Portugal’s TAP Hit by Higher Fuel Prices as Airline Nears Sale
TAP posted a €99 million first-half loss driven by a 19% surge in jet-fuel costs, ahead of a government decision on selling a minority stake to either Lufthansa or Air France-KLM.
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TAP posted a €99 million first-half loss driven by a 19% surge in jet-fuel costs, ahead of a government decision on selling a minority stake to either Lufthansa or Air France-KLM.
Brussels Airlines reported a €70 million adjusted loss in H1 2026, driven by €64 million in higher fuel costs linked to oil price volatility and Ebola-related disruptions. Parent Lufthansa also warned
Lufthansa warned its operating profit could fall this year after Q2 earnings halved due to surging fuel costs linked to the U.S.-Iran war. Shares dropped over 10% as investors reacted to the uncertain
Lufthansa warned of profit risk due to volatile jet fuel prices, lowering its full-year earnings forecast. The carrier is cutting capacity and accelerating fleet modernization while pursuing expansion
Lufthansa plans to ground up to 40 aircraft due to a jet fuel shortage, according to a report by Spiegel.
Lufthansa will cancel 20,000 short-haul flights to save 40,000 tons of jet fuel as prices double following the Iran war, contributing to a global industry capacity reduction.
Lufthansa CEO warns jet fuel shortages linked to the Iran conflict may persist, potentially forcing fleet cuts of 20-40 aircraft. Record Asian revenues currently offset rising kerosene costs, though s