLANTIC
The airline is adding fuel surcharges to fares but will still struggle to return to profitability this year, CEO Corneel Koster told the Financial Times.
VIRGIN AUSTRALIA VGN.AX
Virgin Australia said it expected an increase in fuel costs of around A$30-40 million for the second half of this fiscal year, and a 1% reduction in capacity in the fourth quarter.
VOLOTEA
The Spanish low-cost airline introduced a new pricing policy linking ticket prices to fuel costs, which could potentially add a post-purchase surcharge of up to 14 euros per passenger, per flight.
WESTJET
The Canadian airline has cut seat capacity for June, the Globe and Mail reported. The Canadian Press previously reported that the carrier would add a C$60 ($44) fuel surcharge to some bookings and combine flights as costs soar.
WIZZ AIR WIZZ.L
The low-cost carrier revised its guidance upwards, citing strong forward bookings and swift action to offset soaring fuel prices and flight cancellations by adding capacity on existing and new routes and using promotional fares. It had issued a profit warning at the start of the Iran war.
($1 = 6.8092 Chinese yuan renminbi)
($1 = 0.8598 euros)
($1 = 95.9650 Indian rupees)
($1 = 158.5600 yen)
($1 = 0.7488 pounds)
($1 = 7.8312 Hong Kong dollars)
($1 = 1.3984 Australian dollars)
($1 = 1.3751 Canadian dollars)
(Reporting by Aishwarya Jain, Bernadette Hogg, Dimitri Rhodes, Mireia Merino and Marleen Kaesebier; Editing by Matt Scuffham, Milla Nissi-Prussak, Leroy Leo, Hugh Lawson and Nick Zieminski)
Updates Air India, adds Wizz Air
May 13 (Reuters) - A surge in jet fuel prices from $85-$90 to $150-$200 per barrel amid the U.S.-Israeli war against Iran has blindsided the aviation industry, where fuel accounts for up to a quarter of operating expenses, forcing airlines to raise fares and revise their financial outlooks.
Below is a list of how airlines are responding, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
The Greek airline expects suspended Middle East flights and a spike in fuel prices to have a "notable impact" on its first-quarter results.
AIRASIA X AIRX.KL
The Malaysian airline's executives said the company had cut 10% of flights across the group, with a surcharge of about 20% on fuel in general.
AIR CANADA AC.TO
Canada's largest carrier has suspended its full-year guidance due to jet fuel price volatility.
The company had previously announced plans to trim four of its 38 daily flights to New York due to higher fuel prices.
AIR CHINA 601111.SS, CHINA SOUTHERN AIRLINES 600029.SS, CHINA EASTERN AIRLINES 600115.SS
China's 'big three' airlines have lifted surcharges on domestic routes to 60 yuan ($9) for flights under 800 km and 120 yuan for those over 800 km, from 10 yuan and 20 yuan, respectively.
AIR FRANCE-KLM AIRF.PA
The airline group said it expected a $2.4 billion increase in its fuel bill this year and downgraded its capacity outlook to an increase of 2% to 4% from 2025. It previously expected an increase of 3% to 5%.
The group previously announced plans to increase long-haul ticket prices to address surging fuel costs, with cabin fares set to rise by 50 euros ($59) per round trip.
The group's Dutch arm KLM said on April 16 it would cancel 160 flights in Europe in the coming month due to rising fuel costs.
AIR INDIA
The Indian carrier will temporarily cut flights on several international routes between June and August.
Bloomberg News previously reported the company had discussed furloughing non-technical employees and cutting flight capacity by more than 20% for the next three months.
The company also said it would revise its fuel surcharge from a flat domestic surcharge to a distance-based grid. It said surcharges on international routes did not compensate for the exponential rise in fuel prices.
AIR NEW ZEALAND AIR.NZ
The airline said on April 7 it would slash flights through May and June and hike fares, having been one of the first to announce broad increases to ticket prices when the conflict broke out. It also suspended its full-year earnings forecast due to fuel market volatility.
AIR TRANSAT TRZ.TO
The Canadian airline said it would reduce planned capacity by 6% from May until October this year, with cuts expected on routes to Europe and the Caribbean and its service to Cuba remaining suspended until October.
AKASA AIR
India's Akasa Air said it was introducing a fuel surcharge ranging between 199 and 1,300 Indian rupees ($2 to $14) on domestic and international flights.
ALASKA AIR ALK.N
The U.S. airline launched a $500 million debt offering as the sharp rise in fuel prices puts pressure on margins.
The carrier previously withdrew its full-year profit forecast and warned of a steep hit to second-quarter earnings. It has also trimmed capacity in some markets.
AMERICAN AIRLINES AAL.O
The U.S. carrier slashed its 2026 profit forecast, pushing the lower end of expectations to a loss, and said it expected its jet fuel bill to increase by more than $4 billion this year.
It has hiked checked baggage fees by $10 each for the first and second bags and by $150 for the third bag on domestic and short-haul international flights, and trimmed certain benefits for economy passengers.
ANA 9202.T
The Japanese airline said higher fuel prices would lift costs by about 140 billion yen ($890 million) this year, though hedging, fares and cost cuts are expected to limit the impact to around 60 billion yen. It said it is considering introducing a domestic fuel surcharge in the financial year from April 2027.
ASIANA AIRLINES 020560.KS
The South Korean airline will slash 22 flights between April and July due to the fuel cost increase, Newsis reported.
CATHAY PACIFIC 0293.HK
The Hong Kong airline will lower fuel surcharges for most passenger flights from May 16, it said, as part of an "agile response" to the volatility of jet fuel prices.
CEBU AIR CEB.PS
The Philippines-based airline said the sharp rise in fuel prices was a key concern and it would continue to review its pricing and network strategies to mitigate the impact.
DELTA AIR LINES DAL.N
Delta said it would cut capacity by around 3.5 percentage points from its original plan and raise fees for checked bags in an attempt to offset soaring jet fuel costs, with an increase of $10 on first and second checked bags and a $50 increase on the third.
The U.S. airline pulled all planned capacity growth for the current quarter and forecast profit below Wall Street expectations.
EASYJET EZJ.L
EasyJet warned of a bigger half-year pre-tax loss of between 540 million pounds and 560 million pounds ($729 million and $756 million), including 25 million pounds in extra fuel costs in March.
FRONTIER AIRLINES ULCC.O
A group of U.S. budget airlines including Frontier has pitched a $2.5 billion relief plan to the U.S. government, the Wall Street Journal reported. The figure is based on how much more the group expects to pay for jet fuel this year compared to earlier forecasts, the report said.
The carrier has said it is reviewing its full-year forecast as fuel prices have increased significantly since it issued it.
GREATER BAY AIRLINES
The Hong Kong-based company said it would raise fuel surcharges on most routes from April 1, while keeping them unchanged on mainland China and Japan routes.
HONG KONG AIRLINES
The airline said it would raise fuel surcharges by up to 35% from March 12, with the sharpest increase on flights between Hong Kong and the Maldives, Bangladesh and Nepal, where charges would rise to HK$384 from HK$284.
IAG ICAG.L
British Airways-owner IAG warned annual profit would be lower than forecast, as soaring jet fuel costs and supply disruptions weigh on earnings more than expected.
It previously said it would raise ticket prices to reflect higher jet fuel costs, as, despite its fuel hedges, it was "not immune" to the broader fallout from fuel cost volatility.
INDIGO INGL.NS
India's biggest airline said it would introduce fuel charges on domestic and international flights from March 14, including a charge of 900 rupees for flights to the Middle East and a charge of 2,300 rupees for flights to Europe.
JETBLUE AIRWAYS JBLU.O
JetBlue said it would slow hiring, cut capacity and hike fares to soften the impact of soaring jet fuel costs, and its CEO Joanna Geraghty said on an earnings call the airline suspended its full-year outlook.
KOREAN AIR
The South Korean carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters.
LATAM AIRLINES LTM.SN
The Chile-based carrier cut its 2026 core earnings forecast after higher jet fuel prices drove up costs.
LUFTHANSA LHAG.DE
The German airline group said it would face a 1.7 billion euro hit from jet fuel prices in 2026.
Its subsidiary ITA Airways said it would raise ticket prices between 5% and 10% in 2026 to compensate for the rising fuel costs.
In April, the group unveiled a new "Economy Basic" low-cost fare option for short- and medium-haul flights, which will limit free carry-on bags to only a "laptop bag or a small backpack".
The group previously said 20,000 short-haul flights would be removed from its schedule through October, equivalent to about 40,000 metric tons of jet fuel.
PAKISTAN INTERNATIONAL AIRLINES
The carrier said it would raise domestic flight fares by $20 and international fares by up to $100, citing higher fuel surcharges.
QANTAS AIRWAYS QAN.AX
Australia's Qantas said it had delayed a planned A$150 million ($109 million) buyback and was raising its estimated fuel bill for the second half of 2026 to A$3.1 billion-A$3.3 billion, from a previous A$2.5 billion forecast.
SAS
The Scandinavian airline said it would cancel 1,000 flights in April because of high oil and jet fuel prices, after cancelling a "couple hundred" flights in March.
SPIRIT AIRLINES
The U.S. low-cost carrier shut down abruptly after collapsing under financial pressures, including the sharp rise in fuel costs due to the Iran war.
SPRING AIRLINES 601021.SS
The budget Chinese airline said it would raise fuel surcharges on domestic flights from April 5, with details to be announced later.
SOUTHWEST AIRLINES LUV.N
The U.S. carrier forecast second-quarter profit below market expectations and its CEO warned the jet fuel spike would be a billion-dollar headwind for the airline in the quarter.
It had previously hiked checked baggage fees by $10 for the first and second bags, raising costs to $45 for the first bag and $55 for the second.
TAP
The Portuguese airline said its price hikes would partially mitigate the impact of fuel price changes on its revenue.
THAI AIRASIA
The Thai low-cost carrier said it would reduce overall seat capacity by an average of 30% between May and June to mitigate the impact of aviation fuel prices and softening demand.
THAI AIRWAYS THAI.BK
The Thailand-based carrier said it would raise fares by 10% to 15% to address rising fuel costs.
TUI TUI1n.DE
The European airline and tour operator cut its full-year underlying profit outlook and suspended revenue guidance, saying it had incurred about 40 million euros in extra costs due to the war in March, including repatriation efforts and operational disruptions.
TURKISH AIRLINES THYAO.IS, LUFTHANSA LHAG.DE
SunExpress, a joint venture between Turkish Airlines and Lufthansa, said it would impose a temporary fuel surcharge of 10 euros per passenger on routes between Turkey and mainland Europe. The surcharge will apply to bookings made on or after April 1 for departures on or after May 1.
Turkish Airlines said on April 10 it had decided not to distribute any dividend from its 2025 net profit, opting to retain earnings to preserve cash.
T'WAY AIR 091810.KS
The South Korean low-cost carrier said it planned to furlough some of its cabin crew without pay in May and June as part of measures to address the impact of the war.
UNITED AIRLINES UAL.O
The U.S. airline's CEO Scott Kirby said ticket prices may need to rise by as much as 15% to 20% to offset a surge in jet fuel costs. The company already instated five fare increases late in the first quarter, along with higher baggage fees, which it said have started to offset rising fuel costs.
The carrier also forecast second-quarter and full-year profits below Wall Street estimates and said it expected to recover only 40-50% of the increase in fuel prices through fares and other revenue measures in the second quarter, improving to 70-80% in the third and to as much as 85-100% by the fourth.
VIETJET VJC.HM
The Vietnamese budget airline said it had adjusted flight frequency on selected routes due to potential fuel shortages.
VIETNAM AIRLINES HVN.HM
The carrier plans to cancel 23 flights per week across domestic routes from April, Vietnam's aviation authority said, after the airline requested government assistance to remove an environmental tax on jet fuel.
VIRGIN ATLANTIC
The airline is adding fuel surcharges to fares but will still struggle to return to profitability this year, its CEO Corneel Koster told the Financial Times.
VIRGIN AUSTRALIA VGN.AX
Virgin Australia said it expected an increase in jet fuel cost of around A$30 million-A$40 million for the second half of this fiscal year, and a 1% reduction in capacity in the fourth quarter.
VOLOTEA
The Spanish low-cost airline introduced a new pricing policy linking ticket prices to fuel costs, which could potentially add a post-purchase surcharge of up to 14 euros per passenger, per flight.
WESTJET
The Canadian airline has cut seat capacity for June, the Globe and Mail reported. The Canadian Press previously reported that the carrier would add a C$60 ($44) fuel surcharge to some bookings and combine flights as costs soar.
WIZZ AIR WIZZ.L
The low-cost carrier revised its guidance upwards, citing strong forward bookings and swift action to offset soaring fuel prices and flight cancellations by adding capacity on existing and new routes and using promotional fares. It had issued a profit warning at the start of the war in the Middle East.
($1 = 6.7908 Chinese yuan renminbi)
($1 = 0.8538 euros)
($1 = 95.6093 Indian rupees)
($1 = 157.7600 yen)
($1 = 0.7405 pounds)
($1 = 1.3793 Australian dollars)
($1 = 1.3690 Canadian dollars)
(Reporting by Aishwarya Jain, Bernadette Hogg, Dimitri Rhodes, Mireia Merino and Marleen Kaesebier; Editing by Matt Scuffham, Milla Nissi-Prussak, Leroy Leo, Hugh Lawson and Nick Zieminski)
Updates Air India, adds Wizz Air
May 13 (Reuters) - A surge in jet fuel prices from $85-$90 to $150-$200 per barrel amid the U.S.-Israeli war against Iran has blindsided the aviation industry, where fuel accounts for up to a quarter of operating expenses, forcing airlines to raise fares and revise their financial outlooks.
Below is a list of how airlines are responding, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
The Greek airline expects suspended Middle East flights and a spike in fuel prices to have a "notable impact" on its first-quarter results.
AIRASIA X AIRX.KL
The Malaysian airline's executives said the company had cut 10% of flights across the group, with a surcharge of about 20% on fuel in general.
AIR CANADA AC.TO
Canada's largest carrier has suspended its full-year guidance due to jet fuel price volatility.
The company had previously announced plans to trim four of its 38 daily flights to New York due to higher fuel prices.
AIR CHINA 601111.SS, CHINA SOUTHERN AIRLINES 600029.SS, CHINA EASTERN AIRLINES 600115.SS
China's 'big three' airlines have lifted surcharges on domestic routes to 60 yuan ($9) for flights under 800 km and 120 yuan for those over 800 km, from 10 yuan and 20 yuan, respectively.
AIR FRANCE-KLM AIRF.PA
The airline group said it expected a $2.4 billion increase in its fuel bill this year and downgraded its capacity outlook to an increase of 2% to 4% from 2025. It previously expected an increase of 3% to 5%.
The group previously announced plans to increase long-haul ticket prices to address surging fuel costs, with cabin fares set to rise by 50 euros ($59) per round trip.
The group's Dutch arm KLM said on April 16 it would cancel 160 flights in Europe in the coming month due to rising fuel costs.
AIR INDIA
The Indian carrier will temporarily cut flights on several international routes between June and August.
Bloomberg News previously reported the company had discussed furloughing non-technical employees and cutting flight capacity by more than 20% for the next three months.
The company also said it would revise its fuel surcharge from a flat domestic surcharge to a distance-based grid. It said surcharges on international routes did not compensate for the exponential rise in fuel prices.
AIR NEW ZEALAND AIR.NZ
The airline said on April 7 it would slash flights through May and June and hike fares, having been one of the first to announce broad increases to ticket prices when the conflict broke out. It also suspended its full-year earnings forecast due to fuel market volatility.
AIR TRANSAT TRZ.TO
The Canadian airline said it would reduce planned capacity by 6% from May until October this year, with cuts expected on routes to Europe and the Caribbean and its service to Cuba remaining suspended until October.
AKASA AIR
India's Akasa Air said it was introducing a fuel surcharge ranging between 199 and 1,300 Indian rupees ($2 to $14) on domestic and international flights.
ALASKA AIR ALK.N
The U.S. airline launched a $500 million debt offering as the sharp rise in fuel prices puts pressure on margins.
The carrier previously withdrew its full-year profit forecast and warned of a steep hit to second-quarter earnings. It has also trimmed capacity in some markets.
AMERICAN AIRLINES AAL.O
The U.S. carrier slashed its 2026 profit forecast, pushing the lower end of expectations to a loss, and said it expected its jet fuel bill to increase by more than $4 billion this year.
It has hiked checked baggage fees by $10 each for the first and second bags and by $150 for the third bag on domestic and short-haul international flights, and trimmed certain benefits for economy passengers.
ANA 9202.T
The Japanese airline said higher fuel prices would lift costs by about 140 billion yen ($890 million) this year, though hedging, fares and cost cuts are expected to limit the impact to around 60 billion yen. It said it is considering introducing a domestic fuel surcharge in the financial year from April 2027.
ASIANA AIRLINES 020560.KS
The South Korean airline will slash 22 flights between April and July due to the fuel cost increase, Newsis reported.
CATHAY PACIFIC 0293.HK
The Hong Kong airline will lower fuel surcharges for most passenger flights from May 16, it said, as part of an "agile response" to the volatility of jet fuel prices.
CEBU AIR CEB.PS
The Philippines-based airline said the sharp rise in fuel prices was a key concern and it would continue to review its pricing and network strategies to mitigate the impact.
DELTA AIR LINES DAL.N
Delta said it would cut capacity by around 3.5 percentage points from its original plan and raise fees for checked bags in an attempt to offset soaring jet fuel costs, with an increase of $10 on first and second checked bags and a $50 increase on the third.
The U.S. airline pulled all planned capacity growth for the current quarter and forecast profit below Wall Street expectations.
EASYJET EZJ.L
EasyJet warned of a bigger half-year pre-tax loss of between 540 million pounds and 560 million pounds ($729 million and $756 million), including 25 million pounds in extra fuel costs in March.
FRONTIER AIRLINES ULCC.O
A group of U.S. budget airlines including Frontier has pitched a $2.5 billion relief plan to the U.S. government, the Wall Street Journal reported. The figure is based on how much more the group expects to pay for jet fuel this year compared to earlier forecasts, the report said.
The carrier has said it is reviewing its full-year forecast as fuel prices have increased significantly since it issued it.
GREATER BAY AIRLINES
The Hong Kong-based company said it would raise fuel surcharges on most routes from April 1, while keeping them unchanged on mainland China and Japan routes.
HONG KONG AIRLINES
The airline said it would raise fuel surcharges by up to 35% from March 12, with the sharpest increase on flights between Hong Kong and the Maldives, Bangladesh and Nepal, where charges would rise to HK$384 from HK$284.
IAG ICAG.L
British Airways-owner IAG warned annual profit would be lower than forecast, as soaring jet fuel costs and supply disruptions weigh on earnings more than expected.
It previously said it would raise ticket prices to reflect higher jet fuel costs, as, despite its fuel hedges, it was "not immune" to the broader fallout from fuel cost volatility.
INDIGO INGL.NS
India's biggest airline said it would introduce fuel charges on domestic and international flights from March 14, including a charge of 900 rupees for flights to the Middle East and a charge of 2,300 rupees for flights to Europe.
JETBLUE AIRWAYS JBLU.O
JetBlue said it would slow hiring, cut capacity and hike fares to soften the impact of soaring jet fuel costs, and its CEO Joanna Geraghty said on an earnings call the airline suspended its full-year outlook.
KOREAN AIR
The South Korean carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters.
LATAM AIRLINES LTM.SN
The Chile-based carrier cut its 2026 core earnings forecast after higher jet fuel prices drove up costs.
LUFTHANSA LHAG.DE
The German airline group said it would face a 1.7 billion euro hit from jet fuel prices in 2026.
Its subsidiary ITA Airways said it would raise ticket prices between 5% and 10% in 2026 to compensate for the rising fuel costs.
In April, the group unveiled a new "Economy Basic" low-cost fare option for short- and medium-haul flights, which will limit free carry-on bags to only a "laptop bag or a small backpack".
The group previously said 20,000 short-haul flights would be removed from its schedule through October, equivalent to about 40,000 metric tons of jet fuel.
PAKISTAN INTERNATIONAL AIRLINES
The carrier said it would raise domestic flight fares by $20 and international fares by up to $100, citing higher fuel surcharges.
QANTAS AIRWAYS QAN.AX
Australia's Qantas said it had delayed a planned A$150 million ($109 million) buyback and was raising its estimated fuel bill for the second half of 2026 to A$3.1 billion-A$3.3 billion, from a previous A$2.5 billion forecast.
SAS
The Scandinavian airline said it would cancel 1,000 flights in April because of high oil and jet fuel prices, after cancelling a "couple hundred" flights in March.
SPIRIT AIRLINES
The U.S. low-cost carrier shut down abruptly after collapsing under financial pressures, including the sharp rise in fuel costs due to the Iran war.
SPRING AIRLINES 601021.SS
The budget Chinese airline said it would raise fuel surcharges on domestic flights from April 5, with details to be announced later.
SOUTHWEST AIRLINES LUV.N
The U.S. carrier forecast second-quarter profit below market expectations and its CEO warned the jet fuel spike would be a billion-dollar headwind for the airline in the quarter.
It had previously hiked checked baggage fees by $10 for the first and second bags, raising costs to $45 for the first bag and $55 for the second.
TAP
The Portuguese airline said its price hikes would partially mitigate the impact of fuel price changes on its revenue.
THAI AIRASIA
The Thai low-cost carrier said it would reduce overall seat capacity by an average of 30% between May and June to mitigate the impact of aviation fuel prices and softening demand.
THAI AIRWAYS THAI.BK
The Thailand-based carrier said it would raise fares by 10% to 15% to address rising fuel costs.
TUI TUI1n.DE
The European airline and tour operator cut its full-year underlying profit outlook and suspended revenue guidance, saying it had incurred about 40 million euros in extra costs due to the war in March, including repatriation efforts and operational disruptions.
TURKISH AIRLINES THYAO.IS, LUFTHANSA LHAG.DE
SunExpress, a joint venture between Turkish Airlines and Lufthansa, said it would impose a temporary fuel surcharge of 10 euros per passenger on routes between Turkey and mainland Europe. The surcharge will apply to bookings made on or after April 1 for departures on or after May 1.
Turkish Airlines said on April 10 it had decided not to distribute any dividend from its 2025 net profit, opting to retain earnings to preserve cash.
T'WAY AIR 091810.KS
The South Korean low-cost carrier said it planned to furlough some of its cabin crew without pay in May and June as part of measures to address the impact of the war.
UNITED AIRLINES UAL.O
The U.S. airline's CEO Scott Kirby said ticket prices may need to rise by as much as 15% to 20% to offset a surge in jet fuel costs. The company already instated five fare increases late in the first quarter, along with higher baggage fees, which it said have started to offset rising fuel costs.
The carrier also forecast second-quarter and full-year profits below Wall Street estimates and said it expected to recover only 40-50% of the increase in fuel prices through fares and other revenue measures in the second quarter, improving to 70-80% in the third and to as much as 85-100% by the fourth.
VIETJET VJC.HM
The Vietnamese budget airline said it had adjusted flight frequency on selected routes due to potential fuel shortages.
VIETNAM AIRLINES HVN.HM
The carrier plans to cancel 23 flights per week across domestic routes from April, Vietnam's aviation authority said, after the airline requested government assistance to remove an environmental tax on jet fuel.
VIRGIN ATLANTIC
The airline is adding fuel surcharges to fares but will still struggle to return to profitability this year, its CEO Corneel Koster told the Financial Times.
VIRGIN AUSTRALIA VGN.AX
Virgin Australia said it expected an increase in jet fuel cost of around A$30 million-A$40 million for the second half of this fiscal year, and a 1% reduction in capacity in the fourth quarter.
VOLOTEA
The Spanish low-cost airline introduced a new pricing policy linking ticket prices to fuel costs, which could potentially add a post-purchase surcharge of up to 14 euros per passenger, per flight.
WESTJET
The Canadian airline has cut seat capacity for June, the Globe and Mail reported. The Canadian Press previously reported that the carrier would add a C$60 ($44) fuel surcharge to some bookings and combine flights as costs soar.
WIZZ AIR WIZZ.L
The low-cost carrier revised its guidance upwards, citing strong forward bookings and swift action to offset soaring fuel prices and flight cancellations by adding capacity on existing and new routes and using promotional fares. It had issued a profit warning at the start of the war in the Middle East.
($1 = 6.7908 Chinese yuan renminbi)
($1 = 0.8538 euros)
($1 = 95.6093 Indian rupees)
($1 = 157.7600 yen)
($1 = 0.7405 pounds)
($1 = 1.3793 Australian dollars)
($1 = 1.3690 Canadian dollars)
(Reporting by Aishwarya Jain, Bernadette Hogg, Dimitri Rhodes, Mireia Merino and Marleen Kaesebier; Editing by Matt Scuffham, Milla Nissi-Prussak, Leroy Leo, Hugh Lawson and Nick Zieminski)
Adds Cathay Pacific, Updates Air India, IAG
May 8 (Reuters) - A surge in jet fuel prices from $85-$90 to $150-$200 per barrel amid the U.S.-Israeli war against Iran has blindsided the aviation industry, where fuel accounts for up to a quarter of operating expenses, forcing airlines to raise fares and revise their financial outlooks.
Below is a list of how airlines are responding, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
The Greek airline expects suspended Middle East flights and a spike in fuel prices to have a "notable impact" on its first-quarter results.
AIRASIA X AIRX.KL
The Malaysian airline's executives said the company had cut 10% of flights across the group, with a surcharge of about 20% on fuel in general.
AIR CANADA AC.TO
Canada's largest carrier has suspended its full-year guidance due to jet fuel price volatility.
The company had previously announced plans to trim four of its 38 daily flights to New York due to higher fuel prices.
AIR CHINA 601111.SS, CHINA SOUTHERN AIRLINES 600029.SS, CHINA EASTERN AIRLINES 600115.SS
China's 'big three' airlines have lifted surcharges on domestic routes to 60 yuan ($8.78) for flights under 800 km and 120 yuan for those over 800 km, from 10 yuan and 20 yuan, respectively.
AIR FRANCE-KLM AIRF.PA
The airline group said it expected a $2.4 billion increase in its fuel bill this year and downgraded its capacity outlook to an increase of 2% to 4% from 2025. It previously expected an increase of 3% to 5%.
The group previously announced plans to increase long-haul ticket prices to address surging fuel costs, with cabin fares set to rise by 50 euros ($59) per round trip.
The group's Dutch arm KLM said on April 16 it would cancel 160 flights in Europe in the coming month due to rising fuel costs.
AIR INDIA
The Indian carrier discussed furloughing non-technical employees and cutting flight capacity by more than 20% for the next three months, Bloomberg News reported.
The company also said it would revise its fuel surcharge from a flat domestic surcharge to a distance-based grid. It said surcharges on international routes did not compensate for the exponential rise in fuel prices.
AIR NEW ZEALAND AIR.NZ
The airline said on April 7 it would slash flights through May and June and hike fares, having been one of the first to announce broad increases to ticket prices when the conflict broke out. It also suspended its full-year earnings forecast due to fuel market volatility.
AIR TRANSAT TRZ.TO
The Canadian airline said it would reduce planned capacity by 6% from May until October this year, with cuts expected on routes to Europe and the Caribbean and its service to Cuba remaining suspended until October.
AKASA AIR
India's Akasa Air said it was introducing a fuel surcharge ranging between 199 and 1,300 Indian rupees ($2 to $14) on domestic and international flights.
ALASKA AIR ALK.N
The U.S. airline launched a $500 million debt offering as the sharp rise in fuel prices puts pressure on margins.
The carrier previously withdrew its full-year profit forecast and warned of a steep hit to second-quarter earnings. It has also trimmed capacity in some markets.
AMERICAN AIRLINES AAL.O
The U.S. carrier slashed its 2026 profit forecast, pushing the lower end of expectations to a loss, and said it expected its jet fuel bill to increase by more than $4 billion this year.
It has hiked checked baggage fees by $10 each for the first and second bags and by $150 for the third bag on domestic and short-haul international flights, and trimmed certain benefits for economy passengers.
ANA 9202.T
The Japanese airline said higher fuel prices would lift costs by about 140 billion yen ($890 million) this year, though hedging, fares and cost cuts are expected to limit the impact to around 60 billion yen. It said it is considering introducing a domestic fuel surcharge in the financial year from April 2027.
ASIANA AIRLINES 020560.KS
The South Korean airline will slash 22 flights between April and July due to the fuel cost increase, Newsis reported.
CATHAY PACIFIC 0293.HK
The Hong Kong airline will lower fuel surcharges for most passenger flights from May 16, it said, as part of an "agile response" to the volatility of jet fuel prices.
CEBU AIR CEB.PS
The Philippines-based airline said the sharp rise in fuel prices was a key concern and it would continue to review its pricing and network strategies to mitigate the impact.
DELTA AIR LINES DAL.N
Delta said it would cut capacity by around 3.5 percentage points from its original plan and raise fees for checked bags in an attempt to offset soaring jet fuel costs, with an increase of $10 on first and second checked bags and a $50 increase on the third.
The U.S. airline pulled all planned capacity growth for the current quarter and forecast profit below Wall Street expectations.
EASYJET EZJ.L
EasyJet warned of a bigger half-year pre-tax loss of between 540 million and 560 million pounds ($732 million and $759 million), including 25 million pounds in extra fuel costs in March.
FRONTIER AIRLINES ULCC.O
A group of U.S. budget airlines including Frontier has pitched a $2.5 billion relief plan to the U.S. government, the Wall Street Journal reported. The figure is based on how much more the group expects to pay for jet fuel this year compared to earlier forecasts, the report said.
The carrier has said it is reviewing its full-year forecast as fuel prices have increased significantly since it issued it.
GREATER BAY AIRLINES
The Hong Kong-based company said it would raise fuel surcharges on most routes from April 1, while keeping them unchanged on mainland China and Japan routes.
HONG KONG AIRLINES
The airline said it would raise fuel surcharges by up to 35% from March 12, with the sharpest increase on flights between Hong Kong and the Maldives, Bangladesh and Nepal, where charges would rise to HK$384 from HK$284.
IAG ICAG.L
British Airways-owner IAG warned annual profit would be lower than forecast, as soaring jet fuel costs and supply disruptions weigh on earnings more than expected.
It previously said it would raise ticket prices to reflect higher jet fuel costs, as, despite its fuel hedges, it was "not immune" to the broader fallout from fuel cost volatility.
INDIGO INGL.NS
India's biggest airline said it would introduce fuel charges on domestic and international flights from March 14, including a charge of 900 rupees for flights to the Middle East and a charge of 2,300 rupees for flights to Europe.
JETBLUE AIRWAYS JBLU.O
JetBlue said it would slow hiring, cut capacity and hike fares to soften the impact of soaring jet fuel costs, and its CEO Joanna Geraghty said on an earnings call the airline suspended its full-year outlook.
KOREAN AIR
The South Korean carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters.
LATAM AIRLINES LTM.SN
The Chile-based carrier cut its 2026 core earnings forecast after higher jet fuel prices drove up costs.
LUFTHANSA LHAG.DE
The German airline group said it would face a 1.7 billion euro hit from jet fuel prices in 2026.
Its subsidiary ITA Airways said it would raise ticket prices between 5% and 10% in 2026 to compensate for the rising fuel costs.
In April, the group unveiled a new "Economy Basic" low-cost fare option for short- and medium-haul flights, which will limit free carry-on bags to only a "laptop bag or a small backpack".
The group previously said 20,000 short-haul flights would be removed from its schedule through October, equivalent to about 40,000 metric tons of jet fuel.
PAKISTAN INTERNATIONAL AIRLINES
The carrier said it would raise domestic flight fares by $20 and international fares by up to $100, citing higher fuel surcharges.
QANTAS AIRWAYS QAN.AX
Australia's Qantas said it had delayed a planned A$150 million ($108 million) buyback and was raising its estimated fuel bill for the second half of 2026 to A$3.1 billion-A$3.3 billion, from a previous A$2.5 billion forecast.
SAS
The Scandinavian airline said it would cancel 1,000 flights in April because of high oil and jet fuel prices, after cancelling a "couple hundred" flights in March.
SPIRIT AIRLINES
The U.S. low-cost carrier shut down abruptly after collapsing under financial pressures, including the sharp rise in fuel costs due to the Iran war.
SPRING AIRLINES 601021.SS
The budget Chinese airline said it would raise fuel surcharges on domestic flights from April 5, with details to be announced later.
SOUTHWEST AIRLINES LUV.N
The U.S. carrier forecast second-quarter profit below market expectations and its CEO warned the jet fuel spike would be a billion-dollar headwind for the airline in the quarter.
It had previously hiked checked baggage fees by $10 for the first and second bags, raising costs to $45 for the first bag and $55 for the second.
TAP
The Portuguese airline said its price hikes would partially mitigate the impact of fuel price changes on its revenue.
THAI AIRASIA
The Thai low-cost carrier said it would reduce overall seat capacity by an average of 30% between May and June to mitigate the impact of aviation fuel prices and softening demand.
THAI AIRWAYS THAI.BK
The Thailand-based carrier said it would raise fares by 10% to 15% to address rising fuel costs.
TUI TUI1n.DE
The European airline and tour operator cut its full-year underlying profit outlook and suspended revenue guidance, saying it had incurred about 40 million euros in extra costs due to the war in March, including repatriation efforts and operational disruptions.
TURKISH AIRLINES THYAO.IS, LUFTHANSA LHAG.DE
SunExpress, a joint venture between Turkish Airlines and Lufthansa, said it would impose a temporary fuel surcharge of 10 euros per passenger on routes between Turkey and mainland Europe. The surcharge will apply to bookings made on or after April 1 for departures on or after May 1.
Turkish Airlines said on April 10 it had decided not to distribute any dividend from its 2025 net profit, opting to retain earnings to preserve cash.
T'WAY AIR 091810.KS
The South Korean low-cost carrier said it planned to furlough some of its cabin crew without pay in May and June as part of measures to address the impact of the war.
UNITED AIRLINES UAL.O
The U.S. airline's CEO Scott Kirby said ticket prices may need to rise by as much as 15% to 20% to offset a surge in jet fuel costs. The company already instated five fare increases late in the first quarter, along with higher baggage fees, which it said have started to offset rising fuel costs.
The carrier also forecast second-quarter and full-year profits below Wall Street estimates and said it expected to recover only 40-50% of the increase in fuel prices through fares and other revenue measures in the second quarter, improving to 70-80% in the third and to as much as 85-100% by the fourth.
VIETJET VJC.HM
The Vietnamese budget airline said it had adjusted flight frequency on selected routes due to potential fuel shortages.
VIETNAM AIRLINES HVN.HM
The carrier plans to cancel 23 flights per week across domestic routes from April, Vietnam's aviation authority said, after the airline requested government assistance to remove an environmental tax on jet fuel.
VIRGIN ATLANTIC
The airline is adding fuel surcharges to fares but will still struggle to return to profitability this year, its CEO Corneel Koster told the Financial Times.
VIRGIN AUSTRALIA VGN.AX
Virgin Australia said it expected an increase in jet fuel cost of around A$30 million-A$40 million for the second half of this fiscal year, and a 1% reduction in capacity in the fourth quarter.
VOLOTEA
The Spanish low-cost airline introduced a new pricing policy linking ticket prices to fuel costs, which could potentially add a post-purchase surcharge of up to 14 euros per passenger, per flight.
WESTJET
The Canadian airline has cut seat capacity for June, the Globe and Mail reported. The Canadian Press previously reported that the carrier would add a C$60 ($44) fuel surcharge to some bookings and combine flights as costs soar.
($1 = 157.1700 yen/6.8300 Chinese yuan renminbi/0.8539 euros/95.0875 Indian rupees/0.7378 pounds/1.3910 Australian dollars/1.3601 Canadian dollars)
(Reporting by Aishwarya Jain, Bernadette Hogg, Dimitri Rhodes, Mireia Merino and Marleen Kaesebier; Editing by Matt Scuffham, Milla Nissi-Prussak, Leroy Leo, Hugh Lawson and Nick Zieminski)
Adds Cathay Pacific, Updates Air India, IAG
May 8 (Reuters) - A surge in jet fuel prices from $85-$90 to $150-$200 per barrel amid the U.S.-Israeli war against Iran has blindsided the aviation industry, where fuel accounts for up to a quarter of operating expenses, forcing airlines to raise fares and revise their financial outlooks.
Below is a list of how airlines are responding, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
The Greek airline expects suspended Middle East flights and a spike in fuel prices to have a "notable impact" on its first-quarter results.
AIRASIA X AIRX.KL
The Malaysian airline's executives said the company had cut 10% of flights across the group, with a surcharge of about 20% on fuel in general.
AIR CANADA AC.TO
Canada's largest carrier has suspended its full-year guidance due to jet fuel price volatility.
The company had previously announced plans to trim four of its 38 daily flights to New York due to higher fuel prices.
AIR CHINA 601111.SS, CHINA SOUTHERN AIRLINES 600029.SS, CHINA EASTERN AIRLINES 600115.SS
China's 'big three' airlines have lifted surcharges on domestic routes to 60 yuan ($8.78) for flights under 800 km and 120 yuan for those over 800 km, from 10 yuan and 20 yuan, respectively.
AIR FRANCE-KLM AIRF.PA
The airline group said it expected a $2.4 billion increase in its fuel bill this year and downgraded its capacity outlook to an increase of 2% to 4% from 2025. It previously expected an increase of 3% to 5%.
The group previously announced plans to increase long-haul ticket prices to address surging fuel costs, with cabin fares set to rise by 50 euros ($59) per round trip.
The group's Dutch arm KLM said on April 16 it would cancel 160 flights in Europe in the coming month due to rising fuel costs.
AIR INDIA
The Indian carrier discussed furloughing non-technical employees and cutting flight capacity by more than 20% for the next three months, Bloomberg News reported.
The company also said it would revise its fuel surcharge from a flat domestic surcharge to a distance-based grid. It said surcharges on international routes did not compensate for the exponential rise in fuel prices.
AIR NEW ZEALAND AIR.NZ
The airline said on April 7 it would slash flights through May and June and hike fares, having been one of the first to announce broad increases to ticket prices when the conflict broke out. It also suspended its full-year earnings forecast due to fuel market volatility.
AIR TRANSAT TRZ.TO
The Canadian airline said it would reduce planned capacity by 6% from May until October this year, with cuts expected on routes to Europe and the Caribbean and its service to Cuba remaining suspended until October.
AKASA AIR
India's Akasa Air said it was introducing a fuel surcharge ranging between 199 and 1,300 Indian rupees ($2 to $14) on domestic and international flights.
ALASKA AIR ALK.N
The U.S. airline launched a $500 million debt offering as the sharp rise in fuel prices puts pressure on margins.
The carrier previously withdrew its full-year profit forecast and warned of a steep hit to second-quarter earnings. It has also trimmed capacity in some markets.
AMERICAN AIRLINES AAL.O
The U.S. carrier slashed its 2026 profit forecast, pushing the lower end of expectations to a loss, and said it expected its jet fuel bill to increase by more than $4 billion this year.
It has hiked checked baggage fees by $10 each for the first and second bags and by $150 for the third bag on domestic and short-haul international flights, and trimmed certain benefits for economy passengers.
ANA 9202.T
The Japanese airline said higher fuel prices would lift costs by about 140 billion yen ($890 million) this year, though hedging, fares and cost cuts are expected to limit the impact to around 60 billion yen. It said it is considering introducing a domestic fuel surcharge in the financial year from April 2027.
ASIANA AIRLINES 020560.KS
The South Korean airline will slash 22 flights between April and July due to the fuel cost increase, Newsis reported.
CATHAY PACIFIC 0293.HK
The Hong Kong airline will lower fuel surcharges for most passenger flights from May 16, it said, as part of an "agile response" to the volatility of jet fuel prices.
CEBU AIR CEB.PS
The Philippines-based airline said the sharp rise in fuel prices was a key concern and it would continue to review its pricing and network strategies to mitigate the impact.
DELTA AIR LINES DAL.N
Delta said it would cut capacity by around 3.5 percentage points from its original plan and raise fees for checked bags in an attempt to offset soaring jet fuel costs, with an increase of $10 on first and second checked bags and a $50 increase on the third.
The U.S. airline pulled all planned capacity growth for the current quarter and forecast profit below Wall Street expectations.
EASYJET EZJ.L
EasyJet warned of a bigger half-year pre-tax loss of between 540 million and 560 million pounds ($732 million and $759 million), including 25 million pounds in extra fuel costs in March.
FRONTIER AIRLINES ULCC.O
A group of U.S. budget airlines including Frontier has pitched a $2.5 billion relief plan to the U.S. government, the Wall Street Journal reported. The figure is based on how much more the group expects to pay for jet fuel this year compared to earlier forecasts, the report said.
The carrier has said it is reviewing its full-year forecast as fuel prices have increased significantly since it issued it.
GREATER BAY AIRLINES
The Hong Kong-based company said it would raise fuel surcharges on most routes from April 1, while keeping them unchanged on mainland China and Japan routes.
HONG KONG AIRLINES
The airline said it would raise fuel surcharges by up to 35% from March 12, with the sharpest increase on flights between Hong Kong and the Maldives, Bangladesh and Nepal, where charges would rise to HK$384 from HK$284.
IAG ICAG.L
British Airways-owner IAG warned annual profit would be lower than forecast, as soaring jet fuel costs and supply disruptions weigh on earnings more than expected.
It previously said it would raise ticket prices to reflect higher jet fuel costs, as, despite its fuel hedges, it was "not immune" to the broader fallout from fuel cost volatility.
INDIGO INGL.NS
India's biggest airline said it would introduce fuel charges on domestic and international flights from March 14, including a charge of 900 rupees for flights to the Middle East and a charge of 2,300 rupees for flights to Europe.
JETBLUE AIRWAYS JBLU.O
JetBlue said it would slow hiring, cut capacity and hike fares to soften the impact of soaring jet fuel costs, and its CEO Joanna Geraghty said on an earnings call the airline suspended its full-year outlook.
KOREAN AIR
The South Korean carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters.
LATAM AIRLINES LTM.SN
The Chile-based carrier cut its 2026 core earnings forecast after higher jet fuel prices drove up costs.
LUFTHANSA LHAG.DE
The German airline group said it would face a 1.7 billion euro hit from jet fuel prices in 2026.
Its subsidiary ITA Airways said it would raise ticket prices between 5% and 10% in 2026 to compensate for the rising fuel costs.
In April, the group unveiled a new "Economy Basic" low-cost fare option for short- and medium-haul flights, which will limit free carry-on bags to only a "laptop bag or a small backpack".
The group previously said 20,000 short-haul flights would be removed from its schedule through October, equivalent to about 40,000 metric tons of jet fuel.
PAKISTAN INTERNATIONAL AIRLINES
The carrier said it would raise domestic flight fares by $20 and international fares by up to $100, citing higher fuel surcharges.
QANTAS AIRWAYS QAN.AX
Australia's Qantas said it had delayed a planned A$150 million ($108 million) buyback and was raising its estimated fuel bill for the second half of 2026 to A$3.1 billion-A$3.3 billion, from a previous A$2.5 billion forecast.
SAS
The Scandinavian airline said it would cancel 1,000 flights in April because of high oil and jet fuel prices, after cancelling a "couple hundred" flights in March.
SPIRIT AIRLINES
The U.S. low-cost carrier shut down abruptly after collapsing under financial pressures, including the sharp rise in fuel costs due to the Iran war.
SPRING AIRLINES 601021.SS
The budget Chinese airline said it would raise fuel surcharges on domestic flights from April 5, with details to be announced later.
SOUTHWEST AIRLINES LUV.N
The U.S. carrier forecast second-quarter profit below market expectations and its CEO warned the jet fuel spike would be a billion-dollar headwind for the airline in the quarter.
It had previously hiked checked baggage fees by $10 for the first and second bags, raising costs to $45 for the first bag and $55 for the second.
TAP
The Portuguese airline said its price hikes would partially mitigate the impact of fuel price changes on its revenue.
THAI AIRASIA
The Thai low-cost carrier said it would reduce overall seat capacity by an average of 30% between May and June to mitigate the impact of aviation fuel prices and softening demand.
THAI AIRWAYS THAI.BK
The Thailand-based carrier said it would raise fares by 10% to 15% to address rising fuel costs.
TUI TUI1n.DE
The European airline and tour operator cut its full-year underlying profit outlook and suspended revenue guidance, saying it had incurred about 40 million euros in extra costs due to the war in March, including repatriation efforts and operational disruptions.
TURKISH AIRLINES THYAO.IS, LUFTHANSA LHAG.DE
SunExpress, a joint venture between Turkish Airlines and Lufthansa, said it would impose a temporary fuel surcharge of 10 euros per passenger on routes between Turkey and mainland Europe. The surcharge will apply to bookings made on or after April 1 for departures on or after May 1.
Turkish Airlines said on April 10 it had decided not to distribute any dividend from its 2025 net profit, opting to retain earnings to preserve cash.
T'WAY AIR 091810.KS
The South Korean low-cost carrier said it planned to furlough some of its cabin crew without pay in May and June as part of measures to address the impact of the war.
UNITED AIRLINES UAL.O
The U.S. airline's CEO Scott Kirby said ticket prices may need to rise by as much as 15% to 20% to offset a surge in jet fuel costs. The company already instated five fare increases late in the first quarter, along with higher baggage fees, which it said have started to offset rising fuel costs.
The carrier also forecast second-quarter and full-year profits below Wall Street estimates and said it expected to recover only 40-50% of the increase in fuel prices through fares and other revenue measures in the second quarter, improving to 70-80% in the third and to as much as 85-100% by the fourth.
VIETJET VJC.HM
The Vietnamese budget airline said it had adjusted flight frequency on selected routes due to potential fuel shortages.
VIETNAM AIRLINES HVN.HM
The carrier plans to cancel 23 flights per week across domestic routes from April, Vietnam's aviation authority said, after the airline requested government assistance to remove an environmental tax on jet fuel.
VIRGIN ATLANTIC
The airline is adding fuel surcharges to fares but will still struggle to return to profitability this year, its CEO Corneel Koster told the Financial Times.
VIRGIN AUSTRALIA VGN.AX
Virgin Australia said it expected an increase in jet fuel cost of around A$30 million-A$40 million for the second half of this fiscal year, and a 1% reduction in capacity in the fourth quarter.
VOLOTEA
The Spanish low-cost airline introduced a new pricing policy linking ticket prices to fuel costs, which could potentially add a post-purchase surcharge of up to 14 euros per passenger, per flight.
WESTJET
The Canadian airline has cut seat capacity for June, the Globe and Mail reported. The Canadian Press previously reported that the carrier would add a C$60 ($44) fuel surcharge to some bookings and combine flights as costs soar.
($1 = 157.1700 yen/6.8300 Chinese yuan renminbi/0.8539 euros/95.0875 Indian rupees/0.7378 pounds/1.3910 Australian dollars/1.3601 Canadian dollars)
(Reporting by Aishwarya Jain, Bernadette Hogg, Dimitri Rhodes, Mireia Merino and Marleen Kaesebier; Editing by Matt Scuffham, Milla Nissi-Prussak, Leroy Leo, Hugh Lawson and Nick Zieminski)
Updates Alaska Air, Lufthansa, adds Latam Airlines
May 6 (Reuters) - A surge in jet fuel prices from $85-$90 to $150-$200 per barrel amid the U.S.-Israeli war on Iran has blindsided the aviation industry, where fuel accounts for up to a quarter of operating expenses, forcing airlines to raise fares and revise their financial outlooks.
Below is a list of how airlines are responding, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
The Greek airline expects suspended Middle East flights and a spike in fuel prices to have a "notable impact" on its first-quarter results.
AIRASIA X AIRX.KL
The Malaysian airline's executives said the company had cut 10% of flights across the group, with a surcharge of about 20% on fuel in general.
AIR CANADA AC.TO
Canada's largest carrier has suspended its full-year guidance due to jet fuel price volatility.
The company had previously announced plans to trim four of its 38 daily flights to New York due to higher fuel prices.
AIR CHINA 601111.SS, CHINA SOUTHERN AIRLINES 600029.SS, CHINA EASTERN AIRLINES 600115.SS
China's 'big three' airlines have lifted surcharges on domestic routes to 60 yuan ($8.78) for flights under 800 km and 120 yuan for those over 800 km, from 10 yuan and 20 yuan, respectively.
AIR FRANCE-KLM AIRF.PA
The airline group said it expected a $2.4 billion increase in its fuel bill this year and downgraded its capacity outlook to an increase of 2% to 4% from 2025. It previously expected an increase of 3% to 5%.
The group previously announced plans to increase long-haul ticket prices to address surging fuel costs, with cabin fares set to rise by 50 euros ($59) per round trip.
The group's Dutch arm KLM said on April 16 it would cancel 160 flights in Europe in the coming month due to rising fuel costs.
AIR INDIA
The Indian carrier said it would revise its fuel surcharge from a flat domestic surcharge to a distance-based grid. It said surcharges on international routes did not compensate for the exponential rise in fuel prices.
AIR NEW ZEALAND AIR.NZ
The airline said on April 7 it would slash flights through May and June and hike fares, having been one of the first to announce broad increases to ticket prices when the conflict broke out. It also suspended its full-year earnings forecast due to fuel market volatility.
AIR TRANSAT TRZ.TO
The Canadian airline said it would reduce planned capacity by 6% from May until October this year, with cuts expected on routes to Europe and the Caribbean and its service to Cuba remaining suspended until October.
AKASA AIR
India's Akasa Air said it was introducing a fuel surcharge ranging between 199 and 1,300 Indian rupees ($2 to $14) on domestic and international flights.
ALASKA AIR ALK.N
The U.S. airline launched a $500 million debt offering as the sharp rise in fuel prices puts pressure on margins.
The carrier previously withdrew its full-year profit forecast and warned of a steep hit to second-quarter earnings. It has also trimmed capacity in some markets.
AMERICAN AIRLINES AAL.O
The U.S. carrier slashed its 2026 profit forecast, pushing the lower end of expectations to a loss, and said it expected its jet fuel bill to increase by more than $4 billion this year.
It has hiked checked baggage fees by $10 each for the first and second bags and by $150 for the third bag on domestic and short-haul international flights, and trimmed certain benefits for economy passengers.
ANA 9202.T
The Japanese airline said higher fuel prices would lift costs by about 140 billion yen ($890 million) this year, though hedging, fares and cost cuts are expected to limit the impact to around 60 billion yen. It said it is considering introducing a domestic fuel surcharge in the financial year from April 2027.
ASIANA AIRLINES 020560.KS
The South Korean airline will slash 22 flights between April and July due to the fuel cost increase, Newsis reported.
CEBU AIR CEB.PS
The Philippines-based airline said the sharp rise in fuel prices was a key concern and it would continue to review its pricing and network strategies to mitigate the impact.
DELTA AIR LINES DAL.N
Delta said it would cut capacity by around 3.5 percentage points from its original plan and raise fees for checked bags in an attempt to offset soaring jet fuel costs, with an increase of $10 on first and second checked bags and a $50 increase on the third.
The U.S. airline pulled all planned capacity growth for the current quarter and forecast profit below Wall Street expectations.
EASYJET EZJ.L
EasyJet warned of a bigger half-year pre-tax loss of between 540 million and 560 million pounds ($732 million and $759 million), including 25 million pounds in extra fuel costs in March.
FRONTIER AIRLINES ULCC.O
A group of U.S. budget airlines including Frontier has pitched a $2.5 billion relief plan to the U.S. government, the Wall Street Journal reported. The figure is based on how much more the group expects to pay for jet fuel this year compared to earlier forecasts, the report said.
The carrier has said it is reviewing its full-year forecast as fuel prices have increased significantly since it issued it.
GREATER BAY AIRLINES
The Hong Kong-based company said it would raise fuel surcharges on most routes from April 1, while keeping them unchanged on mainland China and Japan routes.
HONG KONG AIRLINES
The airline said it would raise fuel surcharges by up to 35% from March 12, with the sharpest increase on flights between Hong Kong and the Maldives, Bangladesh and Nepal, where charges would rise to HK$384 from HK$284.
IAG ICAG.L
British Airways-owner IAG said it would raise ticket prices to reflect higher jet fuel costs, as, despite its fuel hedges, it was "not immune" to the broader fallout from fuel cost volatility.
INDIGO INGL.NS
India's biggest airline said it would introduce fuel charges on domestic and international flights from March 14, including a charge of 900 rupees for flights to the Middle East and a charge of 2,300 rupees for flights to Europe.
JETBLUE AIRWAYS JBLU.O
JetBlue said it would slow hiring, cut capacity and hike fares to soften the impact of soaring jet fuel costs, and its CEO Joanna Geraghty said on an earnings call the airline suspended its full-year outlook.
KOREAN AIR
The South Korean carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters.
LATAM AIRLINES LTM.SN
The Chile-based carrier cut its 2026 core earnings forecast after higher jet fuel prices drove up costs.
LUFTHANSA LHAG.DE
The German airline group said it would face a 1.7 billion euro hit from jet fuel prices in 2026.
Its subsidiary ITA Airways said it would raise ticket prices between 5% and 10% in 2026 to compensate for the rising fuel costs.
In April, the group unveiled a new "Economy Basic" low-cost fare option for short- and medium-haul flights, which will limit free carry-on bags to only a "laptop bag or a small backpack".
The group previously said 20,000 short-haul flights would be removed from its schedule through October, equivalent to about 40,000 metric tons of jet fuel.
PAKISTAN INTERNATIONAL AIRLINES
The carrier said it would raise domestic flight fares by $20 and international fares by up to $100, citing higher fuel surcharges.
QANTAS AIRWAYS QAN.AX
Australia's Qantas said it had delayed a planned A$150 million ($108 million) buyback and was raising its estimated fuel bill for the second half of 2026 to A$3.1 billion-A$3.3 billion, from a previous A$2.5 billion forecast.
SAS
The Scandinavian airline said it would cancel 1,000 flights in April because of high oil and jet fuel prices, after cancelling a "couple hundred" flights in March.
SPIRIT AIRLINES
The U.S. low-cost carrier shut down abruptly after collapsing under financial pressures, including the sharp rise in fuel costs due to the Iran war.
SPRING AIRLINES 601021.SS
The budget Chinese airline said it would raise fuel surcharges on domestic flights from April 5, with details to be announced later.
SOUTHWEST AIRLINES LUV.N
The U.S. carrier forecast second-quarter profit below market expectations and its CEO warned the jet fuel spike would be a billion-dollar headwind for the airline in the quarter.
It had previously hiked checked baggage fees by $10 for the first and second bags, raising costs to $45 for the first bag and $55 for the second.
TAP
The Portuguese airline said its price hikes would partially mitigate the impact of fuel price changes on its revenue.
THAI AIRASIA
The Thai low-cost carrier said it would reduce overall seat capacity by an average of 30% between May and June to mitigate the impact of aviation fuel prices and softening demand.
THAI AIRWAYS THAI.BK
The Thailand-based carrier said it would raise fares by 10% to 15% to address rising fuel costs.
TUI TUI1n.DE
The European airline and tour operator cut its full-year underlying profit outlook and suspended revenue guidance, saying it had incurred about 40 million euros in extra costs due to the war in March, including repatriation efforts and operational disruptions.
TURKISH AIRLINES THYAO.IS, LUFTHANSA LHAG.DE
SunExpress, a joint venture between Turkish Airlines and Lufthansa, said it would impose a temporary fuel surcharge of 10 euros per passenger on routes between Turkey and mainland Europe. The surcharge will apply to bookings made on or after April 1 for departures on or after May 1.
Turkish Airlines said on April 10 it had decided not to distribute any dividend from its 2025 net profit, opting to retain earnings to preserve cash.
T'WAY AIR 091810.KS
The South Korean low-cost carrier said it planned to furlough some of its cabin crew without pay in May and June as part of measures to address the impact of the war.
UNITED AIRLINES UAL.O
The U.S. airline's CEO Scott Kirby said ticket prices may need to rise by as much as 15% to 20% to offset a surge in jet fuel costs. The company already instated five fare increases late in the first quarter, along with higher baggage fees, which it said have started to offset rising fuel costs.
The carrier also forecast second-quarter and full-year profits below Wall Street estimates and said it expected to recover only 40-50% of the increase in fuel prices through fares and other revenue measures in the second quarter, improving to 70-80% in the third and to as much as 85-100% by the fourth.
VIETJET VJC.HM
The Vietnamese budget airline said it had adjusted flight frequency on selected routes due to potential fuel shortages.
VIETNAM AIRLINES HVN.HM
The carrier plans to cancel 23 flights per week across domestic routes from April, Vietnam's aviation authority said, after the airline requested government assistance to remove an environmental tax on jet fuel.
VIRGIN ATLANTIC
The airline is adding fuel surcharges to fares but will still struggle to return to profitability this year, its CEO Corneel Koster told the Financial Times.
VIRGIN AUSTRALIA VGN.AX
Virgin Australia said it expected an increase in jet fuel cost of around A$30 million-A$40 million for the second half of this fiscal year, and a 1% reduction in capacity in the fourth quarter.
VOLOTEA
The Spanish low-cost airline introduced a new pricing policy linking ticket prices to fuel costs, which could potentially add a post-purchase surcharge of up to 14 euros per passenger, per flight.
WESTJET
The Canadian airline has cut seat capacity for June, the Globe and Mail reported. The Canadian Press previously reported that the carrier would add a C$60 ($44) fuel surcharge to some bookings and combine flights as costs soar.
($1 = 157.1700 yen/6.8300 Chinese yuan renminbi/0.8539 euros/95.0875 Indian rupees/0.7378 pounds/1.3910 Australian dollars/1.3601 Canadian dollars)
(Reporting by Aishwarya Jain, Bernadette Hogg, Dimitri Rhodes, Mireia Merino and Marleen Kaesebier; Editing by Matt Scuffham, Milla Nissi-Prussak, Leroy Leo, Hugh Lawson and Nick Zieminski)
Updates Alaska Air, Lufthansa, adds Latam Airlines
May 6 (Reuters) - A surge in jet fuel prices from $85-$90 to $150-$200 per barrel amid the U.S.-Israeli war on Iran has blindsided the aviation industry, where fuel accounts for up to a quarter of operating expenses, forcing airlines to raise fares and revise their financial outlooks.
Below is a list of how airlines are responding, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
The Greek airline expects suspended Middle East flights and a spike in fuel prices to have a "notable impact" on its first-quarter results.
AIRASIA X AIRX.KL
The Malaysian airline's executives said the company had cut 10% of flights across the group, with a surcharge of about 20% on fuel in general.
AIR CANADA AC.TO
Canada's largest carrier has suspended its full-year guidance due to jet fuel price volatility.
The company had previously announced plans to trim four of its 38 daily flights to New York due to higher fuel prices.
AIR CHINA 601111.SS, CHINA SOUTHERN AIRLINES 600029.SS, CHINA EASTERN AIRLINES 600115.SS
China's 'big three' airlines have lifted surcharges on domestic routes to 60 yuan ($8.78) for flights under 800 km and 120 yuan for those over 800 km, from 10 yuan and 20 yuan, respectively.
AIR FRANCE-KLM AIRF.PA
The airline group said it expected a $2.4 billion increase in its fuel bill this year and downgraded its capacity outlook to an increase of 2% to 4% from 2025. It previously expected an increase of 3% to 5%.
The group previously announced plans to increase long-haul ticket prices to address surging fuel costs, with cabin fares set to rise by 50 euros ($59) per round trip.
The group's Dutch arm KLM said on April 16 it would cancel 160 flights in Europe in the coming month due to rising fuel costs.
AIR INDIA
The Indian carrier said it would revise its fuel surcharge from a flat domestic surcharge to a distance-based grid. It said surcharges on international routes did not compensate for the exponential rise in fuel prices.
AIR NEW ZEALAND AIR.NZ
The airline said on April 7 it would slash flights through May and June and hike fares, having been one of the first to announce broad increases to ticket prices when the conflict broke out. It also suspended its full-year earnings forecast due to fuel market volatility.
AIR TRANSAT TRZ.TO
The Canadian airline said it would reduce planned capacity by 6% from May until October this year, with cuts expected on routes to Europe and the Caribbean and its service to Cuba remaining suspended until October.
AKASA AIR
India's Akasa Air said it was introducing a fuel surcharge ranging between 199 and 1,300 Indian rupees ($2 to $14) on domestic and international flights.
ALASKA AIR ALK.N
The U.S. airline launched a $500 million debt offering as the sharp rise in fuel prices puts pressure on margins.
The carrier previously withdrew its full-year profit forecast and warned of a steep hit to second-quarter earnings. It has also trimmed capacity in some markets.
AMERICAN AIRLINES AAL.O
The U.S. carrier slashed its 2026 profit forecast, pushing the lower end of expectations to a loss, and said it expected its jet fuel bill to increase by more than $4 billion this year.
It has hiked checked baggage fees by $10 each for the first and second bags and by $150 for the third bag on domestic and short-haul international flights, and trimmed certain benefits for economy passengers.
ANA 9202.T
The Japanese airline said higher fuel prices would lift costs by about 140 billion yen ($890 million) this year, though hedging, fares and cost cuts are expected to limit the impact to around 60 billion yen. It said it is considering introducing a domestic fuel surcharge in the financial year from April 2027.
ASIANA AIRLINES 020560.KS
The South Korean airline will slash 22 flights between April and July due to the fuel cost increase, Newsis reported.
CEBU AIR CEB.PS
The Philippines-based airline said the sharp rise in fuel prices was a key concern and it would continue to review its pricing and network strategies to mitigate the impact.
DELTA AIR LINES DAL.N
Delta said it would cut capacity by around 3.5 percentage points from its original plan and raise fees for checked bags in an attempt to offset soaring jet fuel costs, with an increase of $10 on first and second checked bags and a $50 increase on the third.
The U.S. airline pulled all planned capacity growth for the current quarter and forecast profit below Wall Street expectations.
EASYJET EZJ.L
EasyJet warned of a bigger half-year pre-tax loss of between 540 million and 560 million pounds ($732 million and $759 million), including 25 million pounds in extra fuel costs in March.
FRONTIER AIRLINES ULCC.O
A group of U.S. budget airlines including Frontier has pitched a $2.5 billion relief plan to the U.S. government, the Wall Street Journal reported. The figure is based on how much more the group expects to pay for jet fuel this year compared to earlier forecasts, the report said.
The carrier has said it is reviewing its full-year forecast as fuel prices have increased significantly since it issued it.
GREATER BAY AIRLINES
The Hong Kong-based company said it would raise fuel surcharges on most routes from April 1, while keeping them unchanged on mainland China and Japan routes.
HONG KONG AIRLINES
The airline said it would raise fuel surcharges by up to 35% from March 12, with the sharpest increase on flights between Hong Kong and the Maldives, Bangladesh and Nepal, where charges would rise to HK$384 from HK$284.
IAG ICAG.L
British Airways-owner IAG said it would raise ticket prices to reflect higher jet fuel costs, as, despite its fuel hedges, it was "not immune" to the broader fallout from fuel cost volatility.
INDIGO INGL.NS
India's biggest airline said it would introduce fuel charges on domestic and international flights from March 14, including a charge of 900 rupees for flights to the Middle East and a charge of 2,300 rupees for flights to Europe.
JETBLUE AIRWAYS JBLU.O
JetBlue said it would slow hiring, cut capacity and hike fares to soften the impact of soaring jet fuel costs, and its CEO Joanna Geraghty said on an earnings call the airline suspended its full-year outlook.
KOREAN AIR
The South Korean carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters.
LATAM AIRLINES LTM.SN
The Chile-based carrier cut its 2026 core earnings forecast after higher jet fuel prices drove up costs.
LUFTHANSA LHAG.DE
The German airline group said it would face a 1.7 billion euro hit from jet fuel prices in 2026.
Its subsidiary ITA Airways said it would raise ticket prices between 5% and 10% in 2026 to compensate for the rising fuel costs.
In April, the group unveiled a new "Economy Basic" low-cost fare option for short- and medium-haul flights, which will limit free carry-on bags to only a "laptop bag or a small backpack".
The group previously said 20,000 short-haul flights would be removed from its schedule through October, equivalent to about 40,000 metric tons of jet fuel.
PAKISTAN INTERNATIONAL AIRLINES
The carrier said it would raise domestic flight fares by $20 and international fares by up to $100, citing higher fuel surcharges.
QANTAS AIRWAYS QAN.AX
Australia's Qantas said it had delayed a planned A$150 million ($108 million) buyback and was raising its estimated fuel bill for the second half of 2026 to A$3.1 billion-A$3.3 billion, from a previous A$2.5 billion forecast.
SAS
The Scandinavian airline said it would cancel 1,000 flights in April because of high oil and jet fuel prices, after cancelling a "couple hundred" flights in March.
SPIRIT AIRLINES
The U.S. low-cost carrier shut down abruptly after collapsing under financial pressures, including the sharp rise in fuel costs due to the Iran war.
SPRING AIRLINES 601021.SS
The budget Chinese airline said it would raise fuel surcharges on domestic flights from April 5, with details to be announced later.
SOUTHWEST AIRLINES LUV.N
The U.S. carrier forecast second-quarter profit below market expectations and its CEO warned the jet fuel spike would be a billion-dollar headwind for the airline in the quarter.
It had previously hiked checked baggage fees by $10 for the first and second bags, raising costs to $45 for the first bag and $55 for the second.
TAP
The Portuguese airline said its price hikes would partially mitigate the impact of fuel price changes on its revenue.
THAI AIRASIA
The Thai low-cost carrier said it would reduce overall seat capacity by an average of 30% between May and June to mitigate the impact of aviation fuel prices and softening demand.
THAI AIRWAYS THAI.BK
The Thailand-based carrier said it would raise fares by 10% to 15% to address rising fuel costs.
TUI TUI1n.DE
The European airline and tour operator cut its full-year underlying profit outlook and suspended revenue guidance, saying it had incurred about 40 million euros in extra costs due to the war in March, including repatriation efforts and operational disruptions.
TURKISH AIRLINES THYAO.IS, LUFTHANSA LHAG.DE
SunExpress, a joint venture between Turkish Airlines and Lufthansa, said it would impose a temporary fuel surcharge of 10 euros per passenger on routes between Turkey and mainland Europe. The surcharge will apply to bookings made on or after April 1 for departures on or after May 1.
Turkish Airlines said on April 10 it had decided not to distribute any dividend from its 2025 net profit, opting to retain earnings to preserve cash.
T'WAY AIR 091810.KS
The South Korean low-cost carrier said it planned to furlough some of its cabin crew without pay in May and June as part of measures to address the impact of the war.
UNITED AIRLINES UAL.O
The U.S. airline's CEO Scott Kirby said ticket prices may need to rise by as much as 15% to 20% to offset a surge in jet fuel costs. The company already instated five fare increases late in the first quarter, along with higher baggage fees, which it said have started to offset rising fuel costs.
The carrier also forecast second-quarter and full-year profits below Wall Street estimates and said it expected to recover only 40-50% of the increase in fuel prices through fares and other revenue measures in the second quarter, improving to 70-80% in the third and to as much as 85-100% by the fourth.
VIETJET VJC.HM
The Vietnamese budget airline said it had adjusted flight frequency on selected routes due to potential fuel shortages.
VIETNAM AIRLINES HVN.HM
The carrier plans to cancel 23 flights per week across domestic routes from April, Vietnam's aviation authority said, after the airline requested government assistance to remove an environmental tax on jet fuel.
VIRGIN ATLANTIC
The airline is adding fuel surcharges to fares but will still struggle to return to profitability this year, its CEO Corneel Koster told the Financial Times.
VIRGIN AUSTRALIA VGN.AX
Virgin Australia said it expected an increase in jet fuel cost of around A$30 million-A$40 million for the second half of this fiscal year, and a 1% reduction in capacity in the fourth quarter.
VOLOTEA
The Spanish low-cost airline introduced a new pricing policy linking ticket prices to fuel costs, which could potentially add a post-purchase surcharge of up to 14 euros per passenger, per flight.
WESTJET
The Canadian airline has cut seat capacity for June, the Globe and Mail reported. The Canadian Press previously reported that the carrier would add a C$60 ($44) fuel surcharge to some bookings and combine flights as costs soar.
($1 = 157.1700 yen/6.8300 Chinese yuan renminbi/0.8539 euros/95.0875 Indian rupees/0.7378 pounds/1.3910 Australian dollars/1.3601 Canadian dollars)
(Reporting by Aishwarya Jain, Bernadette Hogg, Dimitri Rhodes, Mireia Merino and Marleen Kaesebier; Editing by Matt Scuffham, Milla Nissi-Prussak, Leroy Leo, Hugh Lawson and Nick Zieminski)
May 5 (Reuters) - Interglobe Aviation Ltd INGL.NS:
AN INCIDENT INVOLVING CUSTOMER'S ELECTRONIC EQUIPMENT CATCHING FIRE WAS REPORTED ON INDIGO FLIGHT FROM HYDERABAD TO CHANDIGARH - INDIGO SPOKESPERSON
AIRCRAFT WILL UNDERGO NECESSARY CHECKS BEFORE RESUMING OPERATIONS - INDIGO SPOKESPERSON
Further company coverage: INGL.NS
(([email protected];))
May 5 (Reuters) - Interglobe Aviation Ltd INGL.NS:
AN INCIDENT INVOLVING CUSTOMER'S ELECTRONIC EQUIPMENT CATCHING FIRE WAS REPORTED ON INDIGO FLIGHT FROM HYDERABAD TO CHANDIGARH - INDIGO SPOKESPERSON
AIRCRAFT WILL UNDERGO NECESSARY CHECKS BEFORE RESUMING OPERATIONS - INDIGO SPOKESPERSON
Further company coverage: INGL.NS
(([email protected];))
Updates Air France, Emirates, Lufthansa Group, Qatar Airways, Malaysia Airlines, SunExpress under Turkish Airlines
May 4 (Reuters) - Middle Eastern carriers have ramped up capacity after severe disruption from the Iran war, while airlines outside the Gulf reroute flights between Europe and Asia away from major hubs in the region.
Below is the latest on flights, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
Greece's largest carrier will resume flights to Tel Aviv from Heraklion, Rhodes and Larnaca on May 21. Flights from Thessaloniki to Tel Aviv are cancelled until June 26.
The airline will resume flights to Beirut on May 12 and to Riyadh and Amman on May 21. Flights to Dubai are cancelled until June 29, and to Erbil and Baghdad until July 2.
AIRBALTIC
Latvia's airBaltic says flights to Tel Aviv have been cancelled until June 28. Flights to Dubai are cancelled until October 24.
AIR CANADA AC.TO
The Canadian carrier has cancelled flights to Tel Aviv and Dubai until September 7.
AIR EUROPA
The Spanish airline has cancelled flights to Tel Aviv until May 31.
AIR FRANCE-KLM AIRF.PA
Air France has suspended its Tel Aviv, Beirut and Dubai flights until May 20 and to Riyadh until May 12.
KLM has suspended flights to Riyadh and Dammam until June 14 and to Dubai until June 22.
CATHAY PACIFIC 0293.HK
The Hong Kong airline has suspended flights to Dubai and Riyadh until June 30 and cargo freighter services to Dubai and Riyadh until May 31. It plans to operate all scheduled flights beyond June.
DELTA DAL.N
The U.S. carrier has extended its suspension of services for the Atlanta-Tel Aviv route through November 30 and plans to resume New York-JFK to Tel Aviv on September 6. It said the launch of its Boston-Tel Aviv route, planned for late October, has been delayed until further notice.
EL AL ISRAEL AIRLINES ELAL.TA
The Israeli carrier said it is continuing to gradually expand operations, and from April 27 will operate flights to about 40 active gateways. All flights to Dubai are cancelled until May 31.
EMIRATES
The UAE airline said it is now operating to 137 destinations.
ETIHAD AIRWAYS
The United Arab Emirates carrier said it is operating a commercial flight schedule between Abu Dhabi and around 80 destinations.
FINNAIR FIA1S.HE
The Finnish carrier has cancelled its Doha flights until July 2, while continuing to avoid the airspace of Iraq, Iran, Syria and Israel. It will only restart Dubai flights in October.
IAG ICAG.L
IAG-owned British Airways is reducing flights to the Middle East when services resume, permanently dropping Jeddah as a destination, while adding capacity to India and Africa.
It plans to reduce services to Dubai, Doha and Tel Aviv to one daily flight from July 1, and to cut Riyadh services from two daily flights to one from mid‑May. Changes apply through the summer season that ends on October 24, with one Dubai service restarting on October 16.
IAG's Spanish low-cost airline Iberia Express has cancelled flights to Tel Aviv through May 31.
JAPAN AIRLINES 9201.T
Japan Airlines has suspended scheduled Tokyo-Doha flights until May 31 and Doha-Tokyo flights until June 1.
LOT
The Polish airline suspended flights to Tel Aviv until May 31. It also cancelled flights to Riyadh until June 30 and to Beirut from March 31 to May 30. LOT plans to operate its winter route to Dubai in October.
LUFTHANSA GROUP LHAG.DE
Lufthansa, Swiss, Austrian Airlines, Brussels Airlines and Edelweiss have suspended flights to Tel Aviv until May 31 and to Dubai until July 11. Flights to Amman, Beirut, Dammam, Riyadh, Erbil, Muscat and Tehran are suspended until October 24.
Low-cost carrier Eurowings suspended flights to Tel Aviv until July 9, to Beirut until June 12, to Erbil until June 22 and to Dubai, Abu Dhabi and Amman until October 24.
ITA Airways extended the suspension of flights to Tel Aviv, Riyadh and Dubai until May 31.
MALAYSIA AIRLINES
The Malaysian carrier will resume limited services to Doha from June 2.
NORWEGIAN AIR NAS.OL
The low-cost airline has pushed back planned launches of its Tel Aviv and Beirut services to June 15.
PEGASUS PGSUS.IS
Turkey's Pegasus Airlines cancelled its Iran, Iraq, Amman, Beirut, Kuwait, Bahrain, Doha, Dammam, Riyadh, Dubai, Abu Dhabi and Sharjah flights until June 1.
QANTAS QAN.AX
Australia's flag carrier is adding flights to Rome and Paris to meet an upswing in demand for European routes. Flights to Paris will increase to five return flights per week from three and the Perth-Singapore service will increase from daily to 10 a week. An updated schedule will come into effect progressively for flights from mid-April and run until late July.
QATAR AIRWAYS
The carrier said it will resume passenger flights to Baghdad, Basra and Erbil airports in Iraq starting on May 10. It said it is expanding its international flight network to over 150 destinations from June 16.
ROYAL AIR MAROC
The Moroccan carrier said flights to Doha were cancelled until June 30 and those to Dubai until May 31.
SINGAPORE AIRLINES SIAL.SI
The carrier extended its Singapore-Dubai flight suspension until May 31, while adding services on the Singapore-London Gatwick and Singapore-Melbourne routes from late March until October 24 to meet higher demand.
TURKISH AIRLINES THYAO.IS
SunExpress, Turkish Airlines' joint venture with Lufthansa, has cancelled flights to Dubai until June 7.
WIZZ AIR WIZZ.L
The low-cost airline is delaying the return of flights to Israel until May 4, and suspending flights to Dubai, Abu Dhabi and Amman from mainland European destinations until mid-September. All flights to Medina suspended indefinitely.
(Compiled by Josephine Mason, Jamie Freed, Elviira Luoma, Tiago Brandao, Agnieszka Olenska, Bernadette Hogg, Boleslaw Lasocki and Romolo Tosiani. Editing by Rod Nickel, Lisa Shumaker, Jonathan Ananda, Matt Scuffham and Alexander Smith)
(([email protected];))
Updates Air France, Emirates, Lufthansa Group, Qatar Airways, Malaysia Airlines, SunExpress under Turkish Airlines
May 4 (Reuters) - Middle Eastern carriers have ramped up capacity after severe disruption from the Iran war, while airlines outside the Gulf reroute flights between Europe and Asia away from major hubs in the region.
Below is the latest on flights, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
Greece's largest carrier will resume flights to Tel Aviv from Heraklion, Rhodes and Larnaca on May 21. Flights from Thessaloniki to Tel Aviv are cancelled until June 26.
The airline will resume flights to Beirut on May 12 and to Riyadh and Amman on May 21. Flights to Dubai are cancelled until June 29, and to Erbil and Baghdad until July 2.
AIRBALTIC
Latvia's airBaltic says flights to Tel Aviv have been cancelled until June 28. Flights to Dubai are cancelled until October 24.
AIR CANADA AC.TO
The Canadian carrier has cancelled flights to Tel Aviv and Dubai until September 7.
AIR EUROPA
The Spanish airline has cancelled flights to Tel Aviv until May 31.
AIR FRANCE-KLM AIRF.PA
Air France has suspended its Tel Aviv, Beirut and Dubai flights until May 20 and to Riyadh until May 12.
KLM has suspended flights to Riyadh and Dammam until June 14 and to Dubai until June 22.
CATHAY PACIFIC 0293.HK
The Hong Kong airline has suspended flights to Dubai and Riyadh until June 30 and cargo freighter services to Dubai and Riyadh until May 31. It plans to operate all scheduled flights beyond June.
DELTA DAL.N
The U.S. carrier has extended its suspension of services for the Atlanta-Tel Aviv route through November 30 and plans to resume New York-JFK to Tel Aviv on September 6. It said the launch of its Boston-Tel Aviv route, planned for late October, has been delayed until further notice.
EL AL ISRAEL AIRLINES ELAL.TA
The Israeli carrier said it is continuing to gradually expand operations, and from April 27 will operate flights to about 40 active gateways. All flights to Dubai are cancelled until May 31.
EMIRATES
The UAE airline said it is now operating to 137 destinations.
ETIHAD AIRWAYS
The United Arab Emirates carrier said it is operating a commercial flight schedule between Abu Dhabi and around 80 destinations.
FINNAIR FIA1S.HE
The Finnish carrier has cancelled its Doha flights until July 2, while continuing to avoid the airspace of Iraq, Iran, Syria and Israel. It will only restart Dubai flights in October.
IAG ICAG.L
IAG-owned British Airways is reducing flights to the Middle East when services resume, permanently dropping Jeddah as a destination, while adding capacity to India and Africa.
It plans to reduce services to Dubai, Doha and Tel Aviv to one daily flight from July 1, and to cut Riyadh services from two daily flights to one from mid‑May. Changes apply through the summer season that ends on October 24, with one Dubai service restarting on October 16.
IAG's Spanish low-cost airline Iberia Express has cancelled flights to Tel Aviv through May 31.
JAPAN AIRLINES 9201.T
Japan Airlines has suspended scheduled Tokyo-Doha flights until May 31 and Doha-Tokyo flights until June 1.
LOT
The Polish airline suspended flights to Tel Aviv until May 31. It also cancelled flights to Riyadh until June 30 and to Beirut from March 31 to May 30. LOT plans to operate its winter route to Dubai in October.
LUFTHANSA GROUP LHAG.DE
Lufthansa, Swiss, Austrian Airlines, Brussels Airlines and Edelweiss have suspended flights to Tel Aviv until May 31 and to Dubai until July 11. Flights to Amman, Beirut, Dammam, Riyadh, Erbil, Muscat and Tehran are suspended until October 24.
Low-cost carrier Eurowings suspended flights to Tel Aviv until July 9, to Beirut until June 12, to Erbil until June 22 and to Dubai, Abu Dhabi and Amman until October 24.
ITA Airways extended the suspension of flights to Tel Aviv, Riyadh and Dubai until May 31.
MALAYSIA AIRLINES
The Malaysian carrier will resume limited services to Doha from June 2.
NORWEGIAN AIR NAS.OL
The low-cost airline has pushed back planned launches of its Tel Aviv and Beirut services to June 15.
PEGASUS PGSUS.IS
Turkey's Pegasus Airlines cancelled its Iran, Iraq, Amman, Beirut, Kuwait, Bahrain, Doha, Dammam, Riyadh, Dubai, Abu Dhabi and Sharjah flights until June 1.
QANTAS QAN.AX
Australia's flag carrier is adding flights to Rome and Paris to meet an upswing in demand for European routes. Flights to Paris will increase to five return flights per week from three and the Perth-Singapore service will increase from daily to 10 a week. An updated schedule will come into effect progressively for flights from mid-April and run until late July.
QATAR AIRWAYS
The carrier said it will resume passenger flights to Baghdad, Basra and Erbil airports in Iraq starting on May 10. It said it is expanding its international flight network to over 150 destinations from June 16.
ROYAL AIR MAROC
The Moroccan carrier said flights to Doha were cancelled until June 30 and those to Dubai until May 31.
SINGAPORE AIRLINES SIAL.SI
The carrier extended its Singapore-Dubai flight suspension until May 31, while adding services on the Singapore-London Gatwick and Singapore-Melbourne routes from late March until October 24 to meet higher demand.
TURKISH AIRLINES THYAO.IS
SunExpress, Turkish Airlines' joint venture with Lufthansa, has cancelled flights to Dubai until June 7.
WIZZ AIR WIZZ.L
The low-cost airline is delaying the return of flights to Israel until May 4, and suspending flights to Dubai, Abu Dhabi and Amman from mainland European destinations until mid-September. All flights to Medina suspended indefinitely.
(Compiled by Josephine Mason, Jamie Freed, Elviira Luoma, Tiago Brandao, Agnieszka Olenska, Bernadette Hogg, Boleslaw Lasocki and Romolo Tosiani. Editing by Rod Nickel, Lisa Shumaker, Jonathan Ananda, Matt Scuffham and Alexander Smith)
(([email protected];))
Updates Aegean, KLM under Air France-KLM
April 30 (Reuters) - Middle Eastern carriers have ramped up capacity in recent weeks after severe disruption from the U.S.-Israeli war with Iran, while airlines outside the Gulf continue to reroute flights between Europe and Asia away from major hubs in the region.
Below is the latest on flights, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
Greece's largest carrier resumed flights to Tel Aviv from Athens on April 28, and will resume flights to Tel Aviv from Heraklion, Rhodes and Larnaca on May 21. Flights from Thessaloniki to Tel Aviv are cancelled until June 26.
The airline will resume flights to Beirut on May 12 and to Riyadh and Amman on May 21. Flights to Dubai are cancelled until June 29, and to Erbil and Baghdad until July 2.
AIRBALTIC
Latvia's airBaltic says flights to Tel Aviv have been cancelled until June 28. Flights to Dubai are cancelled until October 24.
AIR CANADA AC.TO
The Canadian carrier has cancelled flights to Tel Aviv and Dubai until September 7.
AIR EUROPA
The Spanish airline has cancelled flights to Tel Aviv until May 31.
AIR FRANCE-KLM AIRF.PA
Air France has suspended its Tel Aviv, Beirut, Dubai and Riyadh flights until May 10.
KLM has suspended flights to Riyadh and Dammam until June 14 and to Dubai until June 22.
CATHAY PACIFIC 0293.HK
The Hong Kong airline has suspended flights to Dubai and Riyadh until June 30 and cargo freighter services to Dubai and Riyadh until May 31. To cater for a surge in demand to Europe, it will operate extra passenger flights to London, Paris and Zurich in April. It plans to operate all scheduled flights beyond June.
DELTA DAL.N
The U.S. carrier has extended its suspension of services for the Atlanta-Tel Aviv route through November 30 and plans to resume New York-JFK to Tel Aviv on September 6. It said the launch of its Boston-Tel Aviv route, planned for late October, has been delayed until further notice.
EL AL ISRAEL AIRLINES ELAL.TA
The Israeli carrier said it is continuing to gradually expand operations, and from April 27 will operate flights to about 40 active gateways. All flights to Dubai are cancelled until May 31.
EMIRATES
The UAE airline has said it is operating a reduced flight schedule, flying to more than 100 destinations.
ETIHAD AIRWAYS
The United Arab Emirates carrier said it is operating a commercial flight schedule between Abu Dhabi and around 80 destinations.
FINNAIR FIA1S.HE
The Finnish carrier has cancelled its Doha flights until July 2, while continuing to avoid the airspace of Iraq, Iran, Syria and Israel. The airline only restarts its Dubai flights in October.
IAG ICAG.L
IAG-owned British Airways is reducing flights to the Middle East when services resume, permanently dropping Jeddah as a destination, while adding capacity to India and Africa.
It plans to reduce services to Dubai, Doha and Tel Aviv to one daily flight from July 1, and to cut Riyadh services from two daily flights to one from mid‑May. Changes apply through the summer season that ends on October 24, with one Dubai service restarting on October 16.
IAG's Spanish low-cost airline Iberia Express has cancelled flights to Tel Aviv through May 31.
JAPAN AIRLINES 9201.T
Japan Airlines has suspended scheduled Tokyo-Doha flights until May 31 and Doha-Tokyo flights until June 1.
LOT
The Polish airline suspended its flights to Tel Aviv until May 31. It also cancelled flights to Riyadh until June 30 and to Beirut from March 31 to May 30. The airline plans to operate its winter route to Dubai in October.
LUFTHANSA GROUP LHAG.DE
Lufthansa, Swiss, Austrian Airlines, Brussels Airlines and Edelweiss have suspended flights to Dubai and Tel Aviv until May 31. Flights to Abu Dhabi, Amman, Beirut, Dammam, Riyadh, Erbil, Muscat and Tehran are suspended until October 24.
Low-cost carrier Eurowings suspended flights to Tel Aviv until May 11, to Beirut and Erbil until May 14 and to Dubai, Abu Dhabi and Amman until October 24.
ITA Airways extended the suspension of flights to Tel Aviv, Riyadh and Dubai until May 31.
MALAYSIA AIRLINES
The Malaysian carrier suspended flights to Doha until June 14.
NORWEGIAN AIR NAS.OL
The low-cost airline has pushed back planned launches of its Tel Aviv and Beirut services to June 15.
PEGASUS PGSUS.IS
Turkey's Pegasus Airlines cancelled its Iran, Iraq, Amman, Beirut, Kuwait, Bahrain, Doha, Dammam, Riyadh, Dubai, Abu Dhabi and Sharjah flights until June 1.
QANTAS QAN.AX
Australia's flag carrier is adding flights to Rome and Paris to meet an upswing in demand for European routes. Flights to Paris will increase to five return flights per week from three and the Perth-Singapore service will increase from daily to 10 flights per week. An updated schedule will come into effect progressively for flights from mid-April and run until late July.
QATAR AIRWAYS
Qatar Airways will restart daily flights to Damascus, Bahrain and Kozhikode from May 1. The carrier said it is expanding its international flight network to over 150 destinations from June 16.
ROYAL AIR MAROC
The Moroccan carrier said flights to Doha were cancelled until June 30 and those to Dubai until May 31.
SINGAPORE AIRLINES SIAL.SI
The carrier extended its Singapore-Dubai flight suspension until May 31, while adding services on the Singapore-London Gatwick and Singapore-Melbourne routes from late March until October 24 to meet higher demand.
TURKISH AIRLINES THYAO.IS
SunExpress, Turkish Airlines' joint venture with Lufthansa, has cancelled flights to Dubai until May 21.
WIZZ AIR WIZZ.L
The low-cost airline is delaying the return of flights to Israel until May 4, and is suspending flights to Dubai, Abu Dhabi and Amman from mainland European destinations until mid-September. All flights to Medina have been suspended indefinitely.
(Compiled by Josephine Mason, Jamie Freed, Elviira Luoma, Tiago Brandao, Agnieszka Olenska, Bernadette Hogg, Boleslaw Lasocki and Romolo Tosiani. Editing by Rod Nickel, Lisa Shumaker, Jonathan Ananda and Matt Scuffham)
(([email protected];))
Updates Aegean, KLM under Air France-KLM
April 30 (Reuters) - Middle Eastern carriers have ramped up capacity in recent weeks after severe disruption from the U.S.-Israeli war with Iran, while airlines outside the Gulf continue to reroute flights between Europe and Asia away from major hubs in the region.
Below is the latest on flights, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
Greece's largest carrier resumed flights to Tel Aviv from Athens on April 28, and will resume flights to Tel Aviv from Heraklion, Rhodes and Larnaca on May 21. Flights from Thessaloniki to Tel Aviv are cancelled until June 26.
The airline will resume flights to Beirut on May 12 and to Riyadh and Amman on May 21. Flights to Dubai are cancelled until June 29, and to Erbil and Baghdad until July 2.
AIRBALTIC
Latvia's airBaltic says flights to Tel Aviv have been cancelled until June 28. Flights to Dubai are cancelled until October 24.
AIR CANADA AC.TO
The Canadian carrier has cancelled flights to Tel Aviv and Dubai until September 7.
AIR EUROPA
The Spanish airline has cancelled flights to Tel Aviv until May 31.
AIR FRANCE-KLM AIRF.PA
Air France has suspended its Tel Aviv, Beirut, Dubai and Riyadh flights until May 10.
KLM has suspended flights to Riyadh and Dammam until June 14 and to Dubai until June 22.
CATHAY PACIFIC 0293.HK
The Hong Kong airline has suspended flights to Dubai and Riyadh until June 30 and cargo freighter services to Dubai and Riyadh until May 31. To cater for a surge in demand to Europe, it will operate extra passenger flights to London, Paris and Zurich in April. It plans to operate all scheduled flights beyond June.
DELTA DAL.N
The U.S. carrier has extended its suspension of services for the Atlanta-Tel Aviv route through November 30 and plans to resume New York-JFK to Tel Aviv on September 6. It said the launch of its Boston-Tel Aviv route, planned for late October, has been delayed until further notice.
EL AL ISRAEL AIRLINES ELAL.TA
The Israeli carrier said it is continuing to gradually expand operations, and from April 27 will operate flights to about 40 active gateways. All flights to Dubai are cancelled until May 31.
EMIRATES
The UAE airline has said it is operating a reduced flight schedule, flying to more than 100 destinations.
ETIHAD AIRWAYS
The United Arab Emirates carrier said it is operating a commercial flight schedule between Abu Dhabi and around 80 destinations.
FINNAIR FIA1S.HE
The Finnish carrier has cancelled its Doha flights until July 2, while continuing to avoid the airspace of Iraq, Iran, Syria and Israel. The airline only restarts its Dubai flights in October.
IAG ICAG.L
IAG-owned British Airways is reducing flights to the Middle East when services resume, permanently dropping Jeddah as a destination, while adding capacity to India and Africa.
It plans to reduce services to Dubai, Doha and Tel Aviv to one daily flight from July 1, and to cut Riyadh services from two daily flights to one from mid‑May. Changes apply through the summer season that ends on October 24, with one Dubai service restarting on October 16.
IAG's Spanish low-cost airline Iberia Express has cancelled flights to Tel Aviv through May 31.
JAPAN AIRLINES 9201.T
Japan Airlines has suspended scheduled Tokyo-Doha flights until May 31 and Doha-Tokyo flights until June 1.
LOT
The Polish airline suspended its flights to Tel Aviv until May 31. It also cancelled flights to Riyadh until June 30 and to Beirut from March 31 to May 30. The airline plans to operate its winter route to Dubai in October.
LUFTHANSA GROUP LHAG.DE
Lufthansa, Swiss, Austrian Airlines, Brussels Airlines and Edelweiss have suspended flights to Dubai and Tel Aviv until May 31. Flights to Abu Dhabi, Amman, Beirut, Dammam, Riyadh, Erbil, Muscat and Tehran are suspended until October 24.
Low-cost carrier Eurowings suspended flights to Tel Aviv until May 11, to Beirut and Erbil until May 14 and to Dubai, Abu Dhabi and Amman until October 24.
ITA Airways extended the suspension of flights to Tel Aviv, Riyadh and Dubai until May 31.
MALAYSIA AIRLINES
The Malaysian carrier suspended flights to Doha until June 14.
NORWEGIAN AIR NAS.OL
The low-cost airline has pushed back planned launches of its Tel Aviv and Beirut services to June 15.
PEGASUS PGSUS.IS
Turkey's Pegasus Airlines cancelled its Iran, Iraq, Amman, Beirut, Kuwait, Bahrain, Doha, Dammam, Riyadh, Dubai, Abu Dhabi and Sharjah flights until June 1.
QANTAS QAN.AX
Australia's flag carrier is adding flights to Rome and Paris to meet an upswing in demand for European routes. Flights to Paris will increase to five return flights per week from three and the Perth-Singapore service will increase from daily to 10 flights per week. An updated schedule will come into effect progressively for flights from mid-April and run until late July.
QATAR AIRWAYS
Qatar Airways will restart daily flights to Damascus, Bahrain and Kozhikode from May 1. The carrier said it is expanding its international flight network to over 150 destinations from June 16.
ROYAL AIR MAROC
The Moroccan carrier said flights to Doha were cancelled until June 30 and those to Dubai until May 31.
SINGAPORE AIRLINES SIAL.SI
The carrier extended its Singapore-Dubai flight suspension until May 31, while adding services on the Singapore-London Gatwick and Singapore-Melbourne routes from late March until October 24 to meet higher demand.
TURKISH AIRLINES THYAO.IS
SunExpress, Turkish Airlines' joint venture with Lufthansa, has cancelled flights to Dubai until May 21.
WIZZ AIR WIZZ.L
The low-cost airline is delaying the return of flights to Israel until May 4, and is suspending flights to Dubai, Abu Dhabi and Amman from mainland European destinations until mid-September. All flights to Medina have been suspended indefinitely.
(Compiled by Josephine Mason, Jamie Freed, Elviira Luoma, Tiago Brandao, Agnieszka Olenska, Bernadette Hogg, Boleslaw Lasocki and Romolo Tosiani. Editing by Rod Nickel, Lisa Shumaker, Jonathan Ananda and Matt Scuffham)
(([email protected];))
Updates Delta
April 29 (Reuters) - Middle Eastern carriers have ramped up capacity in recent weeks after severe disruption from the U.S.-Israeli war with Iran, while airlines outside the Gulf continue to reroute flights between Europe and Asia away from major hubs in the region.
Below is the latest on flights, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
Greece's largest carrier will resume flights to Tel Aviv from Athens on April 28, from Heraklion on April 30 and from Rhodes and Larnaca on May 21. Flights from Thessaloniki to Tel Aviv are cancelled until June 26.
It will resume flights to Riyadh and Amman on May 21. Flights to Beirut are cancelled until June 26, to Dubai until June 29, and to Erbil and Baghdad until July 2.
AIRBALTIC
Latvia's airBaltic says flights to Tel Aviv have been cancelled until June 28. Flights to Dubai are cancelled until October 24.
AIR CANADA AC.TO
The Canadian carrier has cancelled flights to Tel Aviv and Dubai until September 7.
AIR EUROPA
The Spanish airline has cancelled flights to Tel Aviv until May 31.
AIR FRANCE-KLM AIRF.PA
Air France has suspended its Tel Aviv, Beirut, Dubai and Riyadh flights until May 10.
KLM has suspended flights to Riyadh, Dammam and Dubai until June 14.
CATHAY PACIFIC 0293.HK
The Hong Kong airline has suspended flights to Dubai and Riyadh until June 30 and cargo freighter services to Dubai and Riyadh until May 31. To cater for a surge in demand to Europe, it will operate extra passenger flights to London, Paris and Zurich in April. It plans to operate all scheduled flights beyond June.
DELTA DAL.N
The U.S. carrier has extended its suspension of services for the Atlanta-Tel Aviv route through November 30 and plans to resume New York-JFK to Tel Aviv on September 6.
It said the launch of its Boston-Tel Aviv route, planned for late October, has been delayed until further notice.
EL AL ISRAEL AIRLINES ELAL.TA
The Israeli carrier said it is continuing to gradually expand operations, and from April 27 will operate flights to about 40 active gateways. All flights to Dubai are cancelled until May 31.
EMIRATES
The UAE airline has said it is operating a reduced flight schedule, flying to more than 100 destinations.
ETIHAD AIRWAYS
The United Arab Emirates carrier said it is operating a commercial flight schedule between Abu Dhabi and around 80 destinations.
FINNAIR FIA1S.HE
The Finnish carrier has cancelled its Doha flights until July 2, while continuing to avoid the airspace of Iraq, Iran, Syria and Israel. The airline only restarts its Dubai flights in October.
IAG ICAG.L
IAG-owned British Airways is reducing flights to the Middle East when services resume, permanently dropping Jeddah as a destination, while adding capacity to India and Africa.
It plans to reduce services to Dubai, Doha and Tel Aviv to one daily flight from July 1, and to cut Riyadh services from two daily flights to one from mid‑May. Changes apply through the summer season that ends on October 24, with one Dubai service restarting on October 16.
IAG's Spanish low-cost airline Iberia Express has cancelled flights to Tel Aviv through May 31.
JAPAN AIRLINES 9201.T
Japan Airlines has suspended scheduled Tokyo-Doha flights until May 31 and Doha-Tokyo flights until June 1.
LOT
The Polish airline suspended its flights to Tel Aviv until May 31. It also cancelled flights to Riyadh until June 30 and to Beirut from March 31 to May 30. The airline plans to operate its winter route to Dubai in October.
LUFTHANSA GROUP LHAG.DE
Lufthansa, Swiss, Austrian Airlines, Brussels Airlines and Edelweiss have suspended flights to Dubai and Tel Aviv until May 31. Flights to Abu Dhabi, Amman, Beirut, Dammam, Riyadh, Erbil, Muscat and Tehran are suspended until October 24.
Low-cost carrier Eurowings suspended flights to Tel Aviv until May 11, to Beirut and Erbil until May 14 and to Dubai, Abu Dhabi and Amman until October 24.
ITA Airways extended the suspension of flights to Tel Aviv, Riyadh and Dubai until May 31.
MALAYSIA AIRLINES
The Malaysian carrier suspended flights to Doha until June 14.
NORWEGIAN AIR NAS.OL
The low-cost airline has pushed back planned launches of its Tel Aviv and Beirut services to June 15.
PEGASUS PGSUS.IS
Turkey's Pegasus Airlines cancelled its Iran, Iraq, Amman, Beirut, Kuwait, Bahrain, Doha, Dammam, Riyadh, Dubai, Abu Dhabi and Sharjah flights until June 1.
QANTAS QAN.AX
Australia's flag carrier is adding flights to Rome and Paris to meet an upswing in demand for European routes. Flights to Paris will increase to five return flights per week from three and the Perth-Singapore service will increase from daily to 10 flights per week. An updated schedule will come into effect progressively for flights from mid-April and run until late July.
QATAR AIRWAYS
The carrier will restart daily flights to Damascus, Bahrain and Kozhikode from May 1. Qatar Airways says it is expanding its international flight network to over 150 destinations from June 16.
ROYAL AIR MAROC
The Moroccan carrier said flights to Doha were cancelled until June 30 and those to Dubai until May 31.
SINGAPORE AIRLINES SIAL.SI
The carrier extended its Singapore-Dubai flight suspension until May 31, while adding services on the Singapore-London Gatwick and Singapore-Melbourne routes from late March until October 24 to meet higher demand.
TURKISH AIRLINES THYAO.IS
SunExpress, Turkish Airlines' joint venture with Lufthansa, has cancelled flights to Dubai until May 21.
WIZZ AIR WIZZ.L
The low-cost airline is delaying the return of flights to Israel until May 4, and is suspending flights to Dubai, Abu Dhabi and Amman from mainland European destinations until mid-September. All flights to Medina have been suspended indefinitely.
(Compiled by Josephine Mason, Jamie Freed, Elviira Luoma, Tiago Brandao, Agnieszka Olenska, Bernadette Hogg, Boleslaw Lasocki and Romolo Tosiani. Editing by Rod Nickel, Lisa Shumaker and Jonathan Ananda)
(([email protected];))
Updates Delta
April 29 (Reuters) - Middle Eastern carriers have ramped up capacity in recent weeks after severe disruption from the U.S.-Israeli war with Iran, while airlines outside the Gulf continue to reroute flights between Europe and Asia away from major hubs in the region.
Below is the latest on flights, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
Greece's largest carrier will resume flights to Tel Aviv from Athens on April 28, from Heraklion on April 30 and from Rhodes and Larnaca on May 21. Flights from Thessaloniki to Tel Aviv are cancelled until June 26.
It will resume flights to Riyadh and Amman on May 21. Flights to Beirut are cancelled until June 26, to Dubai until June 29, and to Erbil and Baghdad until July 2.
AIRBALTIC
Latvia's airBaltic says flights to Tel Aviv have been cancelled until June 28. Flights to Dubai are cancelled until October 24.
AIR CANADA AC.TO
The Canadian carrier has cancelled flights to Tel Aviv and Dubai until September 7.
AIR EUROPA
The Spanish airline has cancelled flights to Tel Aviv until May 31.
AIR FRANCE-KLM AIRF.PA
Air France has suspended its Tel Aviv, Beirut, Dubai and Riyadh flights until May 10.
KLM has suspended flights to Riyadh, Dammam and Dubai until June 14.
CATHAY PACIFIC 0293.HK
The Hong Kong airline has suspended flights to Dubai and Riyadh until June 30 and cargo freighter services to Dubai and Riyadh until May 31. To cater for a surge in demand to Europe, it will operate extra passenger flights to London, Paris and Zurich in April. It plans to operate all scheduled flights beyond June.
DELTA DAL.N
The U.S. carrier has extended its suspension of services for the Atlanta-Tel Aviv route through November 30 and plans to resume New York-JFK to Tel Aviv on September 6.
It said the launch of its Boston-Tel Aviv route, planned for late October, has been delayed until further notice.
EL AL ISRAEL AIRLINES ELAL.TA
The Israeli carrier said it is continuing to gradually expand operations, and from April 27 will operate flights to about 40 active gateways. All flights to Dubai are cancelled until May 31.
EMIRATES
The UAE airline has said it is operating a reduced flight schedule, flying to more than 100 destinations.
ETIHAD AIRWAYS
The United Arab Emirates carrier said it is operating a commercial flight schedule between Abu Dhabi and around 80 destinations.
FINNAIR FIA1S.HE
The Finnish carrier has cancelled its Doha flights until July 2, while continuing to avoid the airspace of Iraq, Iran, Syria and Israel. The airline only restarts its Dubai flights in October.
IAG ICAG.L
IAG-owned British Airways is reducing flights to the Middle East when services resume, permanently dropping Jeddah as a destination, while adding capacity to India and Africa.
It plans to reduce services to Dubai, Doha and Tel Aviv to one daily flight from July 1, and to cut Riyadh services from two daily flights to one from mid‑May. Changes apply through the summer season that ends on October 24, with one Dubai service restarting on October 16.
IAG's Spanish low-cost airline Iberia Express has cancelled flights to Tel Aviv through May 31.
JAPAN AIRLINES 9201.T
Japan Airlines has suspended scheduled Tokyo-Doha flights until May 31 and Doha-Tokyo flights until June 1.
LOT
The Polish airline suspended its flights to Tel Aviv until May 31. It also cancelled flights to Riyadh until June 30 and to Beirut from March 31 to May 30. The airline plans to operate its winter route to Dubai in October.
LUFTHANSA GROUP LHAG.DE
Lufthansa, Swiss, Austrian Airlines, Brussels Airlines and Edelweiss have suspended flights to Dubai and Tel Aviv until May 31. Flights to Abu Dhabi, Amman, Beirut, Dammam, Riyadh, Erbil, Muscat and Tehran are suspended until October 24.
Low-cost carrier Eurowings suspended flights to Tel Aviv until May 11, to Beirut and Erbil until May 14 and to Dubai, Abu Dhabi and Amman until October 24.
ITA Airways extended the suspension of flights to Tel Aviv, Riyadh and Dubai until May 31.
MALAYSIA AIRLINES
The Malaysian carrier suspended flights to Doha until June 14.
NORWEGIAN AIR NAS.OL
The low-cost airline has pushed back planned launches of its Tel Aviv and Beirut services to June 15.
PEGASUS PGSUS.IS
Turkey's Pegasus Airlines cancelled its Iran, Iraq, Amman, Beirut, Kuwait, Bahrain, Doha, Dammam, Riyadh, Dubai, Abu Dhabi and Sharjah flights until June 1.
QANTAS QAN.AX
Australia's flag carrier is adding flights to Rome and Paris to meet an upswing in demand for European routes. Flights to Paris will increase to five return flights per week from three and the Perth-Singapore service will increase from daily to 10 flights per week. An updated schedule will come into effect progressively for flights from mid-April and run until late July.
QATAR AIRWAYS
The carrier will restart daily flights to Damascus, Bahrain and Kozhikode from May 1. Qatar Airways says it is expanding its international flight network to over 150 destinations from June 16.
ROYAL AIR MAROC
The Moroccan carrier said flights to Doha were cancelled until June 30 and those to Dubai until May 31.
SINGAPORE AIRLINES SIAL.SI
The carrier extended its Singapore-Dubai flight suspension until May 31, while adding services on the Singapore-London Gatwick and Singapore-Melbourne routes from late March until October 24 to meet higher demand.
TURKISH AIRLINES THYAO.IS
SunExpress, Turkish Airlines' joint venture with Lufthansa, has cancelled flights to Dubai until May 21.
WIZZ AIR WIZZ.L
The low-cost airline is delaying the return of flights to Israel until May 4, and is suspending flights to Dubai, Abu Dhabi and Amman from mainland European destinations until mid-September. All flights to Medina have been suspended indefinitely.
(Compiled by Josephine Mason, Jamie Freed, Elviira Luoma, Tiago Brandao, Agnieszka Olenska, Bernadette Hogg, Boleslaw Lasocki and Romolo Tosiani. Editing by Rod Nickel, Lisa Shumaker and Jonathan Ananda)
(([email protected];))
Updates Aegean, adds Kuwait Airways
April 24 (Reuters) - Global air travel remains severely disrupted, with many people unable to fly as planned after the Iran war forced the closure of major Middle Eastern hubs, including Dubai, Doha and Abu Dhabi.
Below is the latest on flights, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
Greece's largest carrier will resume flights to Tel Aviv from Athens on April 28, from Heraklion on April 30 and from Rhodes and Larnaca on May 21. Flights from Thessaloniki to Tel Aviv are cancelled until June 26.
It will resume flights to Riyadh and Amman on May 21. Flights to Beirut are cancelled until June 26, to Dubai until June 29, and to Erbil and Baghdad until July 2.
AIRBALTIC
Latvia's airBaltic says flights to Tel Aviv have been cancelled until May 31. Flights to Dubai are cancelled until October 24.
AIR CANADA AC.TO
The Canadian carrier has cancelled flights to Tel Aviv and Dubai until September 7.
AIR EUROPA
The Spanish airline has cancelled flights to Tel Aviv until May 31.
AIR FRANCE-KLM AIRF.PA
Air France has suspended its Tel Aviv, Beirut, Dubai and Riyadh flights until May 3.
KLM has suspended flights to Riyadh, Dammam and Dubai until June 14.
CATHAY PACIFIC 0293.HK
The Hong Kong airline has suspended flights to Dubai and Riyadh until June 30 and cargo freighter services to Dubai and Riyadh until May 31. To cater for a surge in demand to Europe, it will operate extra passenger flights to London, Paris and Zurich in April. It plans to operate all scheduled flights beyond June.
DELTA DAL.N
The U.S. carrier has cancelled its New York-Tel Aviv flights and delayed the restart of its Atlanta-Tel Aviv route until September 5. It said the launch of its Boston-Tel Aviv route, planned for late October, has been delayed until further notice.
EL AL ISRAEL AIRLINES ELAL.TA
The Israeli carrier said it is continuing to gradually expand operations, and from April 27 will operate flights to about 40 active gateways. All flights to Dubai are cancelled until May 31.
EMIRATES
The UAE airline has said it is operating a reduced flight schedule, flying to more than 100 destinations.
ETIHAD AIRWAYS
The UAE carrier said it is operating a commercial flight schedule between Abu Dhabi and around 80 destinations.
FINNAIR FIA1S.HE
The Finnish carrier has cancelled its Doha flights until July 2, while continuing to avoid the airspace of Iraq, Iran, Syria and Israel. The airline only restarts its Dubai flights in October.
IAG ICAG.L
IAG-owned British Airways is reducing flights to the Middle East when services resume, permanently dropping Jeddah as a destination, while adding capacity to India and Africa.
It plans to reduce services to Dubai, Doha and Tel Aviv to one daily flight from July 1, and to cut Riyadh services from two daily flights to one from mid‑May. Changes apply through the summer season that ends on October 24, with one Dubai service restarting on October 16.
IAG's Spanish low-cost airline Iberia Express has cancelled flights to Tel Aviv through May 31.
KUWAIT AIRWAYS
The airline resumes flights to 17 destinations from Kuwait International Airport on April 26 after authorities reopened the country's airspace. Jazeera Airways, another Kuwaiti airline, restarts service to nine destinations from Kuwait after temporarily shifting operations to Saudi Arabia.
JAPAN AIRLINES 9201.T
Japan Airlines has suspended scheduled Tokyo-Doha flights until May 31 and Doha-Tokyo flights until June 1. The airline will also operate extra flights between Tokyo and London on April 25.
LOT
The Polish airline suspended its flights to Tel Aviv until May 31. It also cancelled flights to Riyadh until June 30 and to Beirut from March 31 to May 30. The airline plans to operate its winter route to Dubai in October.
LUFTHANSA GROUP LHAG.DE
Lufthansa, Swiss, Austrian Airlines, Brussels Airlines and Edelweiss have suspended flights to Dubai and Tel Aviv until May 31. Flights to Abu Dhabi, Amman, Beirut, Dammam, Riyadh, Erbil, Muscat and Tehran are suspended until October 24.
Low-cost carrier Eurowings suspended flights to Tel Aviv until May 11, to Beirut and Erbil until May 14 and to Dubai, Abu Dhabi and Amman until October 24.
ITA Airways extended the suspension of flights to Tel Aviv, Riyadh and Dubai until May 31.
MALAYSIA AIRLINES
The Malaysian carrier suspended flights to Doha until June 14.
NORWEGIAN AIR NAS.OL
The low-cost airline has pushed back planned launches of its Tel Aviv and Beirut services to June 15.
PEGASUS PGSUS.IS
Turkey's Pegasus Airlines cancelled its Iran, Iraq, Amman, Beirut, Kuwait, Bahrain, Doha, Dammam, Riyadh, Dubai, Abu Dhabi and Sharjah flights until June 1.
QANTAS QAN.AX
Australia's flag carrier is adding flights to Rome and Paris to meet an upswing in demand for European routes. Flights to Paris will increase to five return flights per week from three and the Perth-Singapore service will increase from daily to 10 flights per week. An updated schedule will come into effect progressively for flights from mid-April and run until late July.
QATAR AIRWAYS
The carrier resumed flights to Dubai and Sharjah from April 23 and will restart daily flights to Damascus from May 1.
ROYAL AIR MAROC
The Moroccan carrier said flights to Doha were cancelled until June 30 and those to Dubai until May 31.
SINGAPORE AIRLINES SIAL.SI
The carrier extended its Singapore-Dubai flight suspension until May 31, while adding services on the Singapore-London Gatwick and Singapore-Melbourne routes from late March until October 24 to meet higher demand.
TURKISH AIRLINES THYAO.IS
SunExpress, Turkish Airlines' joint venture with Lufthansa, has cancelled flights to Dubai until April 30.
WIZZ AIR WIZZ.L
The low-cost airline is delaying the return of flights to Israel until May 4, and is suspending flights to Dubai, Abu Dhabi and Amman from mainland European destinations until mid-September. All flights to Medina have been suspended indefinitely.
(Compiled by Josephine Mason, Jamie Freed, Elviira Luoma, Tiago Brandao, Agnieszka Olenska, Bernadette Hogg, Boleslaw Lasocki and Romolo Tosiani. Editing by Sumana Nandy, Joe Bavier, Mark Potter, Milla Nissi-Prussak, Susan Fenton, Rod Nickel)
(([email protected];))
Updates Aegean, adds Kuwait Airways
April 24 (Reuters) - Global air travel remains severely disrupted, with many people unable to fly as planned after the Iran war forced the closure of major Middle Eastern hubs, including Dubai, Doha and Abu Dhabi.
Below is the latest on flights, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
Greece's largest carrier will resume flights to Tel Aviv from Athens on April 28, from Heraklion on April 30 and from Rhodes and Larnaca on May 21. Flights from Thessaloniki to Tel Aviv are cancelled until June 26.
It will resume flights to Riyadh and Amman on May 21. Flights to Beirut are cancelled until June 26, to Dubai until June 29, and to Erbil and Baghdad until July 2.
AIRBALTIC
Latvia's airBaltic says flights to Tel Aviv have been cancelled until May 31. Flights to Dubai are cancelled until October 24.
AIR CANADA AC.TO
The Canadian carrier has cancelled flights to Tel Aviv and Dubai until September 7.
AIR EUROPA
The Spanish airline has cancelled flights to Tel Aviv until May 31.
AIR FRANCE-KLM AIRF.PA
Air France has suspended its Tel Aviv, Beirut, Dubai and Riyadh flights until May 3.
KLM has suspended flights to Riyadh, Dammam and Dubai until June 14.
CATHAY PACIFIC 0293.HK
The Hong Kong airline has suspended flights to Dubai and Riyadh until June 30 and cargo freighter services to Dubai and Riyadh until May 31. To cater for a surge in demand to Europe, it will operate extra passenger flights to London, Paris and Zurich in April. It plans to operate all scheduled flights beyond June.
DELTA DAL.N
The U.S. carrier has cancelled its New York-Tel Aviv flights and delayed the restart of its Atlanta-Tel Aviv route until September 5. It said the launch of its Boston-Tel Aviv route, planned for late October, has been delayed until further notice.
EL AL ISRAEL AIRLINES ELAL.TA
The Israeli carrier said it is continuing to gradually expand operations, and from April 27 will operate flights to about 40 active gateways. All flights to Dubai are cancelled until May 31.
EMIRATES
The UAE airline has said it is operating a reduced flight schedule, flying to more than 100 destinations.
ETIHAD AIRWAYS
The UAE carrier said it is operating a commercial flight schedule between Abu Dhabi and around 80 destinations.
FINNAIR FIA1S.HE
The Finnish carrier has cancelled its Doha flights until July 2, while continuing to avoid the airspace of Iraq, Iran, Syria and Israel. The airline only restarts its Dubai flights in October.
IAG ICAG.L
IAG-owned British Airways is reducing flights to the Middle East when services resume, permanently dropping Jeddah as a destination, while adding capacity to India and Africa.
It plans to reduce services to Dubai, Doha and Tel Aviv to one daily flight from July 1, and to cut Riyadh services from two daily flights to one from mid‑May. Changes apply through the summer season that ends on October 24, with one Dubai service restarting on October 16.
IAG's Spanish low-cost airline Iberia Express has cancelled flights to Tel Aviv through May 31.
KUWAIT AIRWAYS
The airline resumes flights to 17 destinations from Kuwait International Airport on April 26 after authorities reopened the country's airspace. Jazeera Airways, another Kuwaiti airline, restarts service to nine destinations from Kuwait after temporarily shifting operations to Saudi Arabia.
JAPAN AIRLINES 9201.T
Japan Airlines has suspended scheduled Tokyo-Doha flights until May 31 and Doha-Tokyo flights until June 1. The airline will also operate extra flights between Tokyo and London on April 25.
LOT
The Polish airline suspended its flights to Tel Aviv until May 31. It also cancelled flights to Riyadh until June 30 and to Beirut from March 31 to May 30. The airline plans to operate its winter route to Dubai in October.
LUFTHANSA GROUP LHAG.DE
Lufthansa, Swiss, Austrian Airlines, Brussels Airlines and Edelweiss have suspended flights to Dubai and Tel Aviv until May 31. Flights to Abu Dhabi, Amman, Beirut, Dammam, Riyadh, Erbil, Muscat and Tehran are suspended until October 24.
Low-cost carrier Eurowings suspended flights to Tel Aviv until May 11, to Beirut and Erbil until May 14 and to Dubai, Abu Dhabi and Amman until October 24.
ITA Airways extended the suspension of flights to Tel Aviv, Riyadh and Dubai until May 31.
MALAYSIA AIRLINES
The Malaysian carrier suspended flights to Doha until June 14.
NORWEGIAN AIR NAS.OL
The low-cost airline has pushed back planned launches of its Tel Aviv and Beirut services to June 15.
PEGASUS PGSUS.IS
Turkey's Pegasus Airlines cancelled its Iran, Iraq, Amman, Beirut, Kuwait, Bahrain, Doha, Dammam, Riyadh, Dubai, Abu Dhabi and Sharjah flights until June 1.
QANTAS QAN.AX
Australia's flag carrier is adding flights to Rome and Paris to meet an upswing in demand for European routes. Flights to Paris will increase to five return flights per week from three and the Perth-Singapore service will increase from daily to 10 flights per week. An updated schedule will come into effect progressively for flights from mid-April and run until late July.
QATAR AIRWAYS
The carrier resumed flights to Dubai and Sharjah from April 23 and will restart daily flights to Damascus from May 1.
ROYAL AIR MAROC
The Moroccan carrier said flights to Doha were cancelled until June 30 and those to Dubai until May 31.
SINGAPORE AIRLINES SIAL.SI
The carrier extended its Singapore-Dubai flight suspension until May 31, while adding services on the Singapore-London Gatwick and Singapore-Melbourne routes from late March until October 24 to meet higher demand.
TURKISH AIRLINES THYAO.IS
SunExpress, Turkish Airlines' joint venture with Lufthansa, has cancelled flights to Dubai until April 30.
WIZZ AIR WIZZ.L
The low-cost airline is delaying the return of flights to Israel until May 4, and is suspending flights to Dubai, Abu Dhabi and Amman from mainland European destinations until mid-September. All flights to Medina have been suspended indefinitely.
(Compiled by Josephine Mason, Jamie Freed, Elviira Luoma, Tiago Brandao, Agnieszka Olenska, Bernadette Hogg, Boleslaw Lasocki and Romolo Tosiani. Editing by Sumana Nandy, Joe Bavier, Mark Potter, Milla Nissi-Prussak, Susan Fenton, Rod Nickel)
(([email protected];))
Adds Air Transat, updates Cathay Pacific, Southwest Airlines, United Airlines
April 23 (Reuters) - A surge in jet fuel prices driven by the U.S.-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise their financial outlooks.
Jet fuel prices have soared from $85 to $90 per barrel to $150 to $200 per barrel in recent weeks, a financial hit for an industry where fuel accounts for up to a quarter of operating expenses.
Below is a list of how airlines are responding, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
The Greek airline expects suspended Middle East flights and a spike in fuel prices to have a "notable impact" on its first-quarter results.
AIRASIA X AIRX.KL
The Malaysian airline's executives said the company had cut 10% of flights across the group, with a surcharge of about 20% on fuel in general.
AIR CANADA AC.TO
Canada's largest carrier plans to trim four of its 38 daily flights to New York due to higher fuel prices. The four flights to JFK International Airport will be cut from June 1 to October 25, 2026.
AIR FRANCE-KLM AIRF.PA
The airline group said it planned to increase long-haul ticket prices to address surging fuel costs, with cabin fares set to rise by 50 euros ($59) per round trip.
The group's Dutch arm KLM said on April 16 it would cancel 160 flights in Europe in the coming month due to rising fuel costs.
AIR INDIA
The Indian carrier said it would revise its fuel surcharge from a flat domestic surcharge to a distance-based grid. It said surcharges on international routes did not compensate for the exponential rise in fuel prices.
AIR NEW ZEALAND AIR.NZ
The airline said on April 7 it would slash flights through May and June and hike fares, having been one of the first to announce broad increases to ticket prices when the conflict broke out. It also suspended its full-year earnings forecast due to fuel market volatility.
AIR TRANSAT TRZ.TO
The Canadian airline said it would reduce planned capacity by 6% from May until October this year, with cuts expected on routes to Europe and the Caribbean and its service to Cuba remaining suspended until October.
AKASA AIR
India's Akasa Air said it was introducing a fuel surcharge ranging between 199 and 1,300 Indian rupees ($2 to $14) on domestic and international flights.
ALASKA AIR ALK.N
The carrier withdrew its full-year profit forecast and warned of a steep hit to second-quarter earnings as the sharp rise in fuel prices puts pressure on margins. It has also trimmed capacity in some markets.
AMERICAN AIRLINES AAL.O
The U.S. carrier said it would hike checked baggage fees by $10 each for the first and second checked bags and by $150 for the third checked bag on domestic and short-haul international flights. It also trimmed certain benefits for economy passengers.
ASIANA AIRLINES 020560.KS
The South Korean airline will slash 22 flights between April and July due to the fuel cost increase, Newsis reported.
CATHAY PACIFIC 0293.HK
The airline raised HK$2.08 billion ($265.58 million) from three-year fixed-rate notes at a yield of 3.78%, according to a term sheet seen by Reuters on Wednesday.
CEBU AIR CEB.PS
The Philippines-based airline said the sharp rise in fuel prices was a key concern and it would continue to review its pricing and network strategies to mitigate the impact.
CHINA EASTERN AIRLINES 600115.SS
The airline said it would raise fuel surcharges for domestic flights from April 5, with flights of 800 km and below hit with a 60 yuan ($9) surcharge and a 120 yuan surcharge for flights over 800 km.
DELTA AIR LINES DAL.N
Delta said it would cut capacity by around 3.5 percentage points from its original plan and raise fees for checked bags in an attempt to offset soaring jet fuel costs, with an increase of $10 on first and second checked bags and a $50 increase on the third.
The U.S. airline pulled all planned capacity growth for the current quarter and forecast profit below Wall Street expectations.
EASYJET EZJ.L
EasyJet warned of a bigger half-year pre-tax loss of between 540 million and 560 million pounds ($729 million and $756 million), including 25 million pounds in extra fuel costs in March.
FRONTIER AIRLINES ULCC.O
The U.S. airline is reviewing its full-year forecast as fuel prices have increased significantly since it issued the outlook.
GREATER BAY AIRLINES
The Hong Kong-based company said it would raise fuel surcharges on most routes from April 1, while keeping them unchanged on mainland China and Japan routes.
HONG KONG AIRLINES
The airline said it would raise fuel surcharges by up to 35% from March 12, with the sharpest increase on flights between Hong Kong and the Maldives, Bangladesh and Nepal, where charges would rise to HK$384 from HK$284.
IAG ICAG.L
British Airways-owner IAG said in March it did not plan to increase ticket prices immediately, as it had hedged much of its fuel for the short- to medium-term.
INDIGO INGL.NS
India's biggest airline said it would introduce fuel charges on domestic and international flights from March 14, including a charge of 900 rupees for flights to the Middle East and a charge of 2,300 rupees for flights to Europe.
JETBLUE AIRWAYS JBLU.O
Joanna Geraghty, CEO of the U.S.-based low-cost carrier, told employees in a memo seen by Reuters that the carrier would not consider bankruptcy this year, even as rising jet fuel costs threaten its financial recovery. The company entered a $500 million debt financing agreement, according to an SEC filing.
KOREAN AIR
The South Korean carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters.
LUFTHANSA LHAG.DE
The airline group said 20,000 short-haul flights would be removed from its schedule through October, equivalent to about 40,000 metric tons of jet fuel. The German company previously said it would ground 27 planes servicing its short-haul CityLine subsidiary earlier than planned.
PAKISTAN INTERNATIONAL AIRLINES
The carrier said it would raise domestic flight fares by $20 and international fares by up to $100, citing higher fuel surcharges.
QANTAS AIRWAYS QAN.AX
Australia's Qantas said it had delayed a planned A$150 million ($107 million) buyback and was raising its estimated fuel bill for the second half of 2026 to A$3.1 billion-A$3.3 billion, from a previous A$2.5 billion forecast.
SAS
The Scandinavian airline said it would cancel 1,000 flights in April because of high oil and jet fuel prices, after cancelling a "couple hundred" flights in March.
SPIRIT AIRLINES
The U.S. low-cost carrier asked the Trump administration for hundreds of millions of dollars in emergency funding to offset rising fuel prices and stave off a possible liquidation, Air Current reported citing people familiar with the matter.
SPRING AIRLINES 601021.SS
The budget Chinese airline said it would raise fuel surcharges on domestic flights from April 5, with details to be announced later.
SOUTHWEST AIRLINES LUV.N
The American carrier forecast second-quarter profit below estimates as margins were dented by high fuel prices. It previously said it would hike checked baggage fees by $10 for the first and second bags, raising costs to $45 for the first bag and $55 for the second.
TAP
The Portuguese airline said its price hikes would partially mitigate the impact of fuel price changes on its revenue.
THAI AIRWAYS THAI.BK
The Thailand-based carrier said it would raise fares by 10% to 15% to address rising fuel costs.
TUI TUI1n.DE
The European airline and tour operator cut its full-year underlying profit outlook and suspended revenue guidance, saying it had incurred about 40 million euros in extra costs due to the war in March, including repatriation efforts and operational disruptions.
TURKISH AIRLINES THYAO.IS, LUFTHANSA LHAG.DE
SunExpress, a joint venture between Turkish Airlines and Lufthansa, said it would impose a temporary fuel surcharge of 10 euros per passenger from May 1 on routes between Turkey and Europe. The surcharge will apply to bookings made on or after April 1 for departures on or after May 1.
Turkish Airlines said on April 10 it had decided not to distribute any dividend from its 2025 net profit, opting to retain earnings to preserve cash.
T'WAY AIR 091810.KS
The South Korean low-cost carrier said it planned to furlough some of its cabin crew without pay in May and June as part of measures to address the impact of the war.
UNITED AIRLINES UAL.O
The U.S. airline's CEO Scott Kirby said ticket prices may need to rise by as much as 15% to 20% to offset a surge in jet fuel costs. The company already instated five fare increases late in the first quarter, along with higher baggage fees, which it said have started to offset rising fuel costs.
The carrier also forecast second-quarter and full-year profits below Wall Street estimates and said it expected to recover only 40-50% of the increase in fuel prices through fares and other revenue measures in the second quarter, improving to 70-80% in the third and to as much as 85-100% by the fourth.
VIETJET VJC.HM
The Vietnamese budget airline said it had adjusted flight frequency on selected routes due to potential fuel shortages.
VIETNAM AIRLINES HVN.HM
The carrier plans to cancel 23 flights per week across domestic routes from April, Vietnam's aviation authority said, after the airline requested government assistance to remove an environmental tax on jet fuel.
VIRGIN ATLANTIC
The airline is adding fuel surcharges to fares but will still struggle to return to profitability this year, its CEO Corneel Koster told the Financial Times.
VIRGIN AUSTRALIA VGN.AX
Virgin Australia said it expected an increase in jet fuel cost of around A$30 million-A$40 million for the second half of this fiscal year, and a 1% reduction in capacity in the fourth quarter.
VOLOTEA
The Spanish low-cost airline introduced a new pricing policy linking ticket prices to fuel costs, which could potentially add a post-purchase surcharge of up to 14 euros per passenger, per flight.
WESTJET
The Canadian airline has cut seat capacity for June, the Globe and Mail reported. The Canadian Press previously reported that the carrier would add a C$60 ($44) fuel surcharge to some bookings and combine flights as costs soar.
($1 = 0.8543 euros)
($1 = 94.0300 Indian rupees)
($1 = 7.8320 Hong Kong dollars)
($1 = 6.8302 Chinese yuan renminbi)
($1 = 0.7412 pounds)
($1 = 1.3978 Australian dollars)
($1 = 1.3668 Canadian dollars)
(Reporting by Mireia Merino, Marleen Kaesebier, Bernadette Hogg, Dimitri Rhodes and Aishwarya Jain; Editing by Matt Scuffham, Milla Nissi-Prussak and Leroy Leo)
Adds Air Transat, updates Cathay Pacific, Southwest Airlines, United Airlines
April 23 (Reuters) - A surge in jet fuel prices driven by the U.S.-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise their financial outlooks.
Jet fuel prices have soared from $85 to $90 per barrel to $150 to $200 per barrel in recent weeks, a financial hit for an industry where fuel accounts for up to a quarter of operating expenses.
Below is a list of how airlines are responding, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
The Greek airline expects suspended Middle East flights and a spike in fuel prices to have a "notable impact" on its first-quarter results.
AIRASIA X AIRX.KL
The Malaysian airline's executives said the company had cut 10% of flights across the group, with a surcharge of about 20% on fuel in general.
AIR CANADA AC.TO
Canada's largest carrier plans to trim four of its 38 daily flights to New York due to higher fuel prices. The four flights to JFK International Airport will be cut from June 1 to October 25, 2026.
AIR FRANCE-KLM AIRF.PA
The airline group said it planned to increase long-haul ticket prices to address surging fuel costs, with cabin fares set to rise by 50 euros ($59) per round trip.
The group's Dutch arm KLM said on April 16 it would cancel 160 flights in Europe in the coming month due to rising fuel costs.
AIR INDIA
The Indian carrier said it would revise its fuel surcharge from a flat domestic surcharge to a distance-based grid. It said surcharges on international routes did not compensate for the exponential rise in fuel prices.
AIR NEW ZEALAND AIR.NZ
The airline said on April 7 it would slash flights through May and June and hike fares, having been one of the first to announce broad increases to ticket prices when the conflict broke out. It also suspended its full-year earnings forecast due to fuel market volatility.
AIR TRANSAT TRZ.TO
The Canadian airline said it would reduce planned capacity by 6% from May until October this year, with cuts expected on routes to Europe and the Caribbean and its service to Cuba remaining suspended until October.
AKASA AIR
India's Akasa Air said it was introducing a fuel surcharge ranging between 199 and 1,300 Indian rupees ($2 to $14) on domestic and international flights.
ALASKA AIR ALK.N
The carrier withdrew its full-year profit forecast and warned of a steep hit to second-quarter earnings as the sharp rise in fuel prices puts pressure on margins. It has also trimmed capacity in some markets.
AMERICAN AIRLINES AAL.O
The U.S. carrier said it would hike checked baggage fees by $10 each for the first and second checked bags and by $150 for the third checked bag on domestic and short-haul international flights. It also trimmed certain benefits for economy passengers.
ASIANA AIRLINES 020560.KS
The South Korean airline will slash 22 flights between April and July due to the fuel cost increase, Newsis reported.
CATHAY PACIFIC 0293.HK
The airline raised HK$2.08 billion ($265.58 million) from three-year fixed-rate notes at a yield of 3.78%, according to a term sheet seen by Reuters on Wednesday.
CEBU AIR CEB.PS
The Philippines-based airline said the sharp rise in fuel prices was a key concern and it would continue to review its pricing and network strategies to mitigate the impact.
CHINA EASTERN AIRLINES 600115.SS
The airline said it would raise fuel surcharges for domestic flights from April 5, with flights of 800 km and below hit with a 60 yuan ($9) surcharge and a 120 yuan surcharge for flights over 800 km.
DELTA AIR LINES DAL.N
Delta said it would cut capacity by around 3.5 percentage points from its original plan and raise fees for checked bags in an attempt to offset soaring jet fuel costs, with an increase of $10 on first and second checked bags and a $50 increase on the third.
The U.S. airline pulled all planned capacity growth for the current quarter and forecast profit below Wall Street expectations.
EASYJET EZJ.L
EasyJet warned of a bigger half-year pre-tax loss of between 540 million and 560 million pounds ($729 million and $756 million), including 25 million pounds in extra fuel costs in March.
FRONTIER AIRLINES ULCC.O
The U.S. airline is reviewing its full-year forecast as fuel prices have increased significantly since it issued the outlook.
GREATER BAY AIRLINES
The Hong Kong-based company said it would raise fuel surcharges on most routes from April 1, while keeping them unchanged on mainland China and Japan routes.
HONG KONG AIRLINES
The airline said it would raise fuel surcharges by up to 35% from March 12, with the sharpest increase on flights between Hong Kong and the Maldives, Bangladesh and Nepal, where charges would rise to HK$384 from HK$284.
IAG ICAG.L
British Airways-owner IAG said in March it did not plan to increase ticket prices immediately, as it had hedged much of its fuel for the short- to medium-term.
INDIGO INGL.NS
India's biggest airline said it would introduce fuel charges on domestic and international flights from March 14, including a charge of 900 rupees for flights to the Middle East and a charge of 2,300 rupees for flights to Europe.
JETBLUE AIRWAYS JBLU.O
Joanna Geraghty, CEO of the U.S.-based low-cost carrier, told employees in a memo seen by Reuters that the carrier would not consider bankruptcy this year, even as rising jet fuel costs threaten its financial recovery. The company entered a $500 million debt financing agreement, according to an SEC filing.
KOREAN AIR
The South Korean carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters.
LUFTHANSA LHAG.DE
The airline group said 20,000 short-haul flights would be removed from its schedule through October, equivalent to about 40,000 metric tons of jet fuel. The German company previously said it would ground 27 planes servicing its short-haul CityLine subsidiary earlier than planned.
PAKISTAN INTERNATIONAL AIRLINES
The carrier said it would raise domestic flight fares by $20 and international fares by up to $100, citing higher fuel surcharges.
QANTAS AIRWAYS QAN.AX
Australia's Qantas said it had delayed a planned A$150 million ($107 million) buyback and was raising its estimated fuel bill for the second half of 2026 to A$3.1 billion-A$3.3 billion, from a previous A$2.5 billion forecast.
SAS
The Scandinavian airline said it would cancel 1,000 flights in April because of high oil and jet fuel prices, after cancelling a "couple hundred" flights in March.
SPIRIT AIRLINES
The U.S. low-cost carrier asked the Trump administration for hundreds of millions of dollars in emergency funding to offset rising fuel prices and stave off a possible liquidation, Air Current reported citing people familiar with the matter.
SPRING AIRLINES 601021.SS
The budget Chinese airline said it would raise fuel surcharges on domestic flights from April 5, with details to be announced later.
SOUTHWEST AIRLINES LUV.N
The American carrier forecast second-quarter profit below estimates as margins were dented by high fuel prices. It previously said it would hike checked baggage fees by $10 for the first and second bags, raising costs to $45 for the first bag and $55 for the second.
TAP
The Portuguese airline said its price hikes would partially mitigate the impact of fuel price changes on its revenue.
THAI AIRWAYS THAI.BK
The Thailand-based carrier said it would raise fares by 10% to 15% to address rising fuel costs.
TUI TUI1n.DE
The European airline and tour operator cut its full-year underlying profit outlook and suspended revenue guidance, saying it had incurred about 40 million euros in extra costs due to the war in March, including repatriation efforts and operational disruptions.
TURKISH AIRLINES THYAO.IS, LUFTHANSA LHAG.DE
SunExpress, a joint venture between Turkish Airlines and Lufthansa, said it would impose a temporary fuel surcharge of 10 euros per passenger from May 1 on routes between Turkey and Europe. The surcharge will apply to bookings made on or after April 1 for departures on or after May 1.
Turkish Airlines said on April 10 it had decided not to distribute any dividend from its 2025 net profit, opting to retain earnings to preserve cash.
T'WAY AIR 091810.KS
The South Korean low-cost carrier said it planned to furlough some of its cabin crew without pay in May and June as part of measures to address the impact of the war.
UNITED AIRLINES UAL.O
The U.S. airline's CEO Scott Kirby said ticket prices may need to rise by as much as 15% to 20% to offset a surge in jet fuel costs. The company already instated five fare increases late in the first quarter, along with higher baggage fees, which it said have started to offset rising fuel costs.
The carrier also forecast second-quarter and full-year profits below Wall Street estimates and said it expected to recover only 40-50% of the increase in fuel prices through fares and other revenue measures in the second quarter, improving to 70-80% in the third and to as much as 85-100% by the fourth.
VIETJET VJC.HM
The Vietnamese budget airline said it had adjusted flight frequency on selected routes due to potential fuel shortages.
VIETNAM AIRLINES HVN.HM
The carrier plans to cancel 23 flights per week across domestic routes from April, Vietnam's aviation authority said, after the airline requested government assistance to remove an environmental tax on jet fuel.
VIRGIN ATLANTIC
The airline is adding fuel surcharges to fares but will still struggle to return to profitability this year, its CEO Corneel Koster told the Financial Times.
VIRGIN AUSTRALIA VGN.AX
Virgin Australia said it expected an increase in jet fuel cost of around A$30 million-A$40 million for the second half of this fiscal year, and a 1% reduction in capacity in the fourth quarter.
VOLOTEA
The Spanish low-cost airline introduced a new pricing policy linking ticket prices to fuel costs, which could potentially add a post-purchase surcharge of up to 14 euros per passenger, per flight.
WESTJET
The Canadian airline has cut seat capacity for June, the Globe and Mail reported. The Canadian Press previously reported that the carrier would add a C$60 ($44) fuel surcharge to some bookings and combine flights as costs soar.
($1 = 0.8543 euros)
($1 = 94.0300 Indian rupees)
($1 = 7.8320 Hong Kong dollars)
($1 = 6.8302 Chinese yuan renminbi)
($1 = 0.7412 pounds)
($1 = 1.3978 Australian dollars)
($1 = 1.3668 Canadian dollars)
(Reporting by Mireia Merino, Marleen Kaesebier, Bernadette Hogg, Dimitri Rhodes and Aishwarya Jain; Editing by Matt Scuffham, Milla Nissi-Prussak and Leroy Leo)
Updates Alaska Air, Cathay Pacific, Lufthansa, TUI, United Airlines
April 22 (Reuters) - A surge in jet fuel prices driven by the U.S.-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise their financial outlooks.
Jet fuel prices have soared from $85 to $90 per barrel to $150 to $200 per barrel in recent weeks, a financial hit for an industry where fuel accounts for up to a quarter of operating expenses.
Below is a list of how airlines are responding, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
The Greek airline expects suspended Middle East flights and a spike in fuel prices to have a "notable impact" on its first-quarter results.
AIRASIA X AIRX.KL
The Malaysian airline's executives said the company had cut 10% of flights across the group, with a surcharge of about 20% on fuel in general.
AIR CANADA AC.TO
Canada's largest carrier plans to trim four of its 38 daily flights to New York due to higher fuel prices. The four flights to JFK International Airport will be cut from June 1 to October 25, 2026.
AIR FRANCE-KLM AIRF.PA
The airline group said it planned to increase long-haul ticket prices to address surging fuel costs, with cabin fares set to rise by 50 euros ($59) per round trip.
The group's Dutch arm KLM said on April 16 it would cancel 160 flights in Europe in the coming month due to rising fuel costs.
AIR INDIA
The Indian carrier said it would revise its fuel surcharge from a flat domestic surcharge to a distance-based grid. It said surcharges on international routes did not compensate for the exponential rise in fuel prices.
AIR NEW ZEALAND AIR.NZ
The airline said on April 7 it would slash flights through May and June and hike fares, having been one of the first to announce broad increases to ticket prices when the conflict broke out. It also suspended its full-year earnings forecast due to fuel market volatility.
AKASA AIR
India's Akasa Air said it was introducing a fuel surcharge ranging between 199 and 1,300 Indian rupees ($2 to $14) on domestic and international flights.
ALASKA AIR ALK.N
The carrier withdrew its full-year profit forecast and warned of a steep hit to second-quarter earnings as the sharp rise in fuel prices puts pressure on margins. It has also trimmed capacity in some markets.
AMERICAN AIRLINES AAL.O
The U.S. carrier said it would hike checked baggage fees by $10 each for the first and second checked bags and by $150 for the third checked bag on domestic and short-haul international flights. It also trimmed certain benefits for economy passengers.
ASIANA AIRLINES 020560.KS
The South Korean airline will slash 22 flights between April and July due to the fuel cost increase, Newsis reported.
CATHAY PACIFIC 0293.HK
The airline group plans to issue benchmark-sized three-year Hong Kong dollar senior unsecured fixed-rate notes, with initial price guidance set in the 4.1% area, a term sheet reviewed by Reuters showed on April 22.
CEBU AIR CEB.PS
The Philippines-based airline said the sharp rise in fuel prices was a key concern and it would continue to review its pricing and network strategies to mitigate the impact.
CHINA EASTERN AIRLINES 600115.SS
The airline said it would raise fuel surcharges for domestic flights from April 5, with flights of 800 km and below hit with a 60 yuan ($9) surcharge and a 120 yuan surcharge for flights over 800 km.
DELTA AIR LINES DAL.N
Delta said it would cut capacity by around 3.5 percentage points from its original plan and raise fees for checked bags in an attempt to offset soaring jet fuel costs, with an increase of $10 on first and second checked bags and a $50 increase on the third.
The U.S. airline pulled all planned capacity growth for the current quarter and forecast profit below Wall Street expectations.
EASYJET EZJ.L
EasyJet warned of a bigger half-year pre-tax loss of between 540 million and 560 million pounds ($730 million and $757 million), including 25 million pounds in extra fuel costs in March.
FRONTIER AIRLINES ULCC.O
The U.S. airline is reviewing its full-year forecast as fuel prices have increased significantly since it issued the outlook.
GREATER BAY AIRLINES
The Hong Kong-based company said it would raise fuel surcharges on most routes from April 1, while keeping them unchanged on mainland China and Japan routes.
HONG KONG AIRLINES
The airline said it would raise fuel surcharges by up to 35% from March 12, with the sharpest increase on flights between Hong Kong and the Maldives, Bangladesh and Nepal, where charges would rise to HK$384 ($49) from HK$284.
IAG ICAG.L
British Airways-owner IAG said in March it did not plan to increase ticket prices immediately, as it had hedged much of its fuel for the short- to medium-term.
INDIGO INGL.NS
India's biggest airline said it would introduce fuel charges on domestic and international flights from March 14, including a charge of 900 rupees for flights to the Middle East and a charge of 2,300 rupees for flights to Europe.
JETBLUE AIRWAYS JBLU.O
Joanna Geraghty, CEO of the U.S.-based low-cost carrier, told employees in a memo seen by Reuters that the carrier would not consider bankruptcy this year, even as rising jet fuel costs threaten its financial recovery. The company entered a $500 million debt financing agreement, according to an SEC filing.
KOREAN AIR
The South Korean carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters.
LUFTHANSA LHAG.DE
The airline group said 20,000 short-haul flights would be removed from its schedule through October, equivalent to about 40,000 metric tons of jet fuel. The German company previously said it would ground 27 planes servicing its short-haul CityLine subsidiary earlier than planned.
PAKISTAN INTERNATIONAL AIRLINES
The carrier said it would raise domestic flight fares by $20 and international fares by up to $100, citing higher fuel surcharges.
QANTAS AIRWAYS QAN.AX
Australia's Qantas said it had delayed a planned A$150 million ($107 million) buyback and was raising its estimated fuel bill for the second half of 2026 to A$3.1 billion-A$3.3 billion, from a previous A$2.5 billion forecast.
SAS
The Scandinavian airline said it would cancel 1,000 flights in April because of high oil and jet fuel prices, after cancelling a "couple hundred" flights in March.
SPIRIT AIRLINES
The U.S. low-cost carrier asked the Trump administration for hundreds of millions of dollars in emergency funding to offset rising fuel prices and stave off a possible liquidation, Air Current reported citing people familiar with the matter.
SPRING AIRLINES 601021.SS
The budget Chinese airline said it would raise fuel surcharges on domestic flights from April 5, with details to be announced later.
SOUTHWEST AIRLINES LUV.N
The American carrier said it would hike checked baggage fees by $10 for the first and second bags, raising costs to $45 for the first bag and $55 for the second.
TAP
The Portuguese airline said its price hikes would partially mitigate the impact of fuel price changes on its revenue.
THAI AIRWAYS THAI.BK
The Thailand-based carrier said it would raise fares by 10% to 15% to address rising fuel costs.
TUI TUI1n.DE
The European airline and tour operator cut its full-year underlying profit outlook and suspended revenue guidance, saying it had incurred about 40 million euros in extra costs due to the war in March, including repatriation efforts and operational disruptions.
TURKISH AIRLINES THYAO.IS, LUFTHANSA LHAG.DE
SunExpress, a joint venture between Turkish Airlines and Lufthansa, said it would impose a temporary fuel surcharge of 10 euros per passenger from May 1 on routes between Turkey and Europe. The surcharge will apply to bookings made on or after April 1 for departures on or after May 1.
Turkish Airlines said on April 10 it had decided not to distribute any dividend from its 2025 net profit, opting to retain earnings to preserve cash.
T'WAY AIR 091810.KS
The South Korean low-cost carrier said it planned to furlough some of its cabin crew without pay in May and June as part of measures to address the impact of the war.
UNITED AIRLINES UAL.O
The U.S. airline forecast second-quarter and full-year profits below Wall Street estimates and said it expected to recover only 40-50% of the increase in fuel prices through fares and other revenue measures in the second quarter, improving to 70-80% in the third and to as much as 85-100% by the fourth.
The Chicago-based carrier previously said it was cutting unprofitable flights over the next two quarters and increasing first and second checked bag fees by $10 for customers travelling in the U.S., Mexico, Canada and Latin America.
VIETJET VJC.HM
The Vietnamese budget airline said it had adjusted flight frequency on selected routes due to potential fuel shortages.
VIETNAM AIRLINES HVN.HM
The carrier plans to cancel 23 flights per week across domestic routes from April, Vietnam's aviation authority said, after the airline requested government assistance to remove an environmental tax on jet fuel.
VIRGIN ATLANTIC
The airline is adding fuel surcharges to fares but will still struggle to return to profitability this year, its CEO Corneel Koster told the Financial Times.
VIRGIN AUSTRALIA VGN.AX
Virgin Australia said it expected an increase in jet fuel cost of around A$30 million-A$40 million for the second half of this fiscal year, and a 1% reduction in capacity in the fourth quarter.
VOLOTEA
The Spanish low-cost airline introduced a new pricing policy linking ticket prices to fuel costs, which could potentially add a post-purchase surcharge of up to 14 euros per passenger, per flight.
WESTJET
The Canadian airline has cut seat capacity for June, the Globe and Mail reported. The Canadian Press previously reported that the carrier would add a C$60 ($44) fuel surcharge to some bookings and combine flights as costs soar.
($1 = 0.8509 euros)
($1 = 93.7725 Indian rupees)
($1 = 6.8223 Chinese yuan)
($1 = 0.7394 pounds)
($1 = 7.8315 Hong Kong dollars)
($1 = 1.3961 Australian dollars)
($1 = 1.3652 Canadian dollars)
(Reporting by Mireia Merino, Marleen Kaesebier, Bernadette Hogg, Dimitri Rhodes and Aishwarya Jain; Editing by Matt Scuffham, Milla Nissi-Prussak and Leroy Leo)
Updates Alaska Air, Cathay Pacific, Lufthansa, TUI, United Airlines
April 22 (Reuters) - A surge in jet fuel prices driven by the U.S.-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise their financial outlooks.
Jet fuel prices have soared from $85 to $90 per barrel to $150 to $200 per barrel in recent weeks, a financial hit for an industry where fuel accounts for up to a quarter of operating expenses.
Below is a list of how airlines are responding, in alphabetical order:
AEGEAN AIRLINES AGNr.AT
The Greek airline expects suspended Middle East flights and a spike in fuel prices to have a "notable impact" on its first-quarter results.
AIRASIA X AIRX.KL
The Malaysian airline's executives said the company had cut 10% of flights across the group, with a surcharge of about 20% on fuel in general.
AIR CANADA AC.TO
Canada's largest carrier plans to trim four of its 38 daily flights to New York due to higher fuel prices. The four flights to JFK International Airport will be cut from June 1 to October 25, 2026.
AIR FRANCE-KLM AIRF.PA
The airline group said it planned to increase long-haul ticket prices to address surging fuel costs, with cabin fares set to rise by 50 euros ($59) per round trip.
The group's Dutch arm KLM said on April 16 it would cancel 160 flights in Europe in the coming month due to rising fuel costs.
AIR INDIA
The Indian carrier said it would revise its fuel surcharge from a flat domestic surcharge to a distance-based grid. It said surcharges on international routes did not compensate for the exponential rise in fuel prices.
AIR NEW ZEALAND AIR.NZ
The airline said on April 7 it would slash flights through May and June and hike fares, having been one of the first to announce broad increases to ticket prices when the conflict broke out. It also suspended its full-year earnings forecast due to fuel market volatility.
AKASA AIR
India's Akasa Air said it was introducing a fuel surcharge ranging between 199 and 1,300 Indian rupees ($2 to $14) on domestic and international flights.
ALASKA AIR ALK.N
The carrier withdrew its full-year profit forecast and warned of a steep hit to second-quarter earnings as the sharp rise in fuel prices puts pressure on margins. It has also trimmed capacity in some markets.
AMERICAN AIRLINES AAL.O
The U.S. carrier said it would hike checked baggage fees by $10 each for the first and second checked bags and by $150 for the third checked bag on domestic and short-haul international flights. It also trimmed certain benefits for economy passengers.
ASIANA AIRLINES 020560.KS
The South Korean airline will slash 22 flights between April and July due to the fuel cost increase, Newsis reported.
CATHAY PACIFIC 0293.HK
The airline group plans to issue benchmark-sized three-year Hong Kong dollar senior unsecured fixed-rate notes, with initial price guidance set in the 4.1% area, a term sheet reviewed by Reuters showed on April 22.
CEBU AIR CEB.PS
The Philippines-based airline said the sharp rise in fuel prices was a key concern and it would continue to review its pricing and network strategies to mitigate the impact.
CHINA EASTERN AIRLINES 600115.SS
The airline said it would raise fuel surcharges for domestic flights from April 5, with flights of 800 km and below hit with a 60 yuan ($9) surcharge and a 120 yuan surcharge for flights over 800 km.
DELTA AIR LINES DAL.N
Delta said it would cut capacity by around 3.5 percentage points from its original plan and raise fees for checked bags in an attempt to offset soaring jet fuel costs, with an increase of $10 on first and second checked bags and a $50 increase on the third.
The U.S. airline pulled all planned capacity growth for the current quarter and forecast profit below Wall Street expectations.
EASYJET EZJ.L
EasyJet warned of a bigger half-year pre-tax loss of between 540 million and 560 million pounds ($730 million and $757 million), including 25 million pounds in extra fuel costs in March.
FRONTIER AIRLINES ULCC.O
The U.S. airline is reviewing its full-year forecast as fuel prices have increased significantly since it issued the outlook.
GREATER BAY AIRLINES
The Hong Kong-based company said it would raise fuel surcharges on most routes from April 1, while keeping them unchanged on mainland China and Japan routes.
HONG KONG AIRLINES
The airline said it would raise fuel surcharges by up to 35% from March 12, with the sharpest increase on flights between Hong Kong and the Maldives, Bangladesh and Nepal, where charges would rise to HK$384 ($49) from HK$284.
IAG ICAG.L
British Airways-owner IAG said in March it did not plan to increase ticket prices immediately, as it had hedged much of its fuel for the short- to medium-term.
INDIGO INGL.NS
India's biggest airline said it would introduce fuel charges on domestic and international flights from March 14, including a charge of 900 rupees for flights to the Middle East and a charge of 2,300 rupees for flights to Europe.
JETBLUE AIRWAYS JBLU.O
Joanna Geraghty, CEO of the U.S.-based low-cost carrier, told employees in a memo seen by Reuters that the carrier would not consider bankruptcy this year, even as rising jet fuel costs threaten its financial recovery. The company entered a $500 million debt financing agreement, according to an SEC filing.
KOREAN AIR
The South Korean carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters.
LUFTHANSA LHAG.DE
The airline group said 20,000 short-haul flights would be removed from its schedule through October, equivalent to about 40,000 metric tons of jet fuel. The German company previously said it would ground 27 planes servicing its short-haul CityLine subsidiary earlier than planned.
PAKISTAN INTERNATIONAL AIRLINES
The carrier said it would raise domestic flight fares by $20 and international fares by up to $100, citing higher fuel surcharges.
QANTAS AIRWAYS QAN.AX
Australia's Qantas said it had delayed a planned A$150 million ($107 million) buyback and was raising its estimated fuel bill for the second half of 2026 to A$3.1 billion-A$3.3 billion, from a previous A$2.5 billion forecast.
SAS
The Scandinavian airline said it would cancel 1,000 flights in April because of high oil and jet fuel prices, after cancelling a "couple hundred" flights in March.
SPIRIT AIRLINES
The U.S. low-cost carrier asked the Trump administration for hundreds of millions of dollars in emergency funding to offset rising fuel prices and stave off a possible liquidation, Air Current reported citing people familiar with the matter.
SPRING AIRLINES 601021.SS
The budget Chinese airline said it would raise fuel surcharges on domestic flights from April 5, with details to be announced later.
SOUTHWEST AIRLINES LUV.N
The American carrier said it would hike checked baggage fees by $10 for the first and second bags, raising costs to $45 for the first bag and $55 for the second.
TAP
The Portuguese airline said its price hikes would partially mitigate the impact of fuel price changes on its revenue.
THAI AIRWAYS THAI.BK
The Thailand-based carrier said it would raise fares by 10% to 15% to address rising fuel costs.
TUI TUI1n.DE
The European airline and tour operator cut its full-year underlying profit outlook and suspended revenue guidance, saying it had incurred about 40 million euros in extra costs due to the war in March, including repatriation efforts and operational disruptions.
TURKISH AIRLINES THYAO.IS, LUFTHANSA LHAG.DE
SunExpress, a joint venture between Turkish Airlines and Lufthansa, said it would impose a temporary fuel surcharge of 10 euros per passenger from May 1 on routes between Turkey and Europe. The surcharge will apply to bookings made on or after April 1 for departures on or after May 1.
Turkish Airlines said on April 10 it had decided not to distribute any dividend from its 2025 net profit, opting to retain earnings to preserve cash.
T'WAY AIR 091810.KS
The South Korean low-cost carrier said it planned to furlough some of its cabin crew without pay in May and June as part of measures to address the impact of the war.
UNITED AIRLINES UAL.O
The U.S. airline forecast second-quarter and full-year profits below Wall Street estimates and said it expected to recover only 40-50% of the increase in fuel prices through fares and other revenue measures in the second quarter, improving to 70-80% in the third and to as much as 85-100% by the fourth.
The Chicago-based carrier previously said it was cutting unprofitable flights over the next two quarters and increasing first and second checked bag fees by $10 for customers travelling in the U.S., Mexico, Canada and Latin America.
VIETJET VJC.HM
The Vietnamese budget airline said it had adjusted flight frequency on selected routes due to potential fuel shortages.
VIETNAM AIRLINES HVN.HM
The carrier plans to cancel 23 flights per week across domestic routes from April, Vietnam's aviation authority said, after the airline requested government assistance to remove an environmental tax on jet fuel.
VIRGIN ATLANTIC
The airline is adding fuel surcharges to fares but will still struggle to return to profitability this year, its CEO Corneel Koster told the Financial Times.
VIRGIN AUSTRALIA VGN.AX
Virgin Australia said it expected an increase in jet fuel cost of around A$30 million-A$40 million for the second half of this fiscal year, and a 1% reduction in capacity in the fourth quarter.
VOLOTEA
The Spanish low-cost airline introduced a new pricing policy linking ticket prices to fuel costs, which could potentially add a post-purchase surcharge of up to 14 euros per passenger, per flight.
WESTJET
The Canadian airline has cut seat capacity for June, the Globe and Mail reported. The Canadian Press previously reported that the carrier would add a C$60 ($44) fuel surcharge to some bookings and combine flights as costs soar.
($1 = 0.8509 euros)
($1 = 93.7725 Indian rupees)
($1 = 6.8223 Chinese yuan)
($1 = 0.7394 pounds)
($1 = 7.8315 Hong Kong dollars)
($1 = 1.3961 Australian dollars)
($1 = 1.3652 Canadian dollars)
(Reporting by Mireia Merino, Marleen Kaesebier, Bernadette Hogg, Dimitri Rhodes and Aishwarya Jain; Editing by Matt Scuffham, Milla Nissi-Prussak and Leroy Leo)
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What does Interglobe Aviation do?
InterGlobe Aviation is engaged in the business of aviation, hospitality, logistics, technology, airline management, advanced pilot training and aircraft maintenance engineering. The company is in the low cost carrier (LCC) segment of the airline industry in India. The principal activities of the company comprise of air transportation which includes passenger and cargo services and providing related allied services including in-flight sales.
Who are the competitors of Interglobe Aviation?
Interglobe Aviation major competitors are SpiceJet, Global Vectra Helico. Market Cap of Interglobe Aviation is ₹1,98,188 Crs. While the median market cap of its peers are ₹963 Crs.
Is Interglobe Aviation financially stable compared to its competitors?
Interglobe Aviation seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Interglobe Aviation pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Interglobe Aviation latest dividend payout ratio is 5.32% and 3yr average dividend payout ratio is 5.32%
How has Interglobe Aviation allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments
How strong is Interglobe Aviation balance sheet?
Interglobe Aviation balance sheet is weak and might have solvency issues
Is the profitablity of Interglobe Aviation improving?
No, profit is decreasing. The profit of Interglobe Aviation is -₹2,393.6 Crs for TTM, ₹7,258 Crs for Mar 2025 and ₹8,172 Crs for Mar 2024.
Is the debt of Interglobe Aviation increasing or decreasing?
Yes, The net debt of Interglobe Aviation is increasing. Latest net debt of Interglobe Aviation is -₹22,193 Crs as of Mar-26. This is greater than Mar-25 when it was -₹36,124 Crs.
Is Interglobe Aviation stock expensive?
Interglobe Aviation is not expensive. Latest PE of Interglobe Aviation is 0, while 3 year average PE is 18.83. Also latest EV/EBITDA of Interglobe Aviation is 14.69 while 3yr average is 21.47.
Has the share price of Interglobe Aviation grown faster than its competition?
Interglobe Aviation has given better returns compared to its competitors. Interglobe Aviation has grown at ~17.84% over the last 10yrs while peers have grown at a median rate of -5.0%
Is the promoter bullish about Interglobe Aviation?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Interglobe Aviation is 41.57% and last quarter promoter holding is 41.58%
Are mutual funds buying/selling Interglobe Aviation?
The mutual fund holding of Interglobe Aviation is increasing. The current mutual fund holding in Interglobe Aviation is 24.01% while previous quarter holding is 20.73%.