News
Spirit Airlines filed its restructuring plan assuming jet fuel at $2.24 per gallon. The market is at $4.32. J.P. Morgan puts the gap at $360 million in additional costs — more than the airline's entire cash balance.
Newsletter
The ceasefire expires this evening. United Airlines reports after the close. The EASA bulletin runs out on Thursday. American reports Wednesday.
Long Read
Singapore Airlines filled 93.5% of its European seats in March. Cathay Pacific carried 24% more passengers year-on-year. Korean Air posted a record quarter with European revenue up 18%.
Opinion
Michael O'Leary has been right about fuel risk, ancillary revenue, secondary airports and marketing for thirty years. The industry is still laughing.
Newsletter
The USS Spruance seized an Iranian cargo ship in the Gulf of Oman on Sunday. The ceasefire expires Wednesday. United and American report earnings this week. And Europe's jet fuel clock is still running. Here is what the industry is waking up to on Monday morning.
Long Read
The Strait of Hormuz opened for twelve hours on Friday. By Saturday morning Iran had closed it again. For an unhedged carrier still in post-bankruptcy recovery, every additional week of this costs money it cannot spare.
Analysis
Jet fuel prices remain double their pre-war levels. IATA warns of European cancellations by end of May regardless. The carriers that survive the rest of 2026 intact are already visible — and so are the ones that may not.
News
American Airlines said Friday it is not interested in a merger with United and has held no discussions. The statement goes further, calling the combination anti-competitive and invoking Trump's own antitrust philosophy to close the door.
News
Iran declared the Strait of Hormuz completely open today. Heating oil futures fell 13 per cent within minutes. The mines are still in the water, the US blockade of Iranian ports remains in force, and Europe's jet fuel stocks will not recover for weeks regardless.
Analysis
Norse Atlantic entered 2026 with its first credible profit forecast. Eleven weeks later, it was asking shareholders for $110 million. The fuel crisis has found its most exposed victim.
News
Lufthansa strikes enter a sixth day as Spirit Airlines faces potential liquidation from record jet fuel prices. Air France-KLM extends flight suspensions through May 3, while Qatar Airways removes 12,000 flights following A380 groundings.
News
Spirit Airlines faces a potential liquidation as a $360 million fuel cost spike threatens to exhaust its $337 million cash reserve. Creditors are now questioning the viability of the carrier’s planned summer exit from its second bankruptcy.