AirAsia does not need bailout, CEO Tony Fernandes says amid liquidity concerns
Fernandes said AirAsia was adept at managing cash and expected to raise more than USD 1 billion, mostly to refinance existing debt, by January 2027...
Tag : Jet Fuel Price
Soaring jet fuel costs, squeezing profits: Airlines’ ‘Iran’ headache
While the budget carriers have felt the worst of the volatile geopolitics, industry's hedging programmes too faced acid test...
AirBaltic files for Chapter 11 bankruptcy as Iran war drives up fuel costs
AirBaltic, known as Latvia's flagship carrier, now seeks to restructure its debt pile and survive the deepening sector-wide crisis...
Global air travel demand to see a moderate 2026, says IATA
As per the IATA, the industry-wide revenue passenger kilometres (RPK), a key measure of passenger demand, will grow by 2.1% in 2026...
IF Insights: Airlines face grounding risk as Iran war pushes jet fuel price higher
As per industry executives, even if the Strait of Hormuz reopens, cost impact on jet fuel will persist due to reduced refining capacity in the Middle East...
The demise of Spirit Airlines: All you need to know
Spirit Airlines built its brand around affordable fares for budget-conscious travellers, while shunning add-ons like checked bags and seat assignments...
Jet fuel prices, economic slowdown to hinder aviation sector’s recovery
The increase in aviation travel that followed the removal of restrictions in 2022 is still present in 2023...