Uganda Airlines has advanced plans to join the African Airlines Association, AFRAA Joint Fuel Purchase program, to mitigate the impact of the high jet fuel prices on its cost base. Fuel as a component now accounts for 52 percent of the cost base, up from 30 to 40...
Wizz Air’s policy not to hedge fuel costs has bitten it hard in the first quarter of FY23. While passenger numbers and revenues significantly increased, they were negated by the effects of higher fuel and operating costs. It pushed the ultra-low-cost carrier...
Both American Airlines and United Airlines returned to profitability in the second quarter, their first profits since the start of the pandemic. This was thanks to the fact that the two major US carriers had their best Q2 profits ever, they announced this week....
Thanks to the recovery of air travel, the airline industry will likely be able to reduce its losses this year to $9.7 billion. This is an improvement over the previous forecast of a $-11.6 billion loss from October and includes the effects of inflation, the...
High fuel costs, inflation, new Covid variants, and political and economic uncertainties could be showstoppers, but Emirates expects to return to profitability in the current FY2022/2023. The Dubai-based airline reported its second net loss in a row for FY2021/2022,...
AirInsight is the boutique aerospace media and analysis team and part of AirInsight Group LLC.
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