GE Aerospace Raises 2026 Guidance Amid Fuel Shock
GE Aerospace raised its 2026 EPS guidance to up to $7.85 as a 72% jet fuel price spike forces airlines to keep repairing older engine fleets.
41 aviation articles tagged “aviation fuel”
GE Aerospace raised its 2026 EPS guidance to up to $7.85 as a 72% jet fuel price spike forces airlines to keep repairing older engine fleets.
Dangote Refinery exported 466,000 metric tonnes of jet fuel to Europe in June, surpassing US shipments and impacting regional fuel prices.
Air Peace CEO Allen Onyema warned that soaring Jet-A1 fuel costs and high interest rates are forcing Nigerian airlines to borrow heavily to survive.
United Nigeria Airlines sustained a N10bn loss in three months as fuel prices surged due to the closure of the Strait of Hormuz.
Delayed runway rehabilitation at Wilson Airport has caused $4.8 million in losses for operators, compounding pressure ahead of the peak safari season.
Azul and other Brazilian carriers are reducing capacity as Petrobras jet fuel price hikes and geopolitical tensions drive up operating costs.
Iberia, Air France, and Air Canada have suspended flights to Cuba due to a severe Jet A-1 fuel shortage and a 48% decline in international tourism.
American Airlines will suspend six domestic routes through October 2026 as surging fuel costs force network cuts affecting 1.4 million annual passengers.
EasyJet flight EJU7357 diverted to Liverpool on May 31, 2026, due to a localized jet fuel supply shortage at Scottish airports.
Ryanair will maintain its full Morocco flight schedule, leveraging an 80% fuel hedge to avoid the route cuts currently affecting Royal Air Maroc.
Royal Air Maroc has suspended 12 international routes as aviation kerosene prices surged past $1,700 per ton due to Middle East geopolitical tensions.
Ryanair achieved a record €2.26 billion net profit in fiscal year 2026, bolstered by a strategic fuel hedging program amidst industry-wide energy pressure.
Dangote Refinery has reduced Aviation Turbine Fuel prices to ₦1,650 per litre, providing cost relief to domestic carriers despite high election demand.
Air India is canceling 27% of its international flights due to Mideast airspace closures and high domestic fuel taxes, impacting its summer schedule.
Lufthansa projects €1.7 billion in extra fuel costs for 2026 due to the Middle East conflict, as IATA warns of potential flight cancellations in Europe.
SAS warns of a looming European e-SAF shortage, stating a lack of production could cause a fuel shock and higher fares when EU mandates start in 2030.
Nigeria's NMDPRA backs Dangote Refinery's new aviation fuel price, aiming to enforce compliance and stabilize the market for struggling airlines.
Repsol is increasing jet fuel production by 15-20% at its Spanish refineries as geopolitical conflict in Iran tightens global aviation fuel supplies.
Nigerian aviation unions protested poor wages and casual labor, warning the conditions threaten industry safety and worker welfare amid a severe fuel...
Delta Air Lines reaffirms its 10% sustainable aviation fuel goal for 2030, citing slow technology development as a key industry decarbonization risk.