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23.04.26 - 18:31
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Pence-aligned group blasts Trump′s reported Spirit Airlines rescue deal (The Hill)
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The advocacy group founded by former Vice President Mike Pence is pushing back on the Trump administration's reported plan to rescue Spirit Airlines, becoming the latest conservative voice to oppose the idea. In a new memo first obtained by The Hill on Thursday, Advancing American Freedom (AAF) argues that a move to bailout Spirit directly......
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23.04.26 - 18:12
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American Airlines says soaring price of jet fuel will cost it $4bn this year (The Guardian)
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Fuel crisis from Middle East conflict could push airline into losses as it looks to offset costs with higher fares Business live – latest updatesThe soaring price of jet fuel will cost American Airlines another $4bn this year, the carrier has said, wiping out forecast profits.The airline, the world's largest by passengers flown, said that the fuel crisis from the US-Israel war on Iran could push it into losses during 2026, having forecast profits approaching $1.8bn before bombing started. Continue reading......
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23.04.26 - 16:30
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Cruz on possible Spirit Airlines bailout: ′Terrible idea′ (The Hill)
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Sen. Ted Cruz (R-Texas) on Wednesday ripped the Trump administration's potential bailout of Spirit Airlines. “This is an absolutely TERRIBLE idea,” Cruz wrote on the social platform X of the deal. Bloomberg reported that under the deal, the administration could own as much as 90 percent of the airline, which has filed for bankruptcy twice......
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23.04.26 - 16:06
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American Airlines Lowers Outlook on Rising Fuel Costs (Bloomberg)
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American Airlines announced it expects $4 billion in additional expenses due to rising jet fuel prices but plans to raise fares to offset these costs, maintaining some of the price increases even if fuel prices return to prewar levels. Siddharth Philip has more on "Bloomberg Open Interest." (Source: Bloomberg)...
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23.04.26 - 15:45
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American Airline Cuts Outlook After Jet Fuel Shock Bill (ZeroHedge)
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American Airline Cuts Outlook After Jet Fuel Shock Bill
American Airlines slashed its full-year outlook on Thursday morning, warning it could post a loss in 2026 as the Iran-U.S. war, which sent jet fuel prices soaring, adds roughly $4 billion in fuel costs.
The airline now expects full-year results ranging from a 40-cent loss to a $1.10 profit, down from its earlier forecast of $1.10 to $2.70 in earnings per share.
"Based on the forward fuel curve and the current revenue outlook, the midpoint of the full-year guidance is expected to be approximately flat to 2025, despite a greater than $4 billion increase in expense related to higher prices for jet fuel," American stated in an earnings release.
However, American beat Bloomberg Consensus first-quarter estimates, posting a smaller-than-expected adjusted loss and stronger-than-forecast revenue.
Management said the airline is trying to shield the company as elevated jet fuel costs erode profits, while hoping that premium and international demand...
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