India’s major airlines warned of a potential suspension in services unless the government lowered jet fuel prices. “The airline industry in India is under extreme stress and on the verge of closing down or of stopping its operations,” the Federation of Indian Airlines, representing carriers including IndiGo, Air India and SpiceJet, said in a letter to India’s Civil Aviation Ministry, seen by Bloomberg. They sought a return to pandemic-era cost caps on aviation turbine fuel and a reduction or...
The West Asia turmoil has pushed up oil prices, and airspace restrictions have increased airlines' operating costs, especially on long-haul routes
The signal is clear. In the first quarter of this year, just three C919 aircraft were delivered – two to China Southern Airlines and one to Air China. For a Chinese programme expected to deliver more than 30 of these home-grown narrowbody airliners this year, the gap between ambition and reality has opened up quickly. Commercial Aircraft Corporation of China (Comac) delivered 15 C919s last year, far short of the target of 75 set before supply disruptions forced a reset. Even the modest reported...
Asian airlines are cutting flights, raising fares and reshuffling networks as the Iran war sends jet fuel prices soaring, leaving carriers across the region scrambling to protect their margins and preserve key routes. The shock has hit Asia especially hard because many economies depend heavily on fuel flows from the Middle East, according to aviation analysts, and some regional carriers are less protected from sudden price spikes than their counterparts in Europe or the US. “The impact has been...