The GTF crisis: three years in, the bill keeps growing
835 aircraft grounded at peak, $11bn in industry-wide costs, 360-day shop visits and no full resolution before late 2027. A verified financial audit of the GTF crisis, airline by airline.
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The Insider Brief — Friday 22 May 2026
EasyJet posted a first-half pre-tax loss of £552mn as the Iran conflict pushed fuel costs up and dampened summer bookings. Qatar Airways reported a $1.94bn full-year profit despite a near-total hub shutdown in February. Airbus warned A350 customers of fresh delivery delays.
Norse Atlantic hires JPMorgan for sale as losses deepen
Norse Atlantic has hired JPMorgan for a sale process that could value it at $1.3bn including debt, as Q1 net losses deepened 60 per cent and passenger numbers fell 25 per cent in April amid fuel costs and route cuts.
easyJet loss widens to $740mn on fuel costs and Italy drag
easyJet's H1 2026 pre-tax loss widened 40% to $740mn (552mn pounds) as fuel costs, legal provisions and new Italian base investments offset 12% revenue growth to $5.0bn and a record 90% load factor.
The Insider Brief — Thursday 21 May 2026
EasyJet reports a guided half-year pre-tax loss of between £540mn and £560mn this morning as the fuel crisis bites. The IEA warns Europe has six weeks of jet fuel remaining. Alaska Airlines launches Seattle–London Heathrow today as American opens Philadelphia–Budapest and Philadelphia–Prague.