The hedge book is the only thing keeping low-cost alive
From Spirit's $2.24/gallon assumption to Ryanair's 80% hedge at $67/barrel: a Pro analysis of where the low-cost model breaks under fuel stress, and which carriers are closest.
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The Insider Brief — Wednesday 9 September 2026
Boeing and SPEEA resume formal negotiations today with a 6 October strike deadline looming. EasyJet extends its Apollo scheme document deadline. Air Canada announces new summer 2027 destinations in what it calls its most extensive intercontinental expansion.
TAP posts €99.2mn first-half loss as fuel costs bite
TAP Air Portugal posted a first-half 2026 net loss of €99.2mn, 40% wider than a year earlier, as fuel costs rose 18.7% and erased record revenue of €2.04bn. The results arrive as Air France-KLM and Lufthansa bid for a stake in the airline.
The Insider Brief — Wednesday 2 September 2026
Ryanair cuts its full-year traffic target by 2 million passengers and warns some rivals may not survive winter as unhedged jet fuel trades near $140 per barrel. Southwest launches its first lounge network for 2027 with Chase. Bombardier acquires MHI Canada's wing business near Toronto.
The Insider Brief — Monday 31 August 2026
Boeing and SPEEA resume talks with a 7 October strike deadline looming after engineers rejected the contract. Carl Icahn cuts his JetBlue stake to 3.3 per cent, triggering board departures. Latvia's prime minister rules out state participation in airBaltic's recapitalisation.