The Guardian | UK eases airline penalties as jet fuel shortages threaten flights by Gwyn Topham Transport correspondent
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UK airlines have secured a government‑backed exemption that allows them to keep valuable airport slots if they cancel flights due to jet‑fuel shortages, easing the “use it or lose it” rule enforced by Airport Coordination Limited. The move, prompted by industry lobbying amid rising fuel prices and supply concerns, aims to let carriers focus on minimizing disruption rather than flying simply to protect slots. While the Department for Transport says there is currently no fuel shortage and no need for passengers to alter travel plans, it advises travellers to check with airlines, maintain insurance, and reminds them of their rights to refunds or alternative flights if services are cancelled. Airlines also seek to have fuel shortages recognised as an “exceptional circumstance” that would waive additional compensation for short‑notice cancellations, while operators such as Jet2 have pledged not to add fuel surcharges to summer bookings.
#Lufthansa #Jet2 #UKairlines #airtransport #airlineindustry
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American Airlines slashes 2026 EPS guidance to -$0.40-$1.10 from $1.70-$2.70 as fuel costs surge $4 billion following Iran-Israel tensions, though Q1 revenue hits record $13.91 billion, beating estimates with narrower-than-expected loss per share of 40 cents.
The Guardian | American Airlines says soaring price of jet fuel will cost it $4bn this year by Gwyn Topham Transport correspondent
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The price of jet fuel has more than doubled since the US‑Israel war on Iran began at the end of February, forcing American Airlines— the world’s largest carrier by passengers—to absorb an additional $4 billion in fuel costs this year and wiping out its previously forecast $1.8 billion profit; the airline plans to offset the surge by raising fares while noting that European carriers have largely hedged against such spikes. Globally, airlines are grappling with higher fuel prices, with some, like Virgin Atlantic, already adding fuel surcharges, and concerns are growing over supply security after the closure of the Strait of Hormuz and blockades that threaten longer‑term fuel flow. The International Energy Agency warned that Europe could face a summer of disrupted flights if new supplies from the US and Nigeria are not secured, as jet‑fuel demand in August is projected to be 40 % higher than in March.
Read more: https://www.theguardian.com/business/2026/apr/23/american-airlines--jet-fuel-cost-4bn-this-year
#AmericanAirlines #FatihBirol #airlineindustry #us-israelwaroniran
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