Avelo CEO Warns Airfares May Rise on Jet Fuel Price Spikes
Avelo Airlines CEO Andrew Levy warns that rising fuel costs may force fare increases as global jet fuel prices reach $171.01 per barrel.
31 aviation articles tagged “Aviation business”
Avelo Airlines CEO Andrew Levy warns that rising fuel costs may force fare increases as global jet fuel prices reach $171.01 per barrel.
Adani Airport Holdings raised $1 billion from global investors, reaching a $19 billion post-money valuation to fund airport infrastructure expansion.
Air Canada is launching seven international routes as Canadian travel to the U.S. drops 27 percent amid geopolitical and tariff tensions.
Solomon Airlines will reduce international Vanuatu services and retire an Airbus A320-200 by May 2027 to navigate rising fuel costs and market softness.
United Airlines expects $6 billion in additional fuel costs this year as the Strait of Hormuz closure forces industry-wide capacity reductions.
Riyadh Air is in negotiations to convert 25 to 30 existing Boeing 787 options into firm orders to support its long-haul growth strategy.
British Airways is upgrading its 12 Airbus A380s with new Club Suites, reducing total capacity to 421 seats to prioritize premium cabin demand.
SpiceJet will settle a ₹144.5 crore court-mandated deposit in two tranches using government emergency credit to avoid operational collapse.
A US summer travel slump is underway as 45 percent of Americans skip trips due to record airfare inflation and rising fuel expenses.
EasyJet has reached a preliminary agreement for a £5.2 billion buyout by Castlelake, valuing the carrier at 690 pence per share.
Air New Zealand is deferring two Boeing 787-9 deliveries to the first half of FY27 as part of a plan to achieve NZ$100 million in cost savings.
Adani Airport City Limited will develop 22 million square feet of commercial infrastructure across six Indian airports to boost non-aeronautical revenue.
Breeze Airways is expanding its network with three new cities and 11 nonstop routes, featuring introductory fares starting at $49 one way.
Singapore Airlines and Malaysia Airlines have launched an antitrust-immunized joint venture on the Singapore to Kuala Lumpur route.
Spirit Airlines ceased operations in May 2026 after bankruptcy, highlighting a structural shift toward premium revenue among major U.S. carriers.
Boeing delivered 60 commercial aircraft in May 2026, a 33% year-over-year increase, though net orders fell to 11 following 737 MAX cancellations.
Air India is reportedly negotiating to defer hundreds of aircraft deliveries as the carrier faces a $2.8 billion loss for the 2025-26 fiscal year.
United Airlines CEO Scott Kirby has abandoned merger plans with American Airlines, citing antitrust barriers amid a $4.88-per-gallon fuel price surge.
Global airline profit margins are forecast to shrink to 2.0% in 2026 as jet fuel prices surge 70%, heightening concerns for regional route viability.
Riyadh Air took delivery of its first two Boeing 787-9s ahead of its July 1, 2026, commercial launch between Riyadh and London Heathrow.