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Deferring jet orders over Iran war would be costly for Middle Eastern carriers, IATA VP says

Deferring jet orders over Iran war would be costly for Middle Eastern carriers, IATA VP says

By Allison Lampert and Gabriel Araujo RIO DE JANEIRO, June 6 (Reuters) - Deferring jet orders due to uncertainty and higher jet fuel prices caused by the war in Iran would be unwise for Middle Eastern carriers, as the decision could be costly in the long term, a vice president of the airline trade
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Alaska Air says demand, fares could support second-half cash flow despite fuel shock

Alaska Air says demand, fares could support second-half cash flow despite fuel shock

By Rajesh Kumar Singh RIO DE JANEIRO, June 6 (Reuters) - Alaska Air Group is hopeful it can reinstate its financial guidance on its second-quarter earnings call if fuel prices show more stability, Chief Financial Officer Shane Tackett told Reuters on Saturday, after volatility in jet fuel costs
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Air New Zealand plans for elevated fuel costs into 2027

Air New Zealand plans for elevated fuel costs into 2027

By Rajesh Kumar Singh RIO DE JANEIRO, June 6 (Reuters) - Air New Zealand has offset only 25% to 40% of the hit from higher fuel prices through hedging and fare increases, Chief Executive Nikhil Ravishankar told Reuters on Saturday, as the carrier plans for elevated fuel costs going into its 2027
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Embraer sees airlines delaying decisions on plane purchase options due to Iran war

Embraer sees airlines delaying decisions on plane purchase options due to Iran war

By Gabriel Araujo RIO DE JANEIRO, June 6 (Reuters) - Some airlines are delaying decisions on whether to exercise aircraft purchase options amid uncertainties related to the war in Iran, which has pushed up jet fuel prices, Embraer CEO Francisco Gomes Neto told Reuters on Saturday.
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Airline chiefs grapple with fuel shock, fare test at Rio summit

Airline chiefs grapple with fuel shock, fare test at Rio summit

By Rajesh Kumar Singh and Allison Lampert RIO DE JANEIRO, June 6 (Reuters) - Global airline chiefs open their annual summit in Rio de Janeiro on Saturday facing a sharper test of the industry's post-pandemic recovery, as the Iran war drives up fuel costs and disrupts airspace while carriers try to
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United Airlines CEO says big merger unlikely after American rebuff, asset buys possible

United Airlines CEO says big merger unlikely after American rebuff, asset buys possible

By Rajesh Kumar Singh and Joe Brock RIO DE JANEIRO, June 7 (Reuters) - United Airlines remains open to buying airport slots, gates or other assets if higher fuel prices put weaker rivals under pressure, but it is unlikely to pursue a major consolidation deal after its failed overture to American
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Southwest sticks with Boeing as MAX 7 delay pushes service to 2027

Southwest sticks with Boeing as MAX 7 delay pushes service to 2027

By Rajesh Kumar Singh RIO DE JANEIRO, June 6 (Reuters) - Southwest Airlines expects Boeing's long-delayed 737 MAX 7 to enter revenue service in 2027 and remains focused on the MAX family rather than adding another aircraft type to reduce risk, Chief Operating Officer Andrew Watterson told Reuters on
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Global airlines slash 2026 profit forecast on fuel shock from Iran war

Global airlines slash 2026 profit forecast on fuel shock from Iran war

By Gabriel Araujo, Luciana Magalhaes, Rajesh Kumar Singh and Allison Lampert RIO DE JANEIRO, June 7 (Reuters) - The global airline industry nearly halved its 2026 profit forecast on Sunday, citing conflict in the Middle East that has driven up fuel costs, disrupted key air corridors and exposed the
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Brazil's Embraer sees eventual China breakthrough for E2 jets

Brazil's Embraer sees eventual China breakthrough for E2 jets

By Gabriel Araujo RIO DE JANEIRO, June 7 (Reuters) - Brazilian planemaker Embraer expects to eventually bring its E2 jets into China, seeing a role for the aircraft among the country's domestically developed models, a senior executive told Reuters on Sunday.
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High fuel costs to trigger airline failures and consolidation, industry chief says

High fuel costs to trigger airline failures and consolidation, industry chief says

By Joe Brock RIO DE JANEIRO, June 6 (Reuters) - Soaring jet fuel prices driven by conflict in the Middle East are likely to push more airlines into bankruptcy and spur more sector consolidation this year and next, the head of the global airline body said on Saturday.
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LATAM Airlines Plans New E2 Destinations to Enhance Brazilian Market Reach

LATAM Airlines Plans New E2 Destinations to Enhance Brazilian Market Reach

LATAM Airlines Group is set to announce new destinations for its Embraer E195-E2 aircraft by the end of July, with the first deliveries expected in the fourth quarter of this year. Jerome Cadier, President of LATAM Airlines Brazil, disclosed this timeline during the IATA AGM. The introduction of the E2s is aimed at expanding LATAM's reach in Brazil, where it currently holds a 40% domestic market share. The initial deployment of 24 E2s will focus on Brazil, with options for an additional 50 aircraft. LATAM's CEO, Roberto Alvo, highlighted the potential to serve smaller markets in South America, particularly in Brazil, where many cities have limited connectivity compared to larger urban centers. The E2s will be based in Sao Paulo Guarulhos, Brasilia, and Fortaleza, and are expected to enhance LATAM's existing network, which has grown from 40 to 62 destinations since the COVID-19 pandemic.
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IATA Predicts Adequate Fuel Supply for European Summer Amid Travel Demand Concerns

IATA Predicts Adequate Fuel Supply for European Summer Amid Travel Demand Concerns

The International Air Transport Association (IATA) has expressed concerns about travel demand trends following the summer season, despite anticipating a strong summer for air travel in Europe. At its annual general meeting in Rio de Janeiro, IATA's Regional Vice President Rafael Schvartzman noted that while demand for travel to destinations like Spain and Portugal is robust, the outlook beyond summer remains uncertain due to economic factors and increased travel costs. Schvartzman assured that there is no expected jet fuel shortage in Europe for the summer, although operational challenges persist due to the flawed introduction of the European entry and exit system, causing significant delays for non-European travelers.