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India’s Airlines Asked State-Run Oil Refiners To Hold Off On Hiking Jet Fuel Prices For Domestic Flights - Bloomberg News
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
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
FACTBOX-Airlines tackle fuel cost surge with price hikes, outlook cuts
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)
FACTBOX-Airlines tackle fuel cost surge with price hikes, outlook cuts
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)
FACTBOX-Airlines tackle fuel cost surge with price hikes, outlook cuts
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)
FACTBOX-Airlines tackle fuel cost surge with price hikes, outlook cuts
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)
Incident Involving Customer's Electronic Equipment Catching Fire Reported On Indigo Flight, Says Indigo Spokesperson
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
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
FACTBOX-Airlines tackle fuel cost surge with price hikes, outlook cuts
Updates Air France-KLM, Air Canada, China Eastern Airlines, JetBlue, Spirit; adds ANA, Air China, China Southern Airlines, Thai AirAsia.
May 4 (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 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 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.
LUFTHANSA LHAG.DE
The German airline 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 and Hugh Lawson)
Updates Air France-KLM, Air Canada, China Eastern Airlines, JetBlue, Spirit; adds ANA, Air China, China Southern Airlines, Thai AirAsia.
May 4 (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 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 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.
LUFTHANSA LHAG.DE
The German airline 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 and Hugh Lawson)
FACTBOX-Airlines cancel flights amid Middle East conflict
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)
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)
Moody's Ratings Announces Completion Of A Periodic Review Of Ratings Of Interglobe Aviation Limited
April 29 (Reuters) -
MOODY'S RATINGS ANNOUNCES COMPLETION OF A PERIODIC REVIEW OF RATINGS OF INTERGLOBE AVIATION LIMITED
MOODY'S: INDIGO'S SECURE FUEL SUPPLY, SIGNIFICANT LIQUIDITY RESERVES, SHOULD HELP IT WEATHER PERIOD OF UNCERTAINTY
MOODY'S : INDIGO IS WORKING ON HEDGING ITS FOREIGN EXCHANGE EXPOSURE UP TO $3 BILLION, WITH ABOUT $1BILLION HEDGED AS OF DECEMBER 2025.
MOODY'S ON INDIGO: FINANCIAL METRICS EXPECTED TO RECOVER BY FY2028
Source text: ID:nMDY1cbK28
Further company coverage: INGL.NS
April 29 (Reuters) -
MOODY'S RATINGS ANNOUNCES COMPLETION OF A PERIODIC REVIEW OF RATINGS OF INTERGLOBE AVIATION LIMITED
MOODY'S: INDIGO'S SECURE FUEL SUPPLY, SIGNIFICANT LIQUIDITY RESERVES, SHOULD HELP IT WEATHER PERIOD OF UNCERTAINTY
MOODY'S : INDIGO IS WORKING ON HEDGING ITS FOREIGN EXCHANGE EXPOSURE UP TO $3 BILLION, WITH ABOUT $1BILLION HEDGED AS OF DECEMBER 2025.
MOODY'S ON INDIGO: FINANCIAL METRICS EXPECTED TO RECOVER BY FY2028
Source text: ID:nMDY1cbK28
Further company coverage: INGL.NS
FACTBOX-Airlines cancel flights amid Middle East conflict
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)
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)
FACTBOX-Airlines cancel flights amid Middle East conflict
Updates Aegean, Lufthansa Group, Qatar Airways
April 23 (Reuters) - Global air travel remains severely disrupted, with many people unable to fly as planned to destinations 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, from Rhodes on May 3 and from Larnaca on May 21. Flights from Thessaloniki to Tel Aviv are cancelled until June 26.
It will resume flights to Riyadh and Amman on June 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.
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 flights 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 and Susan Fenton)
Updates Aegean, Lufthansa Group, Qatar Airways
April 23 (Reuters) - Global air travel remains severely disrupted, with many people unable to fly as planned to destinations 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, from Rhodes on May 3 and from Larnaca on May 21. Flights from Thessaloniki to Tel Aviv are cancelled until June 26.
It will resume flights to Riyadh and Amman on June 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.
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 flights 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 and Susan Fenton)
FACTBOX-Airlines cancel flights amid Middle East conflict
Updates Aegean and Japan Airlines
April 22 (Reuters) - Global air travel remains severely disrupted, with many people unable to fly as planned to destinations 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, from Rhodes on May 3 and from Larnaca on May 21. Flights from Thessaloniki to Tel Aviv are cancelled until June 26.
It has cancelled flights to Beirut until June 26, to Riyadh and Amman until June 28, 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.
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, Lufthansa Cargo, Swiss, Austrian Airlines, Brussels Airlines and Edelweiss suspended flights to Dubai and Tel Aviv until May 31, and to Abu Dhabi, Amman, Beirut, Dammam, Riyadh, Erbil, Muscat and Tehran until October 24.
ITA Airways has extended the suspension of flights to and from Tel Aviv and Riyadh until May 10. Flights to and from Dubai are suspended until May 31.
Low-cost carrier Eurowings plans to suspend flights to Tel Aviv until May 11, to Beirut and Erbil until May 14 and to Dubai, Abu Dhabi and Amman until October 24.
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.
ROYAL AIR MAROC
The Moroccan carrier says flights to Doha are cancelled until June 30 and those to Dubai until May 31.
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 said it was expanding its international flight network, with services to more than 150 destinations from June 16.
SINGAPORE AIRLINES SIAL.SI
The carrier extended its Singapore-Dubai flights 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 and Susan Fenton)
Updates Aegean and Japan Airlines
April 22 (Reuters) - Global air travel remains severely disrupted, with many people unable to fly as planned to destinations 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, from Rhodes on May 3 and from Larnaca on May 21. Flights from Thessaloniki to Tel Aviv are cancelled until June 26.
It has cancelled flights to Beirut until June 26, to Riyadh and Amman until June 28, 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.
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, Lufthansa Cargo, Swiss, Austrian Airlines, Brussels Airlines and Edelweiss suspended flights to Dubai and Tel Aviv until May 31, and to Abu Dhabi, Amman, Beirut, Dammam, Riyadh, Erbil, Muscat and Tehran until October 24.
ITA Airways has extended the suspension of flights to and from Tel Aviv and Riyadh until May 10. Flights to and from Dubai are suspended until May 31.
Low-cost carrier Eurowings plans to suspend flights to Tel Aviv until May 11, to Beirut and Erbil until May 14 and to Dubai, Abu Dhabi and Amman until October 24.
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.
ROYAL AIR MAROC
The Moroccan carrier says flights to Doha are cancelled until June 30 and those to Dubai until May 31.
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 said it was expanding its international flight network, with services to more than 150 destinations from June 16.
SINGAPORE AIRLINES SIAL.SI
The carrier extended its Singapore-Dubai flights 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 and Susan Fenton)
FACTBOX-Airlines cancel flights amid Middle East conflict
Updates Aegean, KLM under Air France-KLM, El Al, Lufthansa Group
April 21 (Reuters) - Global air travel remains severely disrupted, with many people unable to fly as planned to destinations 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 its flights from Athens to Tel Aviv on April 28, but cancelled flights from Thessaloniki, Heraklion, Rhodes, Larnaca to Tel Aviv until June 26. The airline cancelled flights to Riyadh and Amman until June 28 and to Beirut until June 26. It cancelled flights to Erbil and Baghdad until July 2 and to Dubai until June 29.
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.
JAPAN AIRLINES 9201.T
Japan Airlines has suspended scheduled Tokyo-Doha flights until May 10 and Doha-Tokyo flights until May 11. The airline also announced 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, Lufthansa Cargo, Swiss, Austrian Airlines, Brussels Airlines and Edelweiss suspended flights to Dubai and Tel Aviv until May 31, and to Abu Dhabi, Amman, Beirut, Dammam, Riyadh, Erbil, Muscat and Tehran until October 24.
ITA Airways has extended the suspension of flights to and from Tel Aviv and Riyadh until May 10. Flights to and from Dubai are suspended until May 31.
Low-cost carrier Eurowings plans to suspend flights to Tel Aviv until May 11, to Beirut and Erbil until May 14 and to Dubai, Abu Dhabi and Amman until October 24.
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.
ROYAL AIR MAROC
The Moroccan carrier says flights to Doha are cancelled until June 30 and those to Dubai until May 31.
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 said it was expanding its international flight network, with services to more than 150 destinations from June 16.
SINGAPORE AIRLINES SIAL.SI
The carrier extended its Singapore-Dubai flights 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 and Susan Fenton)
Updates Aegean, KLM under Air France-KLM, El Al, Lufthansa Group
April 21 (Reuters) - Global air travel remains severely disrupted, with many people unable to fly as planned to destinations 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 its flights from Athens to Tel Aviv on April 28, but cancelled flights from Thessaloniki, Heraklion, Rhodes, Larnaca to Tel Aviv until June 26. The airline cancelled flights to Riyadh and Amman until June 28 and to Beirut until June 26. It cancelled flights to Erbil and Baghdad until July 2 and to Dubai until June 29.
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.
JAPAN AIRLINES 9201.T
Japan Airlines has suspended scheduled Tokyo-Doha flights until May 10 and Doha-Tokyo flights until May 11. The airline also announced 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, Lufthansa Cargo, Swiss, Austrian Airlines, Brussels Airlines and Edelweiss suspended flights to Dubai and Tel Aviv until May 31, and to Abu Dhabi, Amman, Beirut, Dammam, Riyadh, Erbil, Muscat and Tehran until October 24.
ITA Airways has extended the suspension of flights to and from Tel Aviv and Riyadh until May 10. Flights to and from Dubai are suspended until May 31.
Low-cost carrier Eurowings plans to suspend flights to Tel Aviv until May 11, to Beirut and Erbil until May 14 and to Dubai, Abu Dhabi and Amman until October 24.
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.
ROYAL AIR MAROC
The Moroccan carrier says flights to Doha are cancelled until June 30 and those to Dubai until May 31.
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 said it was expanding its international flight network, with services to more than 150 destinations from June 16.
SINGAPORE AIRLINES SIAL.SI
The carrier extended its Singapore-Dubai flights 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 and Susan Fenton)
FACTBOX-Airlines cancel flights amid Middle East conflict
Updates El Al, Pegasus
April 20 (Reuters) - Global air travel remains severely disrupted, with many people unable to fly as planned to destinations 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 cancelled flights to Riyadh and Amman until June 27 and to Tel Aviv and Beirut until June 26. It cancelled flights to Erbil and Baghdad until July 2 and to Dubai until June 29.
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 and Dammam until May 17 and to 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.
EMIRATES
The UAE airline has said it is operating a reduced flight schedule, flying to more than 100 destinations.
ETIHAD AIRWAYS
The UAE carrier has 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 10 and Doha-Tokyo flights until May 11. The airline also announced 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 suspended flights to Dubai and Tel Aviv until May 31, and to Abu Dhabi, Amman, Beirut, Dammam, Riyadh, Erbil, Muscat and Tehran until October 24. Lufthansa Cargo is the same, except for the Tel Aviv suspension, which will last through April 30.
ITA Airways has extended the suspension of flights to and from Tel Aviv and Riyadh until May 10. Flights to and from Dubai are suspended until May 31.
Low-cost carrier Eurowings plans to suspend flights to Tel Aviv, Beirut and Erbil through April 30 and to Dubai, Abu Dhabi and Amman through October 24.
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.
ROYAL AIR MAROC
The Moroccan carrier says flights to Doha are cancelled until June 30 and those to Dubai until May 31.
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 said it was expanding its international flight network, with services to more than 150 destinations from June 16.
SINGAPORE AIRLINES SIAL.SI
The carrier extended its Singapore-Dubai flights 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 and Milla Nissi-Prussak)
Updates El Al, Pegasus
April 20 (Reuters) - Global air travel remains severely disrupted, with many people unable to fly as planned to destinations 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 cancelled flights to Riyadh and Amman until June 27 and to Tel Aviv and Beirut until June 26. It cancelled flights to Erbil and Baghdad until July 2 and to Dubai until June 29.
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 and Dammam until May 17 and to 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.
EMIRATES
The UAE airline has said it is operating a reduced flight schedule, flying to more than 100 destinations.
ETIHAD AIRWAYS
The UAE carrier has 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 10 and Doha-Tokyo flights until May 11. The airline also announced 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 suspended flights to Dubai and Tel Aviv until May 31, and to Abu Dhabi, Amman, Beirut, Dammam, Riyadh, Erbil, Muscat and Tehran until October 24. Lufthansa Cargo is the same, except for the Tel Aviv suspension, which will last through April 30.
ITA Airways has extended the suspension of flights to and from Tel Aviv and Riyadh until May 10. Flights to and from Dubai are suspended until May 31.
Low-cost carrier Eurowings plans to suspend flights to Tel Aviv, Beirut and Erbil through April 30 and to Dubai, Abu Dhabi and Amman through October 24.
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.
ROYAL AIR MAROC
The Moroccan carrier says flights to Doha are cancelled until June 30 and those to Dubai until May 31.
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 said it was expanding its international flight network, with services to more than 150 destinations from June 16.
SINGAPORE AIRLINES SIAL.SI
The carrier extended its Singapore-Dubai flights 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 and Milla Nissi-Prussak)
Price hikes, outlook cuts - What airlines are doing as fuel costs surge
Adds Air Canada
April 17 (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 ($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 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.
AIRLINE OPERATORS OF NIGERIA
The Nigerian industry body warned that Nigerian airlines would suspend all flight operations undefined from April 20 unless fuel prices are reduced, as it accused the country's fuel industry association of artificially raising prices in a letter seen by Reuters.
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 U.S. airline said it would increase fees for the first checked bag by $5 and by $10 for the second on its North American flights, as well as for its Hawaiian Airlines unit. It hiked prices for a third checked bag from $50 to $200.
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.
It had earlier said it expected a $400 million increase in first-quarter expenses due to fuel prices.
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 said it would cut some flights from mid-May until the end of June, cancelling about 2% of its scheduled passenger flights, while its budget airline HK Express was cutting around 6% of flights.
The carrier previously said it would hike its fuel surcharge by 34% across routes from April 1 and review them every two weeks.
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 800km and below hit with a 60 yuan ($9) surcharge and a 120 yuan surcharge for flights over 800km.
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. Delta's CEO said it would hold off on updating the full-year outlook given uncertainty over how long the fuel price spike would last.
EASYJET EZJ.L
EasyJet warned of a bigger half-year pre-tax loss of between 540 million and 560 million pounds ($731 million and $758 million), including 25 million pounds in extra fuel costs in March.
CEO Kenton Jarvis previously said European consumers should expect higher ticket prices towards the end of summer, when existing fuel hedges come to an end.
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.
Its surcharge for flights between Hong Kong and the Philippines will more than double, the carrier said.
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.
The company is also lobbying the Indian government to cut fuel taxes, sources told Reuters.
JETBLUE AIRWAYS JBLU.O
The U.S.-based low-cost carrier said it was increasing fees for optional services such as checked baggage as it experiences "rising operating costs". Baggage prices will rise by either $4 or $9, it said.
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. The airline plans to implement phased response measures based on oil price levels, and step up company-wide cost efficiency to offset surging fuel costs.
LUFTHANSA LHAG.DE
The airline group said it would ground 27 planes servicing its short-haul CityLine subsidiary earlier than planned, citing jet fuel prices and costs from industrial action. Lufthansa will also withdraw four older Airbus A340-600 long-haul aircraft at the end of the summer and reduce short and medium-haul offerings by five aircraft in winter 2026/2027.
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 ($106 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.
SAS, which had already increased flight prices, said that even if it tried to absorb the rising fuel costs, the price surge would still be a blow to the aviation industry.
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.
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 is cutting unprofitable flights over the next two quarters as it prepares for oil prices to remain above $100 until the end of 2027, CEO Scott Kirby said.
United has been able to raise fares without materially hurting bookings in response to the rapid increase in oil and jet fuel prices, Chief Commercial Officer Andrew Nocella said.
It is also increasing first and second checked bag fees by $10 for customers travelling in the U.S., Mexico and Canada and Latin America, it said in an e-mailed statement to Reuters.
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.
The airline previously said it was adjusting fares to reflect rising cost pressures.
WESTJET
The Canadian airline will add a C$60 ($43) fuel surcharge to some bookings and combine flights as costs soar, the Canadian Press reported.
($1 = 0.8557 euros)
($1 = 92.6520 Indian rupees)
($1 = 6.8306 Chinese yuan renminbi)
($1 = 7.8319 Hong Kong dollars)
($1 = 1.3834 Canadian dollars)
($1 = 1.4118 Australian dollars)
($1 = 0.7389 pounds)
(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 Canada
April 17 (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 ($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 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.
AIRLINE OPERATORS OF NIGERIA
The Nigerian industry body warned that Nigerian airlines would suspend all flight operations undefined from April 20 unless fuel prices are reduced, as it accused the country's fuel industry association of artificially raising prices in a letter seen by Reuters.
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 U.S. airline said it would increase fees for the first checked bag by $5 and by $10 for the second on its North American flights, as well as for its Hawaiian Airlines unit. It hiked prices for a third checked bag from $50 to $200.
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.
It had earlier said it expected a $400 million increase in first-quarter expenses due to fuel prices.
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 said it would cut some flights from mid-May until the end of June, cancelling about 2% of its scheduled passenger flights, while its budget airline HK Express was cutting around 6% of flights.
The carrier previously said it would hike its fuel surcharge by 34% across routes from April 1 and review them every two weeks.
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 800km and below hit with a 60 yuan ($9) surcharge and a 120 yuan surcharge for flights over 800km.
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. Delta's CEO said it would hold off on updating the full-year outlook given uncertainty over how long the fuel price spike would last.
EASYJET EZJ.L
EasyJet warned of a bigger half-year pre-tax loss of between 540 million and 560 million pounds ($731 million and $758 million), including 25 million pounds in extra fuel costs in March.
CEO Kenton Jarvis previously said European consumers should expect higher ticket prices towards the end of summer, when existing fuel hedges come to an end.
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.
Its surcharge for flights between Hong Kong and the Philippines will more than double, the carrier said.
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.
The company is also lobbying the Indian government to cut fuel taxes, sources told Reuters.
JETBLUE AIRWAYS JBLU.O
The U.S.-based low-cost carrier said it was increasing fees for optional services such as checked baggage as it experiences "rising operating costs". Baggage prices will rise by either $4 or $9, it said.
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. The airline plans to implement phased response measures based on oil price levels, and step up company-wide cost efficiency to offset surging fuel costs.
LUFTHANSA LHAG.DE
The airline group said it would ground 27 planes servicing its short-haul CityLine subsidiary earlier than planned, citing jet fuel prices and costs from industrial action. Lufthansa will also withdraw four older Airbus A340-600 long-haul aircraft at the end of the summer and reduce short and medium-haul offerings by five aircraft in winter 2026/2027.
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 ($106 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.
SAS, which had already increased flight prices, said that even if it tried to absorb the rising fuel costs, the price surge would still be a blow to the aviation industry.
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.
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 is cutting unprofitable flights over the next two quarters as it prepares for oil prices to remain above $100 until the end of 2027, CEO Scott Kirby said.
United has been able to raise fares without materially hurting bookings in response to the rapid increase in oil and jet fuel prices, Chief Commercial Officer Andrew Nocella said.
It is also increasing first and second checked bag fees by $10 for customers travelling in the U.S., Mexico and Canada and Latin America, it said in an e-mailed statement to Reuters.
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.
The airline previously said it was adjusting fares to reflect rising cost pressures.
WESTJET
The Canadian airline will add a C$60 ($43) fuel surcharge to some bookings and combine flights as costs soar, the Canadian Press reported.
($1 = 0.8557 euros)
($1 = 92.6520 Indian rupees)
($1 = 6.8306 Chinese yuan renminbi)
($1 = 7.8319 Hong Kong dollars)
($1 = 1.3834 Canadian dollars)
($1 = 1.4118 Australian dollars)
($1 = 0.7389 pounds)
(Reporting by Mireia Merino, Marleen Kaesebier, Bernadette Hogg, Dimitri Rhodes and Aishwarya Jain; Editing by Matt Scuffham, Milla Nissi-Prussak and Leroy Leo)
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
Updates Easyjet, adds Airline Operators of Nigeria
April 16 (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 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 ($58) per round trip.
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 U.S. airline said it would increase fees for the first checked bag by $5 and by $10 for the second on its North American flights, as well as for its Hawaiian Airlines unit. It hiked prices for a third checked bag from $50 to $200.
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.
It had earlier said it expected a $400 million increase in first-quarter expenses due to fuel prices.
CATHAY PACIFIC 0293.HK
The Hong Kong airline said it would cut some flight from mid-May until the end of June, cancelling about 2% of its scheduled passenger flights, while its budget airline HK Express was cutting around 6% of flights.
The carrier previously said it would hike its fuel surcharge by 34% across routes from April 1 and review them every two weeks.
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 800km and below hit with a 60 yuan ($9) surcharge and a 120 yuan surcharge for flights over 800km.
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. Delta CEO said it would hold off on updating the full-year outlook given uncertainty over how long the fuel price spike would last.
EASYJET EZJ.L
EasyJet warned of a bigger half-year pre-tax loss of between 540 million and 560 million pounds ($731 million and $758 million), including 25 million pounds in extra fuel costs in March.
CEO Kenton Jarvis previously said European consumers should expect higher ticket prices towards the end of summer, when existing fuel hedges come to an end.
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.
Its surcharge for flights between Hong Kong and the Philippines will more than double, the carrier said.
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.
The company is also lobbying the Indian government to cut fuel taxes, sources told Reuters.
JETBLUE AIRWAYS JBLU.O
The U.S.-based low-cost carrier said it was increasing fees for optional services such as checked baggage as it experiences "rising operating costs". Baggage prices will rise by either $4 or $9, it said.
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. The airline plans to implement phased response measures based on oil price levels, and step up company-wide cost efficiency to offset surging fuel costs.
AIRLINE OPERATORS OF NIGERIA
The Nigerian industry body warned that Nigerian airlines would suspend all flight operations from April 20 unless fuel prices are reduced, as it accused the country's fuel industry association of artificially raising prices in a letter seen by Reuters.
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 ($106 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.
SAS, which had already increased flight prices, said that even if it tried to absorb the rising fuel costs, the price surge would still be a blow to the aviation industry.
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.
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 is cutting unprofitable flights over the next two quarters as it prepares for oil prices to remain above $100 until the end of 2027, CEO Scott Kirby said.
United has been able to raise fares without materially hurting bookings in response to the rapid increase in oil and jet fuel prices, Chief Commercial Officer Andrew Nocella said.
It is also increasing first and second checked bag fees by $10 for customers travelling in the U.S., Mexico and Canada and Latin America, it said in an e-mailed statement to Reuters.
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.
The airline previously said it was adjusting fares to reflect rising cost pressures.
WESTJET
The Canadian airline will add a C$60 ($43) fuel surcharge to some bookings and combine flights as costs soar, the Canadian Press reported.
($1 = 0.8557 euros)
($1 = 92.6520 Indian rupees)
($1 = 6.8306 Chinese yuan renminbi)
($1 = 7.8319 Hong Kong dollars)
($1 = 1.3834 Canadian dollars)
($1 = 1.4118 Australian dollars)
($1 = 0.7389 pounds)
(Reporting by Mireia Merino, Marleen Kaesebier, Bernadette Hogg, Dimitri Rhodes and Aishwarya Jain; Editing by Matt Scuffham, Milla Nissi-Prussak and Leroy Leo)
Updates Easyjet, adds Airline Operators of Nigeria
April 16 (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 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 ($58) per round trip.
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 U.S. airline said it would increase fees for the first checked bag by $5 and by $10 for the second on its North American flights, as well as for its Hawaiian Airlines unit. It hiked prices for a third checked bag from $50 to $200.
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.
It had earlier said it expected a $400 million increase in first-quarter expenses due to fuel prices.
CATHAY PACIFIC 0293.HK
The Hong Kong airline said it would cut some flight from mid-May until the end of June, cancelling about 2% of its scheduled passenger flights, while its budget airline HK Express was cutting around 6% of flights.
The carrier previously said it would hike its fuel surcharge by 34% across routes from April 1 and review them every two weeks.
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 800km and below hit with a 60 yuan ($9) surcharge and a 120 yuan surcharge for flights over 800km.
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. Delta CEO said it would hold off on updating the full-year outlook given uncertainty over how long the fuel price spike would last.
EASYJET EZJ.L
EasyJet warned of a bigger half-year pre-tax loss of between 540 million and 560 million pounds ($731 million and $758 million), including 25 million pounds in extra fuel costs in March.
CEO Kenton Jarvis previously said European consumers should expect higher ticket prices towards the end of summer, when existing fuel hedges come to an end.
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.
Its surcharge for flights between Hong Kong and the Philippines will more than double, the carrier said.
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.
The company is also lobbying the Indian government to cut fuel taxes, sources told Reuters.
JETBLUE AIRWAYS JBLU.O
The U.S.-based low-cost carrier said it was increasing fees for optional services such as checked baggage as it experiences "rising operating costs". Baggage prices will rise by either $4 or $9, it said.
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. The airline plans to implement phased response measures based on oil price levels, and step up company-wide cost efficiency to offset surging fuel costs.
AIRLINE OPERATORS OF NIGERIA
The Nigerian industry body warned that Nigerian airlines would suspend all flight operations from April 20 unless fuel prices are reduced, as it accused the country's fuel industry association of artificially raising prices in a letter seen by Reuters.
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 ($106 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.
SAS, which had already increased flight prices, said that even if it tried to absorb the rising fuel costs, the price surge would still be a blow to the aviation industry.
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.
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 is cutting unprofitable flights over the next two quarters as it prepares for oil prices to remain above $100 until the end of 2027, CEO Scott Kirby said.
United has been able to raise fares without materially hurting bookings in response to the rapid increase in oil and jet fuel prices, Chief Commercial Officer Andrew Nocella said.
It is also increasing first and second checked bag fees by $10 for customers travelling in the U.S., Mexico and Canada and Latin America, it said in an e-mailed statement to Reuters.
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.
The airline previously said it was adjusting fares to reflect rising cost pressures.
WESTJET
The Canadian airline will add a C$60 ($43) fuel surcharge to some bookings and combine flights as costs soar, the Canadian Press reported.
($1 = 0.8557 euros)
($1 = 92.6520 Indian rupees)
($1 = 6.8306 Chinese yuan renminbi)
($1 = 7.8319 Hong Kong dollars)
($1 = 1.3834 Canadian dollars)
($1 = 1.4118 Australian dollars)
($1 = 0.7389 pounds)
(Reporting by Mireia Merino, Marleen Kaesebier, Bernadette Hogg, Dimitri Rhodes and Aishwarya Jain; Editing by Matt Scuffham, Milla Nissi-Prussak and Leroy Leo)
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
Updates Virgin Australia
April 15 (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 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 ($58) per round trip.
AIR INDIA
The Indian flag 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 jet 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 U.S. airline said it would increase fees for the first checked bag by $5 and by $10 for the second on its North American flights, as well as for its Hawaiian Airlines unit. It hiked prices for a third checked bag from $50 to $200.
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. The airline also trimmed certain benefits for economy passengers.
It had earlier said it expected a $400 million increase in first-quarter expenses due to the fuel prices.
CATHAY PACIFIC 0293.HK
The Hong Kong airline said it would cut some flight from mid-May until the end of June, cancelling about 2% of its scheduled passenger flights, while its budget airline HK Express is cutting around 6% of flights. The carrier previously said it would hike its fuel surcharge by 34% across routes from April 1 and review them every two weeks.
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 800km and below hit with a 60 yuan ($9) surcharge and a 120 yuan surcharge for flights over 800km.
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 the price of first and second checked bags and a $50 increase on the third checked bag.
The U.S. airline pulled all planned capacity growth for the current quarter and forecast profit below Wall Street expectations. Delta CEO said it would hold off on updating the full-year outlook given uncertainty over how long the fuel price spike would last.
EASYJET EZJ.L
EasyJet CEO Kenton Jarvis said European consumers should expect higher ticket prices towards the end of summer, when existing fuel hedges come to an end.
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.
Its surcharge for flights between Hong Kong and the Philippines will more than double, the carrier said.
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 on March 10 it did not plan to increase ticket prices immediately, as it has 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.
The company is also lobbying the Indian government to cut fuel taxes, sources told Reuters.
JETBLUE AIRWAYS JBLU.O
The U.S.-based low-cost carrier said it was increasing fees for optional services such as checked baggage as it experiences "rising operating costs". Baggage prices will rise by either $4 or $9, it said.
KOREAN AIR
The South Korean flag carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters. The airline plans to implement phased response measures based on oil price levels, and step up company-wide cost efficiency to offset surging fuel costs.
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 ($106 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.
SAS, which had already increased flight prices, said that even if it tried to absorb the rising fuel costs, the price surge would still be a blow to the aviation industry.
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.
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 on April 13 it plans to furlough some of its cabin crew without pay in May and June as part of its measures to address the impact of the war in the Middle East.
UNITED AIRLINES UAL.O
The U.S. airline is cutting unprofitable flights over the next two quarters as it prepares for oil prices to remain above $100 until the end of 2027, CEO Scott Kirby said.
United has been able to raise fares without materially hurting bookings in response to the rapid increase in oil and jet fuel prices, Chief Commercial Officer Andrew Nocella said.
The carrier is also increasing first and second checked bag fees by $10 for customers travelling in the U.S., Mexico and Canada and Latin America, it said in an e-mailed statement to Reuters.
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 expects an increase in jet fuel cost of around A$30 million to A$40 million for the second half of this fiscal year, as well as a 1% reduction in capacity in the fourth quarter. The airline previously said it was adjusting fares to reflect rising cost pressures.
WESTJET
The Canadian airline will add a C$60 ($43) fuel surcharge to some bookings and combine flights as costs soar, the Canadian Press reported.
($1 = 0.8557 euros)
($1 = 92.6520 Indian rupees)
($1 = 6.8306 Chinese yuan renminbi)
($1 = 7.8319 Hong Kong dollars)
($1 = 1.3834 Canadian dollars)
($1 = 1.4118 Australian 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 Virgin Australia
April 15 (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 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 ($58) per round trip.
AIR INDIA
The Indian flag 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 jet 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 U.S. airline said it would increase fees for the first checked bag by $5 and by $10 for the second on its North American flights, as well as for its Hawaiian Airlines unit. It hiked prices for a third checked bag from $50 to $200.
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. The airline also trimmed certain benefits for economy passengers.
It had earlier said it expected a $400 million increase in first-quarter expenses due to the fuel prices.
CATHAY PACIFIC 0293.HK
The Hong Kong airline said it would cut some flight from mid-May until the end of June, cancelling about 2% of its scheduled passenger flights, while its budget airline HK Express is cutting around 6% of flights. The carrier previously said it would hike its fuel surcharge by 34% across routes from April 1 and review them every two weeks.
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 800km and below hit with a 60 yuan ($9) surcharge and a 120 yuan surcharge for flights over 800km.
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 the price of first and second checked bags and a $50 increase on the third checked bag.
The U.S. airline pulled all planned capacity growth for the current quarter and forecast profit below Wall Street expectations. Delta CEO said it would hold off on updating the full-year outlook given uncertainty over how long the fuel price spike would last.
EASYJET EZJ.L
EasyJet CEO Kenton Jarvis said European consumers should expect higher ticket prices towards the end of summer, when existing fuel hedges come to an end.
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.
Its surcharge for flights between Hong Kong and the Philippines will more than double, the carrier said.
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 on March 10 it did not plan to increase ticket prices immediately, as it has 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.
The company is also lobbying the Indian government to cut fuel taxes, sources told Reuters.
JETBLUE AIRWAYS JBLU.O
The U.S.-based low-cost carrier said it was increasing fees for optional services such as checked baggage as it experiences "rising operating costs". Baggage prices will rise by either $4 or $9, it said.
KOREAN AIR
The South Korean flag carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters. The airline plans to implement phased response measures based on oil price levels, and step up company-wide cost efficiency to offset surging fuel costs.
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 ($106 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.
SAS, which had already increased flight prices, said that even if it tried to absorb the rising fuel costs, the price surge would still be a blow to the aviation industry.
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.
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 on April 13 it plans to furlough some of its cabin crew without pay in May and June as part of its measures to address the impact of the war in the Middle East.
UNITED AIRLINES UAL.O
The U.S. airline is cutting unprofitable flights over the next two quarters as it prepares for oil prices to remain above $100 until the end of 2027, CEO Scott Kirby said.
United has been able to raise fares without materially hurting bookings in response to the rapid increase in oil and jet fuel prices, Chief Commercial Officer Andrew Nocella said.
The carrier is also increasing first and second checked bag fees by $10 for customers travelling in the U.S., Mexico and Canada and Latin America, it said in an e-mailed statement to Reuters.
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 expects an increase in jet fuel cost of around A$30 million to A$40 million for the second half of this fiscal year, as well as a 1% reduction in capacity in the fourth quarter. The airline previously said it was adjusting fares to reflect rising cost pressures.
WESTJET
The Canadian airline will add a C$60 ($43) fuel surcharge to some bookings and combine flights as costs soar, the Canadian Press reported.
($1 = 0.8557 euros)
($1 = 92.6520 Indian rupees)
($1 = 6.8306 Chinese yuan renminbi)
($1 = 7.8319 Hong Kong dollars)
($1 = 1.3834 Canadian dollars)
($1 = 1.4118 Australian dollars)
(Reporting by Mireia Merino, Marleen Kaesebier, Bernadette Hogg, Dimitri Rhodes and Aishwarya Jain; Editing by Matt Scuffham, Milla Nissi-Prussak and Leroy Leo)
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
Updates Cathay Pacific, adds Qantas, Virgin Atlantic
April 13 (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 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 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 ($58) per round trip.
AIR INDIA
The Indian flag 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 jet 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 U.S. airline said it would increase fees for the first checked bag by $5 and by $10 for the second on its North American flights, as well as for its Hawaiian Airlines unit. It hiked prices for a third checked bag from $50 to $200.
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. The airline also trimmed certain benefits for economy passengers.
It had earlier said it expected a $400 million increase in first-quarter expenses due to the fuel prices.
CATHAY PACIFIC 0293.HK
The Hong Kong airline said it would cut some flight from mid-May until the end of June, cancelling about 2% of its scheduled passenger flights, while its budget airline HK Express is cutting around 6% of flights. The carrier previously said it would hike its fuel surcharge by 34% across routes from April 1 and review them every two weeks.
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 800km and below hit with a 60 yuan ($9) surcharge and a 120 yuan surcharge for flights over 800km.
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 the price of first and second checked bags and a $50 increase on the third checked bag.
The U.S. airline pulled all planned capacity growth for the current quarter and forecast profit below Wall Street expectations. Delta CEO said it would hold off on updating the full-year outlook given uncertainty over how long the fuel price spike would last.
EASYJET EZJ.L
EasyJet CEO Kenton Jarvis said European consumers should expect higher ticket prices towards the end of summer, when existing fuel hedges come to an end.
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.
Its surcharge for flights between Hong Kong and the Philippines will more than double, the carrier said.
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 on March 10 it did not plan to increase ticket prices immediately, as it has 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.
The company is also lobbying the Indian government to cut fuel taxes, sources told Reuters.
JETBLUE AIRWAYS JBLU.O
The U.S.-based low-cost carrier said it was increasing fees for optional services such as checked baggage as it experiences "rising operating costs". Baggage prices will rise by either $4 or $9, it said.
KOREAN AIR
The South Korean flag carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters. The airline plans to implement phased response measures based on oil price levels, and step up company-wide cost efficiency to offset surging fuel costs.
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 ($106 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.
SAS, which had already increased flight prices, said that even if it tried to absorb the rising fuel costs, the price surge would still be a blow to the aviation industry.
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.
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 on April 13 it plans to furlough some of its cabin crew without pay in May and June as part of its measures to address the impact of the war in the Middle East.
UNITED AIRLINES UAL.O
The U.S. airline is cutting unprofitable flights over the next two quarters as it prepares for oil prices to remain above $100 until the end of 2027, CEO Scott Kirby said.
United has been able to raise fares without materially hurting bookings in response to the rapid increase in oil and jet fuel prices, Chief Commercial Officer Andrew Nocella said.
The carrier is also increasing first and second checked bag fees by $10 for customers travelling in the U.S., Mexico and Canada and Latin America, it said in an e-mailed statement to Reuters.
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 was adjusting fares to reflect rising cost pressures across the aviation sector, which it said were being significantly exacerbated by the situation in the Middle East.
WESTJET
The Canadian airline will add a C$60 ($43) fuel surcharge to some bookings and combine flights as costs soar, the Canadian Press reported.
($1 = 0.8557 euros)
($1 = 92.6520 Indian rupees)
($1 = 6.8306 Chinese yuan renminbi)
($1 = 7.8319 Hong Kong dollars)
($1 = 1.3834 Canadian dollars)
($1 = 1.4118 Australian 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 Cathay Pacific, adds Qantas, Virgin Atlantic
April 13 (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 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 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 ($58) per round trip.
AIR INDIA
The Indian flag 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 jet 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 U.S. airline said it would increase fees for the first checked bag by $5 and by $10 for the second on its North American flights, as well as for its Hawaiian Airlines unit. It hiked prices for a third checked bag from $50 to $200.
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. The airline also trimmed certain benefits for economy passengers.
It had earlier said it expected a $400 million increase in first-quarter expenses due to the fuel prices.
CATHAY PACIFIC 0293.HK
The Hong Kong airline said it would cut some flight from mid-May until the end of June, cancelling about 2% of its scheduled passenger flights, while its budget airline HK Express is cutting around 6% of flights. The carrier previously said it would hike its fuel surcharge by 34% across routes from April 1 and review them every two weeks.
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 800km and below hit with a 60 yuan ($9) surcharge and a 120 yuan surcharge for flights over 800km.
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 the price of first and second checked bags and a $50 increase on the third checked bag.
The U.S. airline pulled all planned capacity growth for the current quarter and forecast profit below Wall Street expectations. Delta CEO said it would hold off on updating the full-year outlook given uncertainty over how long the fuel price spike would last.
EASYJET EZJ.L
EasyJet CEO Kenton Jarvis said European consumers should expect higher ticket prices towards the end of summer, when existing fuel hedges come to an end.
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.
Its surcharge for flights between Hong Kong and the Philippines will more than double, the carrier said.
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 on March 10 it did not plan to increase ticket prices immediately, as it has 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.
The company is also lobbying the Indian government to cut fuel taxes, sources told Reuters.
JETBLUE AIRWAYS JBLU.O
The U.S.-based low-cost carrier said it was increasing fees for optional services such as checked baggage as it experiences "rising operating costs". Baggage prices will rise by either $4 or $9, it said.
KOREAN AIR
The South Korean flag carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters. The airline plans to implement phased response measures based on oil price levels, and step up company-wide cost efficiency to offset surging fuel costs.
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 ($106 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.
SAS, which had already increased flight prices, said that even if it tried to absorb the rising fuel costs, the price surge would still be a blow to the aviation industry.
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.
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 on April 13 it plans to furlough some of its cabin crew without pay in May and June as part of its measures to address the impact of the war in the Middle East.
UNITED AIRLINES UAL.O
The U.S. airline is cutting unprofitable flights over the next two quarters as it prepares for oil prices to remain above $100 until the end of 2027, CEO Scott Kirby said.
United has been able to raise fares without materially hurting bookings in response to the rapid increase in oil and jet fuel prices, Chief Commercial Officer Andrew Nocella said.
The carrier is also increasing first and second checked bag fees by $10 for customers travelling in the U.S., Mexico and Canada and Latin America, it said in an e-mailed statement to Reuters.
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 was adjusting fares to reflect rising cost pressures across the aviation sector, which it said were being significantly exacerbated by the situation in the Middle East.
WESTJET
The Canadian airline will add a C$60 ($43) fuel surcharge to some bookings and combine flights as costs soar, the Canadian Press reported.
($1 = 0.8557 euros)
($1 = 92.6520 Indian rupees)
($1 = 6.8306 Chinese yuan renminbi)
($1 = 7.8319 Hong Kong dollars)
($1 = 1.3834 Canadian dollars)
($1 = 1.4118 Australian dollars)
(Reporting by Mireia Merino, Marleen Kaesebier, Bernadette Hogg, Dimitri Rhodes and Aishwarya Jain; Editing by Matt Scuffham, Milla Nissi-Prussak and Leroy Leo)
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
Adds details on Turkish Airlines in paragraph 63 and T'way Air in paragraphs 64-65
April 13 (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 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 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 ($58) per round trip.
AIR INDIA
The Indian flag 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 jet 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 U.S. airline said it would increase fees for the first checked bag by $5 and by $10 for the second on its North American flights, as well as for its Hawaiian Airlines unit. It hiked prices for a third checked bag from $50 to $200.
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. The airline also trimmed certain benefits for economy passengers.
It had earlier said it expected a $400 million increase in first-quarter expenses due to the fuel prices.
CATHAY PACIFIC 0293.HK
The Hong Kong airline said it would hike its fuel surcharge by 34% across routes from April 1 and review them every two weeks. The carrier's CEO said it would maintain flight capacity despite the high fuel prices, but that its 10% passenger capacity growth plan could change if demand declines due to high 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.
CHINA EASTERN AIRLINES 600115.SS
The airline said it would raise fuel surcharges for domestic flights from April 5, with flights of 800km and below hit with a 60 yuan ($9) surcharge and a 120 yuan surcharge for flights over 800km.
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 the price of first and second checked bags and a $50 increase on the third checked bag.
The U.S. airline pulled all planned capacity growth for the current quarter and forecast profit below Wall Street expectations. Delta CEO said it would hold off on updating the full-year outlook given uncertainty over how long the fuel price spike would last.
EASYJET EZJ.L
EasyJet CEO Kenton Jarvis said European consumers should expect higher ticket prices towards the end of summer, when existing fuel hedges come to an end.
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.
Its surcharge for flights between Hong Kong and the Philippines will more than double, the carrier said.
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 on March 10 it did not plan to increase ticket prices immediately, as it has 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.
The company is also lobbying the Indian government to cut fuel taxes, sources told Reuters.
JETBLUE AIRWAYS JBLU.O
The U.S.-based low-cost carrier said it was increasing fees for optional services such as checked baggage as it experiences "rising operating costs". Baggage prices will rise by either $4 or $9, it said.
KOREAN AIR
The South Korean flag carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters. The airline plans to implement phased response measures based on oil price levels, and step up company-wide cost efficiency to offset surging fuel costs.
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.
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.
SAS, which had already increased flight prices, said that even if it tried to absorb the rising fuel costs, the price surge would still be a blow to the aviation industry.
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.
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 on April 13 it plans to furlough some of its cabin crew without pay in May and June as part of its measures to address the impact of the war in the Middle East.
UNITED AIRLINES UAL.O
The U.S. airline is cutting unprofitable flights over the next two quarters as it prepares for oil prices to remain above $100 until the end of 2027, CEO Scott Kirby said.
United has been able to raise fares without materially hurting bookings in response to the rapid increase in oil and jet fuel prices, Chief Commercial Officer Andrew Nocella said.
The carrier is also increasing first and second checked bag fees by $10 for customers travelling in the U.S., Mexico and Canada and Latin America, it said in an e-mailed statement to Reuters.
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 AUSTRALIA VGN.AX
Virgin Australia said it was adjusting fares to reflect rising cost pressures across the aviation sector, which it said were being significantly exacerbated by the situation in the Middle East.
WESTJET
The Canadian airline will add a C$60 ($43) fuel surcharge to some bookings and combine flights as costs soar, the Canadian Press reported.
($1 = 0.8557 euros)
($1 = 92.6520 Indian rupees)
($1 = 6.8306 Chinese yuan renminbi)
($1 = 7.8319 Hong Kong dollars)
($1 = 1.3834 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 details on Turkish Airlines in paragraph 63 and T'way Air in paragraphs 64-65
April 13 (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 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 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 ($58) per round trip.
AIR INDIA
The Indian flag 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 jet 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 U.S. airline said it would increase fees for the first checked bag by $5 and by $10 for the second on its North American flights, as well as for its Hawaiian Airlines unit. It hiked prices for a third checked bag from $50 to $200.
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. The airline also trimmed certain benefits for economy passengers.
It had earlier said it expected a $400 million increase in first-quarter expenses due to the fuel prices.
CATHAY PACIFIC 0293.HK
The Hong Kong airline said it would hike its fuel surcharge by 34% across routes from April 1 and review them every two weeks. The carrier's CEO said it would maintain flight capacity despite the high fuel prices, but that its 10% passenger capacity growth plan could change if demand declines due to high 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.
CHINA EASTERN AIRLINES 600115.SS
The airline said it would raise fuel surcharges for domestic flights from April 5, with flights of 800km and below hit with a 60 yuan ($9) surcharge and a 120 yuan surcharge for flights over 800km.
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 the price of first and second checked bags and a $50 increase on the third checked bag.
The U.S. airline pulled all planned capacity growth for the current quarter and forecast profit below Wall Street expectations. Delta CEO said it would hold off on updating the full-year outlook given uncertainty over how long the fuel price spike would last.
EASYJET EZJ.L
EasyJet CEO Kenton Jarvis said European consumers should expect higher ticket prices towards the end of summer, when existing fuel hedges come to an end.
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.
Its surcharge for flights between Hong Kong and the Philippines will more than double, the carrier said.
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 on March 10 it did not plan to increase ticket prices immediately, as it has 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.
The company is also lobbying the Indian government to cut fuel taxes, sources told Reuters.
JETBLUE AIRWAYS JBLU.O
The U.S.-based low-cost carrier said it was increasing fees for optional services such as checked baggage as it experiences "rising operating costs". Baggage prices will rise by either $4 or $9, it said.
KOREAN AIR
The South Korean flag carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters. The airline plans to implement phased response measures based on oil price levels, and step up company-wide cost efficiency to offset surging fuel costs.
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.
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.
SAS, which had already increased flight prices, said that even if it tried to absorb the rising fuel costs, the price surge would still be a blow to the aviation industry.
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.
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 on April 13 it plans to furlough some of its cabin crew without pay in May and June as part of its measures to address the impact of the war in the Middle East.
UNITED AIRLINES UAL.O
The U.S. airline is cutting unprofitable flights over the next two quarters as it prepares for oil prices to remain above $100 until the end of 2027, CEO Scott Kirby said.
United has been able to raise fares without materially hurting bookings in response to the rapid increase in oil and jet fuel prices, Chief Commercial Officer Andrew Nocella said.
The carrier is also increasing first and second checked bag fees by $10 for customers travelling in the U.S., Mexico and Canada and Latin America, it said in an e-mailed statement to Reuters.
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 AUSTRALIA VGN.AX
Virgin Australia said it was adjusting fares to reflect rising cost pressures across the aviation sector, which it said were being significantly exacerbated by the situation in the Middle East.
WESTJET
The Canadian airline will add a C$60 ($43) fuel surcharge to some bookings and combine flights as costs soar, the Canadian Press reported.
($1 = 0.8557 euros)
($1 = 92.6520 Indian rupees)
($1 = 6.8306 Chinese yuan renminbi)
($1 = 7.8319 Hong Kong dollars)
($1 = 1.3834 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)
Dubai limits foreign flights until May 31, letters show, hitting Indian airlines hardest
Indian airlines face revenue loss due to Dubai's flight curbs
Airlines group urges reciprocal measures
India was Dubai International Airport's top passenger source last year
By Abhijith Ganapavaram and Aditya Kalra
NEW DELHI, April 10 (Reuters) - Dubai has restricted foreign airlines to just one daily flight to its airports until May 31 due to the Iran crisis, igniting revenue loss fears among Indian carriers that had planned more flights than airlines from any other country, letters show.
The Federation of Indian Airlines (FIA), which represents top carriers IndiGo INGL.NS, Air India and SpiceJet SPJT.BO, has asked India to push Dubai authorities to lift the curbs and, failing that, to consider reciprocal measures on Dubai carriers including Emirates and flydubai, according to a letter it sent to the Indian government on March 31.
Indian carriers are already under financial pressure from higher fuel prices and longer routings to Western destinations because they have been banned from using Pakistani airspace since last year following military tensions between the two neighbours.
In a private email to airlines on March 27, seen by Reuters, Dubai Airports said carriers would be allowed one round trip per day to Dubai International Airport (DXB), normally the world's busiest international travel hub, and the smaller Al Maktoum International Airport (DWC) during the summer season between April 20 and May 31, extending restrictions implemented after the war began.
"Carriers continue to be limited to one rotation per day, until capacity allows more to be facilitated ... Additional slots will be allocated if capacity is available," it said.
The FIA told the Indian government the curbs were not being applied to Dubai's airlines such as Emirates and flydubai, creating an uneven playing field that could lead to "substantial" revenue losses.
Dubai Airports and Dubai's media office did not respond to repeated requests for comment. Flydubai said its flight schedules were approved by the relevant authorities. Emirates did not respond to a request for comment.
The measures come after Emirates and other Gulf airlines have long complained about India's bilateral air service agreements that cap the number of seats that can be deployed between countries. Indian authorities have said such pacts protect Indian airlines in the cutthroat market.
INDIAN CARRIERS HARDEST HIT BY CAPS
India was the largest source of passengers for DXB in 2025, with 11.9 million travellers passing through the hub.
The Dubai caps will hit Indian airlines the hardest, according to April and May schedules data from Cirium.
Air India and its budget carrier Air India Express have scheduled more than 750 flights into DXB in that period. IndiGo has 481, followed by Saudia and Gulf Air, which planned for 480 and 404, respectively. India's SpiceJet had planned 61.
The one-flight-per-day cap would mean 30 or 31 per month for each foreign airline, versus the hundreds of daily flights being flown by Emirates and flydubai according to Flightradar24 data.
IndiGo told Reuters in a statement that the Middle East crisis and the new Dubai extended restrictions "significantly constrained" its operations as it had an approved summer schedule of 15 daily flights from India to Dubai.
"As a result, a significant portion of IndiGo’s capacity and aircraft time is currently underutilized," IndiGo said in its first comments on the crisis.
Air India, SpiceJet SPJT.BO and Indian authorities did not respond to requests for comment.
Other major airlines such as Lufthansa LHAG.DE, Singapore Airlines SIAL.SI, and British Airways had far fewer flights to Dubai than Indian carriers before the crisis began and have cancelled all flights to the city until at least May 31.
They are instead adding more non-stop Asia-Europe flights to take advantage of strong passenger demand that has pushed up prices.
ANALYSIS-Iran war deals double blow to Indian airlines already hit by Pakistan airspace ban https://www.reuters.com/world/india/iran-war-deals-double-blow-indian-airlines-already-hit-by-pakistan-airspace-ban-2026-03-10/
Air India Express, Air India, IndiGo had big flight plans for Dubai https://reut.rs/4ebgSjY
(Reporting by Abhijith Ganapavaram and Aditya Kalra; Editing by Jamie Freed)
((Email: Abhijith.G@thomsonreuters.com; Mobile: +91-9019785574;))
Indian airlines face revenue loss due to Dubai's flight curbs
Airlines group urges reciprocal measures
India was Dubai International Airport's top passenger source last year
By Abhijith Ganapavaram and Aditya Kalra
NEW DELHI, April 10 (Reuters) - Dubai has restricted foreign airlines to just one daily flight to its airports until May 31 due to the Iran crisis, igniting revenue loss fears among Indian carriers that had planned more flights than airlines from any other country, letters show.
The Federation of Indian Airlines (FIA), which represents top carriers IndiGo INGL.NS, Air India and SpiceJet SPJT.BO, has asked India to push Dubai authorities to lift the curbs and, failing that, to consider reciprocal measures on Dubai carriers including Emirates and flydubai, according to a letter it sent to the Indian government on March 31.
Indian carriers are already under financial pressure from higher fuel prices and longer routings to Western destinations because they have been banned from using Pakistani airspace since last year following military tensions between the two neighbours.
In a private email to airlines on March 27, seen by Reuters, Dubai Airports said carriers would be allowed one round trip per day to Dubai International Airport (DXB), normally the world's busiest international travel hub, and the smaller Al Maktoum International Airport (DWC) during the summer season between April 20 and May 31, extending restrictions implemented after the war began.
"Carriers continue to be limited to one rotation per day, until capacity allows more to be facilitated ... Additional slots will be allocated if capacity is available," it said.
The FIA told the Indian government the curbs were not being applied to Dubai's airlines such as Emirates and flydubai, creating an uneven playing field that could lead to "substantial" revenue losses.
Dubai Airports and Dubai's media office did not respond to repeated requests for comment. Flydubai said its flight schedules were approved by the relevant authorities. Emirates did not respond to a request for comment.
The measures come after Emirates and other Gulf airlines have long complained about India's bilateral air service agreements that cap the number of seats that can be deployed between countries. Indian authorities have said such pacts protect Indian airlines in the cutthroat market.
INDIAN CARRIERS HARDEST HIT BY CAPS
India was the largest source of passengers for DXB in 2025, with 11.9 million travellers passing through the hub.
The Dubai caps will hit Indian airlines the hardest, according to April and May schedules data from Cirium.
Air India and its budget carrier Air India Express have scheduled more than 750 flights into DXB in that period. IndiGo has 481, followed by Saudia and Gulf Air, which planned for 480 and 404, respectively. India's SpiceJet had planned 61.
The one-flight-per-day cap would mean 30 or 31 per month for each foreign airline, versus the hundreds of daily flights being flown by Emirates and flydubai according to Flightradar24 data.
IndiGo told Reuters in a statement that the Middle East crisis and the new Dubai extended restrictions "significantly constrained" its operations as it had an approved summer schedule of 15 daily flights from India to Dubai.
"As a result, a significant portion of IndiGo’s capacity and aircraft time is currently underutilized," IndiGo said in its first comments on the crisis.
Air India, SpiceJet SPJT.BO and Indian authorities did not respond to requests for comment.
Other major airlines such as Lufthansa LHAG.DE, Singapore Airlines SIAL.SI, and British Airways had far fewer flights to Dubai than Indian carriers before the crisis began and have cancelled all flights to the city until at least May 31.
They are instead adding more non-stop Asia-Europe flights to take advantage of strong passenger demand that has pushed up prices.
ANALYSIS-Iran war deals double blow to Indian airlines already hit by Pakistan airspace ban https://www.reuters.com/world/india/iran-war-deals-double-blow-indian-airlines-already-hit-by-pakistan-airspace-ban-2026-03-10/
Air India Express, Air India, IndiGo had big flight plans for Dubai https://reut.rs/4ebgSjY
(Reporting by Abhijith Ganapavaram and Aditya Kalra; Editing by Jamie Freed)
((Email: Abhijith.G@thomsonreuters.com; Mobile: +91-9019785574;))
FACTBOX-Airlines cancel flights amid Middle East conflict
Updates El Al, British Airways under IAG
April 9 (Reuters) - Global air travel remains severely disrupted, with many people unable to fly as planned to destinations 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 cancelled flights to Riyadh and Amman until June 27 and to Tel Aviv and Beirut until June 26. It cancelled flights to Erbil and Baghdad until July 2 and to Dubai until June 29.
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 3.
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 Tel Aviv, Riyadh, Dammam and Dubai until May 17.
CATHAY PACIFIC 0293.HK
The Hong Kong airline has cancelled flights 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.
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 customers who planned to depart Israel through April 18 have had their flights cancelled, including relevant return flights.
It will increase the number of destinations to about 30 from April 13 and will gradually expand that number through the rest of the month.
EMIRATES
The UAE airline has said it is operating a reduced flight schedule following a partial reopening of regional airspace.
ETIHAD AIRWAYS
The UAE carrier has said it is operating a commercial flight schedule between Abu Dhabi and around 80 destinations.
FINNAIR FIA1S.HE
The Finnish carrier 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.
FLYNAS 4264.SE
The Saudi budget airline has suspended flights to Dubai, Abu Dhabi, Sharjah, Doha, Bahrain, Kuwait, Iraq and Syria until April 15.
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 10 and Doha-Tokyo flights until May 11. The airline also announced 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, ITA Airways and Edelweiss suspended flights to Dubai and Tel Aviv until May 31, and to Abu Dhabi, Amman, Beirut, Dammam, Riyadh, Erbil, Muscat and Tehran until October 24. Lufthansa Cargo is the same, except for the Tel Aviv suspension, which will last through April 30.
Low-cost carrier Eurowings plans to suspend flights to Tel Aviv, Beirut and Erbil through April 30 and to Dubai, Abu Dhabi and Amman through October 24.
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 May 1.
ROYAL AIR MAROC
The Moroccan carrier says flights to Doha are cancelled until June 30 and those to Dubai until May 31.
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 said it is gradually increasing flights from Doha to more than 120 destinations by mid-May.
SINGAPORE AIRLINES SIAL.SI
The carrier extended its Singapore-Dubai flights 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 suspended flights to Israel until April 13, and 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 and Milla Nissi-Prussak)
Updates El Al, British Airways under IAG
April 9 (Reuters) - Global air travel remains severely disrupted, with many people unable to fly as planned to destinations 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 cancelled flights to Riyadh and Amman until June 27 and to Tel Aviv and Beirut until June 26. It cancelled flights to Erbil and Baghdad until July 2 and to Dubai until June 29.
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 3.
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 Tel Aviv, Riyadh, Dammam and Dubai until May 17.
CATHAY PACIFIC 0293.HK
The Hong Kong airline has cancelled flights 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.
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 customers who planned to depart Israel through April 18 have had their flights cancelled, including relevant return flights.
It will increase the number of destinations to about 30 from April 13 and will gradually expand that number through the rest of the month.
EMIRATES
The UAE airline has said it is operating a reduced flight schedule following a partial reopening of regional airspace.
ETIHAD AIRWAYS
The UAE carrier has said it is operating a commercial flight schedule between Abu Dhabi and around 80 destinations.
FINNAIR FIA1S.HE
The Finnish carrier 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.
FLYNAS 4264.SE
The Saudi budget airline has suspended flights to Dubai, Abu Dhabi, Sharjah, Doha, Bahrain, Kuwait, Iraq and Syria until April 15.
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 10 and Doha-Tokyo flights until May 11. The airline also announced 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, ITA Airways and Edelweiss suspended flights to Dubai and Tel Aviv until May 31, and to Abu Dhabi, Amman, Beirut, Dammam, Riyadh, Erbil, Muscat and Tehran until October 24. Lufthansa Cargo is the same, except for the Tel Aviv suspension, which will last through April 30.
Low-cost carrier Eurowings plans to suspend flights to Tel Aviv, Beirut and Erbil through April 30 and to Dubai, Abu Dhabi and Amman through October 24.
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 May 1.
ROYAL AIR MAROC
The Moroccan carrier says flights to Doha are cancelled until June 30 and those to Dubai until May 31.
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 said it is gradually increasing flights from Doha to more than 120 destinations by mid-May.
SINGAPORE AIRLINES SIAL.SI
The carrier extended its Singapore-Dubai flights 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 suspended flights to Israel until April 13, and 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 and Milla Nissi-Prussak)
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
Adds Delta and Southwest
April 8 (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 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 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 ($58) per round trip.
AIR INDIA
The Indian flag carrier said it would revise its fuel surcharge from a flat domestic surcharge to a distance-based grid, as it said fuel surcharges on international routes did not compensate for the exponential rise in jet fuel prices.
AIR NEW ZEALAND AIR.NZ
The airline said on April 7 it would slash flights through May and June and hike fares, after it was 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.
AMERICAN AIRLINES AAL.O
The U.S. carrier said it expected a $400 million increase in first-quarter expenses as fuel prices surge.
CATHAY PACIFIC 0293.HK
The Hong Kong airline said it would hike its fuel surcharge by 34% across routes from April 1 and review them every two weeks. The carrier's CEO said it would maintain flight capacity despite the high fuel prices, but that its 10% passenger capacity growth plan could change if demand declines due to high 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.
CHINA EASTERN AIRLINES 600115.SS
The airline said it would raise fuel surcharges for domestic flights from April 5, with flights of 800km and below hit with a 60 yuan ($9) surcharge and a 120 yuan surcharge for flights over 800km.
DELTA AIR LINES DAL.N
Delta said it would raise fees for checked bags in an attempt to offset soaring jet fuel costs, with an increase of $10 on the price of first and second checked bags and a $50 increase on the third checked bag.
EASYJET EZJ.L
EasyJet CEO Kenton Jarvis said European consumers should expect higher ticket prices towards the end of summer, when existing fuel hedges come to an end.
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 charges unchanged on mainland China and Japan routes.
Its surcharge for flights between Hong Kong and the Philippines will more than double, the carrier said.
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 on March 10 it did not plan to increase ticket prices immediately, as it has 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.
The company is also lobbying the Indian government to cut fuel taxes, sources told Reuters.
JETBLUE AIRWAYS JBLU.O
The U.S.-based low-cost carrier said it was increasing fees for optional services such as checked baggage as it experiences "rising operating costs." Baggage prices will rise by either $4 or $9, the company said.
KOREAN AIR
The South Korean flag carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters. The airline plans to implement phased response measures based on oil price levels, and step up company-wide cost efficiency to offset surging fuel costs.
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.
SAS
The Scandinavian airline said it would cancel 1,000 flights in April because of high oil and jet fuel prices. For March, it said it had cancelled a "couple hundred" flights.
SAS, which had already increased flight prices, said that even if it tried to absorb the rising fuel costs, the price surge would still be a blow to the aviation industry.
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.
THAI AIRWAYS THAI.BK
The Thailand-based carrier said it would raise fares by 10% to 15% to address rising fuel costs.
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.
UNITED AIRLINES UAL.O
The U.S. airline is cutting unprofitable flights over the next two quarters as it prepares for oil prices to remain above $100 until the end of 2027, CEO Scott Kirby said.
United has been able to raise fares without materially hurting bookings in response to the rapid increase in oil and jet fuel prices, Chief Commercial Officer Andrew Nocella said.
The carrier is also increasing first and second checked bag fees by $10 for customers travelling in the U.S., Mexico and Canada and Latin America, it said in an e-mailed statement to Reuters.
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 AUSTRALIA VGN.AX
Virgin Australia said it was adjusting fares to reflect rising cost pressures across the aviation sector, which it said were being significantly exacerbated by the situation in the Middle East.
WESTJET
The Canadian airline will add a C$60 ($43) fuel surcharge to some bookings and combine flights as costs soar, the Canadian Press reported.
($1 = 0.8560 euros)
($1 = 92.6025 Indian rupees)
($1 = 6.8282 Chinese yuan renminbi)
($1 = 7.8329 Hong Kong dollars)
($1 = 1.3860 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 Delta and Southwest
April 8 (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 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 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 ($58) per round trip.
AIR INDIA
The Indian flag carrier said it would revise its fuel surcharge from a flat domestic surcharge to a distance-based grid, as it said fuel surcharges on international routes did not compensate for the exponential rise in jet fuel prices.
AIR NEW ZEALAND AIR.NZ
The airline said on April 7 it would slash flights through May and June and hike fares, after it was 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.
AMERICAN AIRLINES AAL.O
The U.S. carrier said it expected a $400 million increase in first-quarter expenses as fuel prices surge.
CATHAY PACIFIC 0293.HK
The Hong Kong airline said it would hike its fuel surcharge by 34% across routes from April 1 and review them every two weeks. The carrier's CEO said it would maintain flight capacity despite the high fuel prices, but that its 10% passenger capacity growth plan could change if demand declines due to high 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.
CHINA EASTERN AIRLINES 600115.SS
The airline said it would raise fuel surcharges for domestic flights from April 5, with flights of 800km and below hit with a 60 yuan ($9) surcharge and a 120 yuan surcharge for flights over 800km.
DELTA AIR LINES DAL.N
Delta said it would raise fees for checked bags in an attempt to offset soaring jet fuel costs, with an increase of $10 on the price of first and second checked bags and a $50 increase on the third checked bag.
EASYJET EZJ.L
EasyJet CEO Kenton Jarvis said European consumers should expect higher ticket prices towards the end of summer, when existing fuel hedges come to an end.
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 charges unchanged on mainland China and Japan routes.
Its surcharge for flights between Hong Kong and the Philippines will more than double, the carrier said.
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 on March 10 it did not plan to increase ticket prices immediately, as it has 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.
The company is also lobbying the Indian government to cut fuel taxes, sources told Reuters.
JETBLUE AIRWAYS JBLU.O
The U.S.-based low-cost carrier said it was increasing fees for optional services such as checked baggage as it experiences "rising operating costs." Baggage prices will rise by either $4 or $9, the company said.
KOREAN AIR
The South Korean flag carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters. The airline plans to implement phased response measures based on oil price levels, and step up company-wide cost efficiency to offset surging fuel costs.
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.
SAS
The Scandinavian airline said it would cancel 1,000 flights in April because of high oil and jet fuel prices. For March, it said it had cancelled a "couple hundred" flights.
SAS, which had already increased flight prices, said that even if it tried to absorb the rising fuel costs, the price surge would still be a blow to the aviation industry.
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.
THAI AIRWAYS THAI.BK
The Thailand-based carrier said it would raise fares by 10% to 15% to address rising fuel costs.
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.
UNITED AIRLINES UAL.O
The U.S. airline is cutting unprofitable flights over the next two quarters as it prepares for oil prices to remain above $100 until the end of 2027, CEO Scott Kirby said.
United has been able to raise fares without materially hurting bookings in response to the rapid increase in oil and jet fuel prices, Chief Commercial Officer Andrew Nocella said.
The carrier is also increasing first and second checked bag fees by $10 for customers travelling in the U.S., Mexico and Canada and Latin America, it said in an e-mailed statement to Reuters.
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 AUSTRALIA VGN.AX
Virgin Australia said it was adjusting fares to reflect rising cost pressures across the aviation sector, which it said were being significantly exacerbated by the situation in the Middle East.
WESTJET
The Canadian airline will add a C$60 ($43) fuel surcharge to some bookings and combine flights as costs soar, the Canadian Press reported.
($1 = 0.8560 euros)
($1 = 92.6025 Indian rupees)
($1 = 6.8282 Chinese yuan renminbi)
($1 = 7.8329 Hong Kong dollars)
($1 = 1.3860 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)
UPDATE 7-Air India CEO Wilson resigns amid losses and regulatory scrutiny
Wilson to stay on until successor appointed
Second major Indian airline CEO exit this year after IndiGo shakeup
Wilson has led engineering overhaul, fleet refurbishment during tenure
Regulators have reprimanded Air India for safety lapses
Rewrites with Air India confirming CEO resignation
By Abhijith Ganapavaram
NEW DELHI, April 7 (Reuters) - Air India said on Tuesday that CEO Campbell Wilson had resigned after nearly four years in the role, as the carrier grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed 260 people.
Wilson's resignation comes just days after its bigger domestic rival, IndiGo INGL.NS, tapped aviation veteran Willie Walsh as its next CEO.
The country's two largest carriers are under pressure from an industry crisis stemming from the Middle East conflict, compounded by domestic operational challenges.
Reuters reported in January that Air India's board was scouting for a new CEO to replace Wilson, a former Singapore Airlines SIAL.SI executive brought in to steer the Indian carrier's turnaround in 2022 after years of decline under government ownership.
Wilson had conveyed to Air India chairman N. Chandrasekaran in 2024 his intention to step down this year, the airline said in a statement, adding that the New Zealander will remain in the role until his successor is in place.
Air India's board has constituted a committee that will find Wilson's successor in the coming months, the statement said. His tenure was due to end in 2027.
"It is also worth acknowledging the numerous external challenges navigated by the Air India team, including prolonged post-COVID supply chain constraints that have impacted delivery of new aircraft and retrofit programs as well as major geopolitical and other headwinds," said Chandrasekaran, who is also chairman of the carrier's majority stakeholder, the Tata Group.
Singapore Airlines SIAL.SI is another major shareholder, owning about 25%.
'TOUGH CIRCUMSTANCES'
Since taking the helm at India's No. 2 carrier, Wilson oversaw an overhaul of the engineering department and the refurbishment of planes amid supply chain disruptions.
"Over the last four years, Campbell did a good job in very tough circumstances," said Brendan Sobie, a Singapore-based independent aviation analyst.
"Finding the right candidate to complete (Air India's) transformation will not be easy and Tata will particularly feel the pressure to get this right following IndiGo's recent appointment of Willie Walsh," he said.
Air India has been reprimanded by regulators for safety lapses over the past year, including flying an aircraft eight times without an airworthiness certificate and running planes without checking emergency equipment.
In December, Air India admitted there was a "need for urgent improvements in process discipline, communication, and compliance culture," Reuters reported.
Air India has a fleet of 191 planes and has placed orders for more than 500 aircraft.
It has lost money since being bought by Tata Group in 2022, with the financial pressure worsening since Pakistan banned Indian carriers from its airspace last year.
Air India and its low-cost carrier Air India Express reported a combined loss of 98.08 billion rupees ($1.05 billion) in the 2024-2025 financial year.
($1 = 93.0600 Indian rupees)
Air India's growing number of technical incidents https://reut.rs/3ZRLf6L
(Reporting by Kanjyik Ghosh, Abhijith Ganapavaram, Abinaya Vijayaraghavan; Writing by Chris Thomas; Editing by David Gaffen, Himani Sarkar, Jamie Freed and Kevin Buckland)
Wilson to stay on until successor appointed
Second major Indian airline CEO exit this year after IndiGo shakeup
Wilson has led engineering overhaul, fleet refurbishment during tenure
Regulators have reprimanded Air India for safety lapses
Rewrites with Air India confirming CEO resignation
By Abhijith Ganapavaram
NEW DELHI, April 7 (Reuters) - Air India said on Tuesday that CEO Campbell Wilson had resigned after nearly four years in the role, as the carrier grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed 260 people.
Wilson's resignation comes just days after its bigger domestic rival, IndiGo INGL.NS, tapped aviation veteran Willie Walsh as its next CEO.
The country's two largest carriers are under pressure from an industry crisis stemming from the Middle East conflict, compounded by domestic operational challenges.
Reuters reported in January that Air India's board was scouting for a new CEO to replace Wilson, a former Singapore Airlines SIAL.SI executive brought in to steer the Indian carrier's turnaround in 2022 after years of decline under government ownership.
Wilson had conveyed to Air India chairman N. Chandrasekaran in 2024 his intention to step down this year, the airline said in a statement, adding that the New Zealander will remain in the role until his successor is in place.
Air India's board has constituted a committee that will find Wilson's successor in the coming months, the statement said. His tenure was due to end in 2027.
"It is also worth acknowledging the numerous external challenges navigated by the Air India team, including prolonged post-COVID supply chain constraints that have impacted delivery of new aircraft and retrofit programs as well as major geopolitical and other headwinds," said Chandrasekaran, who is also chairman of the carrier's majority stakeholder, the Tata Group.
Singapore Airlines SIAL.SI is another major shareholder, owning about 25%.
'TOUGH CIRCUMSTANCES'
Since taking the helm at India's No. 2 carrier, Wilson oversaw an overhaul of the engineering department and the refurbishment of planes amid supply chain disruptions.
"Over the last four years, Campbell did a good job in very tough circumstances," said Brendan Sobie, a Singapore-based independent aviation analyst.
"Finding the right candidate to complete (Air India's) transformation will not be easy and Tata will particularly feel the pressure to get this right following IndiGo's recent appointment of Willie Walsh," he said.
Air India has been reprimanded by regulators for safety lapses over the past year, including flying an aircraft eight times without an airworthiness certificate and running planes without checking emergency equipment.
In December, Air India admitted there was a "need for urgent improvements in process discipline, communication, and compliance culture," Reuters reported.
Air India has a fleet of 191 planes and has placed orders for more than 500 aircraft.
It has lost money since being bought by Tata Group in 2022, with the financial pressure worsening since Pakistan banned Indian carriers from its airspace last year.
Air India and its low-cost carrier Air India Express reported a combined loss of 98.08 billion rupees ($1.05 billion) in the 2024-2025 financial year.
($1 = 93.0600 Indian rupees)
Air India's growing number of technical incidents https://reut.rs/3ZRLf6L
(Reporting by Kanjyik Ghosh, Abhijith Ganapavaram, Abinaya Vijayaraghavan; Writing by Chris Thomas; Editing by David Gaffen, Himani Sarkar, Jamie Freed and Kevin Buckland)
BREAKINGVIEWS-Willie Walsh’s IndiGo flight path takes two routes
The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to remove extraneous word in paragraph one.
By Ujjaini Dutta
BENGALURU, April 1 (Reuters Breakingviews) - India's largest airline is swapping one international CEO for another. Just weeks after erstwhile KLM boss Pieter Elbers quit following mass flight cancellations in December, IndiGo INGL.NS on Tuesday revealed that Willie Walsh will jump into the corporate pilot seat in August. The former Aer Lingus and British Airways and International Airlines Group boss will bring extra lift to the under-fire $16 billion IndiGo. A successful flight path would take two routes.
The 64-year-old pilot-turned-airline-boss brought Aer Lingus back to profitability with cost cuts. Following a similar playbook at British Airways earned him the nickname ‘Slasher’ Walsh. He then oversaw its merger with Spain's Iberia, as well as smaller acquisitions, to build one of Europe’s largest airline groups, IAG, before leaving in 2020. He has run the International Air Transport Association since 2021.
That combined experience makes Walsh a neat fit for IndiGo. It had already expanded rapidly overseas under Elbers and has added business class offerings to tap into the premium travel market. But it plans to do even more: the airline has the largest order book of about 1000 aircraft to be delivered within a decade. Walsh can help guide the company through any of the resulting turbulence.
There's plenty of that still to deal with domestically. Just four months ago the airline, which provides some 65% of India’s air travel, cancelled over 4,500 flights after it neglected to plan for tighter pilot rest rules. As a result, revenue grew just 6.1% to 234.7 billion Indian rupees ($2.50 billion) in the quarter to the end of December 2025, half the rate of the same period in 2024. Profit plunged 78%. Meanwhile, the Iran war has forced IndiGo to cancel many of its Middle East routes, which account for up to 20% of its top line and where India's international passengers fly to the most, according to brokerage Motilal Oswal. Higher jet fuel prices and per-flight costs due to rerouting Europe-bound flights is adding to the pressure.
There's also much to appeal to Walsh, beyond overcoming current challenges. India's aviation market is growing fast, with the number of domestic passengers expected to nearly double from 165 million people last year by 2030. It helps that the pay is decent, too. Elbers' overall compensation doubled in the financial year to the end of March last year to $4.6 million - not far shy of the $6.2 million Walsh's replacement at IAG, Luis Gallego, received in 2024.
Granted, Walsh has his work cut out. But the 8% jump in IndiGo's share price on Wednesday suggests investors are expecting a smoother ride.
Follow Ujjaini Dutta on LinkedIn and X.
CONTEXT NEWS
Indian airline IndiGo on March 31 said former Aer Lingus, British Airways and International Airlines Group boss William Walsh was to be its next CEO, according to a stock exchange filing.
Walsh is currently the director general of the International Air Transport Association. His term ends on July 31 and he is expected to join IndiGo by August 3 at the latest, the airline said in a statement.
India's overseas passenger traffic flocks to the Middle East https://www.reuters.com/graphics/BRV-BRV/zjvqmnkwevx/chart.png
IndiGo shares outperformed the broader market under Pieter Elbers https://www.reuters.com/graphics/BRV-BRV/lbpgyjnokpq/chart.png
(Editing by Antony Currie; Production by Aditya Srivastav)
((For previous columns by the author, Reuters customers can click on DUTTA/ujjaini.dutta@thomsonreuters.com))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to remove extraneous word in paragraph one.
By Ujjaini Dutta
BENGALURU, April 1 (Reuters Breakingviews) - India's largest airline is swapping one international CEO for another. Just weeks after erstwhile KLM boss Pieter Elbers quit following mass flight cancellations in December, IndiGo INGL.NS on Tuesday revealed that Willie Walsh will jump into the corporate pilot seat in August. The former Aer Lingus and British Airways and International Airlines Group boss will bring extra lift to the under-fire $16 billion IndiGo. A successful flight path would take two routes.
The 64-year-old pilot-turned-airline-boss brought Aer Lingus back to profitability with cost cuts. Following a similar playbook at British Airways earned him the nickname ‘Slasher’ Walsh. He then oversaw its merger with Spain's Iberia, as well as smaller acquisitions, to build one of Europe’s largest airline groups, IAG, before leaving in 2020. He has run the International Air Transport Association since 2021.
That combined experience makes Walsh a neat fit for IndiGo. It had already expanded rapidly overseas under Elbers and has added business class offerings to tap into the premium travel market. But it plans to do even more: the airline has the largest order book of about 1000 aircraft to be delivered within a decade. Walsh can help guide the company through any of the resulting turbulence.
There's plenty of that still to deal with domestically. Just four months ago the airline, which provides some 65% of India’s air travel, cancelled over 4,500 flights after it neglected to plan for tighter pilot rest rules. As a result, revenue grew just 6.1% to 234.7 billion Indian rupees ($2.50 billion) in the quarter to the end of December 2025, half the rate of the same period in 2024. Profit plunged 78%. Meanwhile, the Iran war has forced IndiGo to cancel many of its Middle East routes, which account for up to 20% of its top line and where India's international passengers fly to the most, according to brokerage Motilal Oswal. Higher jet fuel prices and per-flight costs due to rerouting Europe-bound flights is adding to the pressure.
There's also much to appeal to Walsh, beyond overcoming current challenges. India's aviation market is growing fast, with the number of domestic passengers expected to nearly double from 165 million people last year by 2030. It helps that the pay is decent, too. Elbers' overall compensation doubled in the financial year to the end of March last year to $4.6 million - not far shy of the $6.2 million Walsh's replacement at IAG, Luis Gallego, received in 2024.
Granted, Walsh has his work cut out. But the 8% jump in IndiGo's share price on Wednesday suggests investors are expecting a smoother ride.
Follow Ujjaini Dutta on LinkedIn and X.
CONTEXT NEWS
Indian airline IndiGo on March 31 said former Aer Lingus, British Airways and International Airlines Group boss William Walsh was to be its next CEO, according to a stock exchange filing.
Walsh is currently the director general of the International Air Transport Association. His term ends on July 31 and he is expected to join IndiGo by August 3 at the latest, the airline said in a statement.
India's overseas passenger traffic flocks to the Middle East https://www.reuters.com/graphics/BRV-BRV/zjvqmnkwevx/chart.png
IndiGo shares outperformed the broader market under Pieter Elbers https://www.reuters.com/graphics/BRV-BRV/lbpgyjnokpq/chart.png
(Editing by Antony Currie; Production by Aditya Srivastav)
((For previous columns by the author, Reuters customers can click on DUTTA/ujjaini.dutta@thomsonreuters.com))
Indigo Says Will Revise Fuel Charges On All Routes For New Bookings Made After 0001 Hrs On 2 April 2026
April 1 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO- INDIGO WILL REVISE THE FUEL CHARGES ON DOMESTIC AND INTERNATIONAL ROUTES, FOR ALL NEW BOOKINGS MADE AFTER 0001 HRS ON 02 APRIL 2026
INDIGO- FUEL CHARGES ON DOMESTIC AND INTERNATIONAL ROUTES REVISED DUE TO RISING AIR TURBINE FUEL COSTS
Source text: [ID:]
Further company coverage: INGL.NS
April 1 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO- INDIGO WILL REVISE THE FUEL CHARGES ON DOMESTIC AND INTERNATIONAL ROUTES, FOR ALL NEW BOOKINGS MADE AFTER 0001 HRS ON 02 APRIL 2026
INDIGO- FUEL CHARGES ON DOMESTIC AND INTERNATIONAL ROUTES REVISED DUE TO RISING AIR TURBINE FUEL COSTS
Source text: [ID:]
Further company coverage: INGL.NS
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
Updates Cathay Pacific, adds Korean Air
March 30 (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 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.
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 ($57) per round trip.
AIR NEW ZEALAND AIR.NZ
The airline was one of the first to announce broad increases to ticket prices on March 10. 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.
AMERICAN AIRLINES AAL.O
The U.S. carrier said it expected a $400 million increase in first-quarter expenses as fuel prices surge.
CATHAY PACIFIC 0293.HK
The Hong Kong airline said it would hike its fuel surcharge by 34% across routes from April 1 and review them every two weeks. The carrier's CEO said it would maintain flight capacity despite the high fuel prices, but that its 10% passenger capacity growth plan could change if demand declines due to high 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.
EASYJET EZJ.L
EasyJet CEO Kenton Jarvis said European consumers should expect higher ticket prices towards the end of summer, when existing fuel hedges come to an end.
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.
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 on March 10 it did not plan to increase ticket prices immediately, as it has 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.
The company is also lobbying the Indian government to cut fuel taxes, sources told Reuters.
JETBLUE AIRWAYS JBLU.O
The U.S.-based low cost carrier said it was increasing fees for optional services such as checked baggage as it experiences "rising operating costs." Baggage prices will rise by either $4 or $9, the company said.
KOREAN AIR
The South Korean flag carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters. The airline plans to implement phased response measures based on oil price levels, and step up company-wide cost efficiency to offset surging fuel costs.
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.
SAS
The Scandinavian airline said it would cancel 1,000 flights in April because of high oil and jet fuel prices. For March, it said it had cancelled a "couple hundred" flights.
SAS, which had already increased flight prices, said that even if it tried to absorb the rising fuel costs, the price surge would still be a blow to the aviation industry.
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.
THAI AIRWAYS THAI.BK
The Thailand-based carrier said it would raise fares by 10% to 15% to address rising fuel costs.
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 ($11.46) 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.
UNITED AIRLINES UAL.O
The U.S. airline is cutting unprofitable flights over the next two quarters as it prepares for oil prices to remain above $100 until the end of 2027, CEO Scott Kirby said.
United has been able to raise fares without materially hurting bookings in response to the rapid increase in oil and jet fuel prices, Chief Commercial Officer Andrew Nocella said.
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 AUSTRALIA VGN.AX
Virgin Australia said it was adjusting fares to reflect rising cost pressures across the aviation sector, which it said were being significantly exacerbated by the situation in the Middle East.
GREATER BAY AIRLINES
Hong Kong-based Greater Bay Airlines said it would raise fuel surcharges on most routes from April 1 due to higher fuel prices linked to the Iran war, while keeping charges unchanged on mainland China and Japan routes.
Its surcharge for flights between Hong Kong and the Philippines will more than double, the carrier said.
($1 = 0.8708 euros)
($1 = 93.9430 Indian rupees)
($1 = 7.8393 Hong Kong dollars)
($1 = 1.7470 New Zealand dollars)
(Reporting by Mireia Merino, Marleen Kaesebier, Bernadette Hogg and Dimitri Rhodes; Additional reporting by Aishwarya Jain in Bengaluru; Editing by Matt Scuffham and Milla Nissi-Prussak)
Updates Cathay Pacific, adds Korean Air
March 30 (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 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.
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 ($57) per round trip.
AIR NEW ZEALAND AIR.NZ
The airline was one of the first to announce broad increases to ticket prices on March 10. 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.
AMERICAN AIRLINES AAL.O
The U.S. carrier said it expected a $400 million increase in first-quarter expenses as fuel prices surge.
CATHAY PACIFIC 0293.HK
The Hong Kong airline said it would hike its fuel surcharge by 34% across routes from April 1 and review them every two weeks. The carrier's CEO said it would maintain flight capacity despite the high fuel prices, but that its 10% passenger capacity growth plan could change if demand declines due to high 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.
EASYJET EZJ.L
EasyJet CEO Kenton Jarvis said European consumers should expect higher ticket prices towards the end of summer, when existing fuel hedges come to an end.
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.
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 on March 10 it did not plan to increase ticket prices immediately, as it has 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.
The company is also lobbying the Indian government to cut fuel taxes, sources told Reuters.
JETBLUE AIRWAYS JBLU.O
The U.S.-based low cost carrier said it was increasing fees for optional services such as checked baggage as it experiences "rising operating costs." Baggage prices will rise by either $4 or $9, the company said.
KOREAN AIR
The South Korean flag carrier will enter emergency management mode from April, as rising oil prices weigh on costs, a source with knowledge of the matter told Reuters. The airline plans to implement phased response measures based on oil price levels, and step up company-wide cost efficiency to offset surging fuel costs.
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.
SAS
The Scandinavian airline said it would cancel 1,000 flights in April because of high oil and jet fuel prices. For March, it said it had cancelled a "couple hundred" flights.
SAS, which had already increased flight prices, said that even if it tried to absorb the rising fuel costs, the price surge would still be a blow to the aviation industry.
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.
THAI AIRWAYS THAI.BK
The Thailand-based carrier said it would raise fares by 10% to 15% to address rising fuel costs.
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 ($11.46) 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.
UNITED AIRLINES UAL.O
The U.S. airline is cutting unprofitable flights over the next two quarters as it prepares for oil prices to remain above $100 until the end of 2027, CEO Scott Kirby said.
United has been able to raise fares without materially hurting bookings in response to the rapid increase in oil and jet fuel prices, Chief Commercial Officer Andrew Nocella said.
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 AUSTRALIA VGN.AX
Virgin Australia said it was adjusting fares to reflect rising cost pressures across the aviation sector, which it said were being significantly exacerbated by the situation in the Middle East.
GREATER BAY AIRLINES
Hong Kong-based Greater Bay Airlines said it would raise fuel surcharges on most routes from April 1 due to higher fuel prices linked to the Iran war, while keeping charges unchanged on mainland China and Japan routes.
Its surcharge for flights between Hong Kong and the Philippines will more than double, the carrier said.
($1 = 0.8708 euros)
($1 = 93.9430 Indian rupees)
($1 = 7.8393 Hong Kong dollars)
($1 = 1.7470 New Zealand dollars)
(Reporting by Mireia Merino, Marleen Kaesebier, Bernadette Hogg and Dimitri Rhodes; Additional reporting by Aishwarya Jain in Bengaluru; Editing by Matt Scuffham and Milla Nissi-Prussak)
ANALYSIS-Airlines face fare dilemma as fuel spike threatens travel demand
Higher oil pushes airlines to pull pricing, capacity levers
Pricing strategies may falter if demand weakens
Aircraft supply crunch limits cost cuts
By Rushil Dutta, Sameer Manekar and Yadarisa Shabong
March 30 (Reuters) - Global airlines have begun to hike fares and cut capacity to cope with the sudden surge in the oil price, but the industry's ability to remain profitable may depend on whether consumers pull back on flying as gasoline costs threaten household budgets.
Before the U.S.-Israeli conflict with Iran began last month, the airline industry had forecast record profits of $41 billion in 2026, but a doubling in jet fuel prices has placed that at risk and forced carriers to rethink their networks and strategies.
Carriers ranging from United Airlines UAL.O to Air New Zealand AIR.NZ and Scandinavia's SAS have announced capacity cuts and fare hikes, while others have imposed fuel surcharges.
"Airlines face an existential challenge," said Rigas Doganis, who once headed Greece's former national carrier, Olympic Airways and served as a director of Britain's easyJet EZJ.L.
"They will need to cut fares to stimulate weakening demand while higher fuel costs will be pushing them to increase fares. A perfect storm," said Doganis, who now chairs London-based consultancy firm Airline Management Group.
RECORD PASSENGER TRAFFIC
Last year, the industry reported record global passenger traffic that rebounded to about 9% above pre-pandemic levels even in the face of persistent supply-chain challenges that affected deliveries of new planes.
Record post-pandemic demand for travel and persistent supply-chain challenges had constrained capacity growth and given airlines significant pricing power as they filled more seats on each plane.
But the scale of the increases needed to make up for the jet fuel price surge is huge at a time when consumers are under pressure from higher gasoline prices that could curb discretionary spending.
"The only way to get prices up is to reduce capacity," said Barclays' head of European transport equity research Andrew Lobbenberg. "That is what I would expect to see happen this time, and it's what we saw in the previous occasions when we had other crises; people just have to start trimming capacity."
HIGHER TICKET PRICES
United Airlines CEO Scott Kirby told ABC News last week that fares would need to rise 20% for the airline to cover the higher fuel costs.
Hong Kong's Cathay Pacific Airways 0293.HK has lifted fuel surcharges twice in the last month, and from Wednesday a return trip from Sydney to London will attract an $800 fuel surcharge. Before the Iran conflict, a normal round-trip economy-class fare on the route was roughly A$2,000 ($1,369.60).
Low-cost carriers could struggle the most given their passengers are more price-sensitive than the corporate customers and wealthy consumers who have been increasingly targeted by premium rivals like Delta Air Lines DAL.N and United Airlines, analysts say.
"I think for the more price-sensitive travellers, even the short-haul flying trip gets downgraded, potentially to rail or to bus or other alternatives," said Nathan Gee, Bank of America's head of Asia-Pacific transport research.
OIL SHOCKS
The Middle East conflict is the fourth oil shock for the airline industry since the turn of the century, though the first in which carriers like Vietnam Airlines HVN.HM have expressed concern about securing physical supplies of fuel due to the Strait of Hormuz closure.
There was one in 2007-2008 before the global financial crisis dented demand, another after the Arab Spring around 2011, and a third after the Russia-Ukraine war broke out in 2022.
A string of mergers between 2008 and 2014 like Delta-Northwest and American Airlines-US Airways AAL.O reduced eight major U.S. airlines to four and brought on the era of tighter capacity control, while low-cost carriers such as Ryanair RYA.I and India's IndiGo INGL.NS leaned on single-aircraft fleets and fast turnarounds to keep unit costs low.
Replacing older, thirstier planes with more fuel-efficient models is an obvious way for carriers to reduce costs, but a severe supply-chain shortage in the wake of the pandemic and issues with new-generation engines have delayed deliveries.
And while U.S. ultra-low-cost carriers have some of the newest, most fuel-efficient planes in the industry, if travel demand falters, paying for the new planes could become a barrier to profit.
Dan Taylor, head of consulting at aviation advisory firm IBA, said the current oil shock was expected to widen the gap between financially strong and weaker airlines.
"Carriers with robust balance sheets, strong pricing power, and reliable access to capital are better positioned to absorb ongoing pressures," he said on the firm's website. "In contrast, airlines with low profitability and limited funding options may face increasing financial stress."
($1 = 1.4603 Australian dollars)
Jet Fuel vs Industry Fuel Bill https://reut.rs/3O2uFic
Oil Price Turbulence in the 21st Century https://reut.rs/4uUdz6E
Oil Price vs Industry Profitability https://reut.rs/4s09X0t
Jet Fuel vs Demand and Yield https://reut.rs/3PKoNup
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge nL6N40F0BH
(Reporting by Rushil Dutta, Sameer Manekar and Yadarisa Shabong in Bengaluru; Additonal reporting by Shivansh Tiwary in Bengaluru, Joanna Plucinska in London and Julie Zhu in Hong Kong; Editing by Jamie Freed)
Higher oil pushes airlines to pull pricing, capacity levers
Pricing strategies may falter if demand weakens
Aircraft supply crunch limits cost cuts
By Rushil Dutta, Sameer Manekar and Yadarisa Shabong
March 30 (Reuters) - Global airlines have begun to hike fares and cut capacity to cope with the sudden surge in the oil price, but the industry's ability to remain profitable may depend on whether consumers pull back on flying as gasoline costs threaten household budgets.
Before the U.S.-Israeli conflict with Iran began last month, the airline industry had forecast record profits of $41 billion in 2026, but a doubling in jet fuel prices has placed that at risk and forced carriers to rethink their networks and strategies.
Carriers ranging from United Airlines UAL.O to Air New Zealand AIR.NZ and Scandinavia's SAS have announced capacity cuts and fare hikes, while others have imposed fuel surcharges.
"Airlines face an existential challenge," said Rigas Doganis, who once headed Greece's former national carrier, Olympic Airways and served as a director of Britain's easyJet EZJ.L.
"They will need to cut fares to stimulate weakening demand while higher fuel costs will be pushing them to increase fares. A perfect storm," said Doganis, who now chairs London-based consultancy firm Airline Management Group.
RECORD PASSENGER TRAFFIC
Last year, the industry reported record global passenger traffic that rebounded to about 9% above pre-pandemic levels even in the face of persistent supply-chain challenges that affected deliveries of new planes.
Record post-pandemic demand for travel and persistent supply-chain challenges had constrained capacity growth and given airlines significant pricing power as they filled more seats on each plane.
But the scale of the increases needed to make up for the jet fuel price surge is huge at a time when consumers are under pressure from higher gasoline prices that could curb discretionary spending.
"The only way to get prices up is to reduce capacity," said Barclays' head of European transport equity research Andrew Lobbenberg. "That is what I would expect to see happen this time, and it's what we saw in the previous occasions when we had other crises; people just have to start trimming capacity."
HIGHER TICKET PRICES
United Airlines CEO Scott Kirby told ABC News last week that fares would need to rise 20% for the airline to cover the higher fuel costs.
Hong Kong's Cathay Pacific Airways 0293.HK has lifted fuel surcharges twice in the last month, and from Wednesday a return trip from Sydney to London will attract an $800 fuel surcharge. Before the Iran conflict, a normal round-trip economy-class fare on the route was roughly A$2,000 ($1,369.60).
Low-cost carriers could struggle the most given their passengers are more price-sensitive than the corporate customers and wealthy consumers who have been increasingly targeted by premium rivals like Delta Air Lines DAL.N and United Airlines, analysts say.
"I think for the more price-sensitive travellers, even the short-haul flying trip gets downgraded, potentially to rail or to bus or other alternatives," said Nathan Gee, Bank of America's head of Asia-Pacific transport research.
OIL SHOCKS
The Middle East conflict is the fourth oil shock for the airline industry since the turn of the century, though the first in which carriers like Vietnam Airlines HVN.HM have expressed concern about securing physical supplies of fuel due to the Strait of Hormuz closure.
There was one in 2007-2008 before the global financial crisis dented demand, another after the Arab Spring around 2011, and a third after the Russia-Ukraine war broke out in 2022.
A string of mergers between 2008 and 2014 like Delta-Northwest and American Airlines-US Airways AAL.O reduced eight major U.S. airlines to four and brought on the era of tighter capacity control, while low-cost carriers such as Ryanair RYA.I and India's IndiGo INGL.NS leaned on single-aircraft fleets and fast turnarounds to keep unit costs low.
Replacing older, thirstier planes with more fuel-efficient models is an obvious way for carriers to reduce costs, but a severe supply-chain shortage in the wake of the pandemic and issues with new-generation engines have delayed deliveries.
And while U.S. ultra-low-cost carriers have some of the newest, most fuel-efficient planes in the industry, if travel demand falters, paying for the new planes could become a barrier to profit.
Dan Taylor, head of consulting at aviation advisory firm IBA, said the current oil shock was expected to widen the gap between financially strong and weaker airlines.
"Carriers with robust balance sheets, strong pricing power, and reliable access to capital are better positioned to absorb ongoing pressures," he said on the firm's website. "In contrast, airlines with low profitability and limited funding options may face increasing financial stress."
($1 = 1.4603 Australian dollars)
Jet Fuel vs Industry Fuel Bill https://reut.rs/3O2uFic
Oil Price Turbulence in the 21st Century https://reut.rs/4uUdz6E
Oil Price vs Industry Profitability https://reut.rs/4s09X0t
Jet Fuel vs Demand and Yield https://reut.rs/3PKoNup
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge nL6N40F0BH
(Reporting by Rushil Dutta, Sameer Manekar and Yadarisa Shabong in Bengaluru; Additonal reporting by Shivansh Tiwary in Bengaluru, Joanna Plucinska in London and Julie Zhu in Hong Kong; Editing by Jamie Freed)
India Civil Aviation Ministry Says Full Emergency Declared At Delhi Airport After Indigo Flight Suffers One Engine Failure
March 28 (Reuters) -
INDIA CIVIL AVIATION MINISTRY SAYS FULL EMERGENCY DECLARED AT DELHI AIRPORT AFTER INDIGO FLIGHT SUFFERS ONE ENGINE FAILURE
INDIA CIVIL AVIATION MINISTRY SAYS AIRPORT OPERATIONS ARE NORMAL
March 28 (Reuters) -
INDIA CIVIL AVIATION MINISTRY SAYS FULL EMERGENCY DECLARED AT DELHI AIRPORT AFTER INDIGO FLIGHT SUFFERS ONE ENGINE FAILURE
INDIA CIVIL AVIATION MINISTRY SAYS AIRPORT OPERATIONS ARE NORMAL
FACTBOX-Airlines cancel more flights as Middle East conflict escalates
Updates Pegasus, Qantas, Qatar
March 27 (Reuters) - Global air travel remains severely disrupted, with many people still unable to fly as planned to destinations 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 has cancelled flights to Tel Aviv, Beirut and Amman until April 22, and to Erbil and Baghdad until May 24. Flights to Dubai have been cancelled until April 19 and to Riyadh until April 18.
AIRBALTIC
Latvia's airBaltic said all flights to Tel Aviv had been cancelled until April 29. All flights to Dubai stand cancelled until October 24.
AIR CANADA AC.TO
The Canadian carrier has cancelled all flights to Tel Aviv until May 2 and to Dubai until April 30.
AIR EUROPA
The Spanish airline has cancelled all flights to Tel Aviv until April 10.
AIR FRANCE KLM AIRF.PA
Air France has cancelled Tel Aviv and Beirut flights until April 4 and Dubai and Riyadh flights until March 31, as well as an April 1 departure from Dubai.
KLM suspended flights to Tel Aviv, Riyadh, Dammam and Dubai until May 17.
CATHAY PACIFIC 0293.HK
The Hong Kong airline has cancelled all passenger flights to Dubai and Riyadh until May 31. To cater to a surge in demand to Europe, it will operate extra passenger flights to London, Paris and Zurich, along with additional capacity to London, in April.
DELTA DAL.N
The U.S. carrier 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, had been delayed until further notice.
EL AL ISRAEL AIRLINES ELAL.TA
The Israeli carrier said customers who planned to depart Israel through April 4 had their flights cancelled, including corresponding return flights. The airline is operating a limited number of flights to several key destinations.
EMIRATES
The UAE airline said it was operating a reduced flight schedule following a partial reopening of regional airspace.
ETIHAD AIRWAYS
The UAE carrier said it was operating a commercial flight schedule between Abu Dhabi and around 80 destinations.
FINNAIR FIA1S.HE
The Finnish carrier has cancelled its Dubai flights until March 29 and Doha flights until July 2, while continuing to avoid the airspace of Iraq, Iran, Syria and Israel.
FLYNAS
Saudi budget airline Flynas has extended its suspension of flights to Dubai, Abu Dhabi, Sharjah, Doha, Bahrain, Kuwait, Iraq and Syria until March 31.
IAG ICAG.L
IAG-owned British Airways has extended cancellations of flights to Amman, Bahrain, Dubai and Tel Aviv until May 31 and to Doha until April 30, while adding flights to Bangkok and Singapore. Flights to Abu Dhabi remain suspended until later this year.
INDIGO INGL.NS
The Indian airline has suspended operations to Doha, Kuwait, Bahrain, Dammam, Fujairah, Ras Al Khaimah and Sharjah until March 28.
JAPAN AIRLINES 9201.T
Japan Airlines has suspended scheduled Tokyo-Doha flights until April 10 and Doha-Tokyo flights until April 11.
LOT
The Polish airline said all its flights to Dubai have been cancelled until March 28 and to Tel Aviv until May 31. It has also cancelled flights to Riyadh until April 30 and to Beirut from March 31 to April 30.
LUFTHANSA GROUP LHAG.DE
Lufthansa, Swiss, Austrian Airlines, Brussels Airlines, ITA Airways and Edelweiss have suspended flights to Dubai and Tel Aviv until May 31, and to Abu Dhabi, Amman, Beirut, Dammam, Riyadh, Erbil, Muscat and Tehran until October 24. Lufthansa Cargo is the same, except for Tel Aviv suspension which will last through April 30.
Low-cost carrier Eurowings plans to suspend flights to Tel Aviv, Beirut and Erbil through April 30 and to Dubai, Abu Dhabi and Amman through October 24.
MALAYSIA AIRLINES
The Malaysian carrier has suspended all flights to Doha until April 15.
NORWEGIAN AIR NAS.OL
The low-cost airline has pushed back planned launches of its Tel Aviv and Beirut services to June 15, from April 1 and April 4, respectively. It has cancelled all Dubai flights through April 8.
PEGASUS PGSUS.IS
Turkey's Pegasus Airlines has cancelled its Iran, Iraq, Amman, Beirut, Kuwait, Bahrain, Doha, Dammam, Riyadh, Dubai, Abu Dhabi and Sharjah flights until April 13.
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 said it is gradually increasing its flights to and from Doha with additional flight frequency to more than 90 destinations.
SINGAPORE AIRLINES SIAL.SI
The carrier extended the suspension of its Singapore-Dubai flights until April 30, 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
Turkish Airlines has cancelled most Middle East flights until the end of March. SunExpress, its joint venture with Lufthansa, has cancelled flights to Dubai until April 6 and to Bahrain until April 30.
WIZZ AIR WIZZ.L
The low-cost airline has suspended flights to Israel until March 29, and to Dubai, Abu Dhabi, Amman and Jeddah from mainland European destinations until mid-September.
(Compiled by Josephine Mason, Jamie Freed, Elviira Luoma, Tiago Brandao, Agnieszka Olenska, Bernadette Hogg, Boleslaw Lasocki and Romolo Tosiani; Editing by Matt Scuffham, Milla Nissi-Prussak, Christopher Cushing, Sumana Nandy and Joe Bavier)
Updates Pegasus, Qantas, Qatar
March 27 (Reuters) - Global air travel remains severely disrupted, with many people still unable to fly as planned to destinations 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 has cancelled flights to Tel Aviv, Beirut and Amman until April 22, and to Erbil and Baghdad until May 24. Flights to Dubai have been cancelled until April 19 and to Riyadh until April 18.
AIRBALTIC
Latvia's airBaltic said all flights to Tel Aviv had been cancelled until April 29. All flights to Dubai stand cancelled until October 24.
AIR CANADA AC.TO
The Canadian carrier has cancelled all flights to Tel Aviv until May 2 and to Dubai until April 30.
AIR EUROPA
The Spanish airline has cancelled all flights to Tel Aviv until April 10.
AIR FRANCE KLM AIRF.PA
Air France has cancelled Tel Aviv and Beirut flights until April 4 and Dubai and Riyadh flights until March 31, as well as an April 1 departure from Dubai.
KLM suspended flights to Tel Aviv, Riyadh, Dammam and Dubai until May 17.
CATHAY PACIFIC 0293.HK
The Hong Kong airline has cancelled all passenger flights to Dubai and Riyadh until May 31. To cater to a surge in demand to Europe, it will operate extra passenger flights to London, Paris and Zurich, along with additional capacity to London, in April.
DELTA DAL.N
The U.S. carrier 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, had been delayed until further notice.
EL AL ISRAEL AIRLINES ELAL.TA
The Israeli carrier said customers who planned to depart Israel through April 4 had their flights cancelled, including corresponding return flights. The airline is operating a limited number of flights to several key destinations.
EMIRATES
The UAE airline said it was operating a reduced flight schedule following a partial reopening of regional airspace.
ETIHAD AIRWAYS
The UAE carrier said it was operating a commercial flight schedule between Abu Dhabi and around 80 destinations.
FINNAIR FIA1S.HE
The Finnish carrier has cancelled its Dubai flights until March 29 and Doha flights until July 2, while continuing to avoid the airspace of Iraq, Iran, Syria and Israel.
FLYNAS
Saudi budget airline Flynas has extended its suspension of flights to Dubai, Abu Dhabi, Sharjah, Doha, Bahrain, Kuwait, Iraq and Syria until March 31.
IAG ICAG.L
IAG-owned British Airways has extended cancellations of flights to Amman, Bahrain, Dubai and Tel Aviv until May 31 and to Doha until April 30, while adding flights to Bangkok and Singapore. Flights to Abu Dhabi remain suspended until later this year.
INDIGO INGL.NS
The Indian airline has suspended operations to Doha, Kuwait, Bahrain, Dammam, Fujairah, Ras Al Khaimah and Sharjah until March 28.
JAPAN AIRLINES 9201.T
Japan Airlines has suspended scheduled Tokyo-Doha flights until April 10 and Doha-Tokyo flights until April 11.
LOT
The Polish airline said all its flights to Dubai have been cancelled until March 28 and to Tel Aviv until May 31. It has also cancelled flights to Riyadh until April 30 and to Beirut from March 31 to April 30.
LUFTHANSA GROUP LHAG.DE
Lufthansa, Swiss, Austrian Airlines, Brussels Airlines, ITA Airways and Edelweiss have suspended flights to Dubai and Tel Aviv until May 31, and to Abu Dhabi, Amman, Beirut, Dammam, Riyadh, Erbil, Muscat and Tehran until October 24. Lufthansa Cargo is the same, except for Tel Aviv suspension which will last through April 30.
Low-cost carrier Eurowings plans to suspend flights to Tel Aviv, Beirut and Erbil through April 30 and to Dubai, Abu Dhabi and Amman through October 24.
MALAYSIA AIRLINES
The Malaysian carrier has suspended all flights to Doha until April 15.
NORWEGIAN AIR NAS.OL
The low-cost airline has pushed back planned launches of its Tel Aviv and Beirut services to June 15, from April 1 and April 4, respectively. It has cancelled all Dubai flights through April 8.
PEGASUS PGSUS.IS
Turkey's Pegasus Airlines has cancelled its Iran, Iraq, Amman, Beirut, Kuwait, Bahrain, Doha, Dammam, Riyadh, Dubai, Abu Dhabi and Sharjah flights until April 13.
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 said it is gradually increasing its flights to and from Doha with additional flight frequency to more than 90 destinations.
SINGAPORE AIRLINES SIAL.SI
The carrier extended the suspension of its Singapore-Dubai flights until April 30, 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
Turkish Airlines has cancelled most Middle East flights until the end of March. SunExpress, its joint venture with Lufthansa, has cancelled flights to Dubai until April 6 and to Bahrain until April 30.
WIZZ AIR WIZZ.L
The low-cost airline has suspended flights to Israel until March 29, and to Dubai, Abu Dhabi, Amman and Jeddah from mainland European destinations until mid-September.
(Compiled by Josephine Mason, Jamie Freed, Elviira Luoma, Tiago Brandao, Agnieszka Olenska, Bernadette Hogg, Boleslaw Lasocki and Romolo Tosiani; Editing by Matt Scuffham, Milla Nissi-Prussak, Christopher Cushing, Sumana Nandy and Joe Bavier)
Indigo Receives Penalty Of 429.2 Million Rupees
March 26 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO - RECEIVES ORDER IN GST PROCEEDINGS
INDIGO - PENALTY OF 429.2 MILLION RUPEES IMPOSED
Source text: ID:nBSE3MPDhx
Further company coverage: INGL.NS
March 26 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO - RECEIVES ORDER IN GST PROCEEDINGS
INDIGO - PENALTY OF 429.2 MILLION RUPEES IMPOSED
Source text: ID:nBSE3MPDhx
Further company coverage: INGL.NS
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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 ₹1,70,200 Crs. While the median market cap of its peers are ₹1,094 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?
Balance sheet of Interglobe Aviation is moderately strong.
Is the profitablity of Interglobe Aviation improving?
No, profit is decreasing. The profit of Interglobe Aviation is ₹3,211 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 -₹19,482.5 Crs as of Sep-25. This is greater than Mar-25 when it was -₹36,124 Crs.
Is Interglobe Aviation stock expensive?
Interglobe Aviation is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Interglobe Aviation is 52.99, while 3 year average PE is 18.15. Also latest EV/EBITDA of Interglobe Aviation is 8.73 while 3yr average is 22.35.
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 ~15.24% over the last 10yrs while peers have grown at a median rate of -6.0%
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%.