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Airlines Face Soaring Fuel Costs, American Cuts Earnings Forecast

Major airlines, including American Airlines and Southwest, are grappling with a significant surge in fuel costs, leading American Airlines to cut its earnings forecast for the year. Despite these financial pressures, some carriers like Qatar Airways and Aegean are resuming flights to the Middle East.

23 Apr, 01:27 — 23 Apr, 14:09
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The Story

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Source Diversity

Source Diversity

Excellent (92/100)
25 sources33/33
Spectrum spread4/5 buckets covered25/33
Far L
Left7
Left (7)
France 24iefimeridaYahoocnbcBBCAl Jazeerapublico
Center10
Center (10)
advisor-perspectivescyprus-mailReutersdoha-newsmarketwatchbloombergjutarnji-listdaily-mirror-lk+2 more
Right7
Right (7)
naftemporikiseeking-alphanational-postla-vanguardiamorgunbladidprotothema-enstraits-times
Far R1
Far Right (1)
zerohedge
Geographic diversity16 regions34/34
US7Greece3Qatar2Cyprus1France1Intl1UK1Canada1Spain1Croatia1Iceland1Sri Lanka1Thailand1Portugal1Japan1Singapore1

Sources

Showing 18 of 25 sources
ReutersVery High1h ago

Who is paying the price of high fuel costs and tariffs? - Reuters

Who is paying the price of high fuel costs and tariffs?  Reuters

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BBCHigh3h ago

Petrol thefts surge as Iran war pushes up fuel costs

Petrol thefts are up by around 62% compared to last year.

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bloombergHigh5h ago

Europe’s Top Oil Refinery Ramps Up Jet Fuel Amid Supply Crunch - Bloomberg.com

Europe’s Top Oil Refinery Ramps Up Jet Fuel Amid Supply Crunch  Bloomberg.com

Read full article →
Al JazeeraMostly Factual4h ago

Lufthansa cuts 20,000 flights as Iran war causes jet fuel shortage

The German airline says 20,000 short-haul flights would be removed from its ⁠schedule between now and October.

Read full article →
cnbcMostly Factual3h ago

American Airlines CEO says merger with United would be 'bad for customers'

United CEO Scott Kirby floated the idea of a merger with American to a Trump administration official earlier this year, according to sources.

Read full article →
France 24High1h ago

Europe cancels thousands of flights amid Middle East fuel shock

Soaring fuel costs as a result of the conflict in the Middle East are sending the aviation industry into a tailspin, with European airlines being forced to cancel thousands of flights and hike ticket prices. From grounded fleets in Germany to rising fares in France, we look at how the energy crisis is threatening to derail summer travel plans across the continent

By FRANCE24

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marketwatchMostly Factual3h ago

American Airlines reports record revenue as strong travel demand offsets higher fuel costs

It’s a precarious time for the airline sector, as a surge in fuel costs due to the Iran conflict is forcing carriers to cut capacity.

By Tomi Kilgore

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YahooMostly Factual2h ago

American Airlines cuts 2026 earnings forecast on fuel costs

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national-postMostly Factual3h ago

Air Transat latest Canadian airline to suspend flights due to high price of fuel

The airline is reducing the number of flights on some routes to Europe and the Caribbean and extending the suspension of service to Cuba until October

By Stewart Lewis

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straits-timesMostly Factual13h ago

Japan’s ANA to introduce fuel surcharge to domestic flights amid rising costs - The Straits Times

Japan’s ANA to introduce fuel surcharge to domestic flights amid rising costs  The Straits Times

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cyprus-mail55m ago

Cyprus Airways restores key Israel link after safety review

Local airline Cyprus Airways on Thursday announced the resumption of daily flights between Larnaca and Tel Aviv, restoring a key air link between Cyprus and Israel. The airline confirmed that the route will operate on a daily basis, offering passengers “frequent and convenient travel options” between the two destinations. The move marks the return of […]

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seeking-alphaMixed1h ago

American Airlines generates record revenue, sees price hikes offsetting fuel costs in FY26

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Bangkok PostMostly Factual8h ago

Refinery margin cuts increased to B5 per litre

A government panel has increased the reduction in the refining margin to 5 baht per litre, from 2 baht earlier, in a move aimed at easing fuel costs.

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advisor-perspectivesMostly Factual50m ago

American Airlines Lowers Earnings Goal as Fuel Bill Surges

American Airlines Group Inc. lowered its full-year earnings target, saying it may end 2026 with a loss as the carrier absorbs $4 billion in additional fuel costs from the war in Iran.

By Sri Taylor

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zerohedgeLow2h ago

American Airline Cuts Outlook After Jet Fuel Shock Bill

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 ou...

By Tyler Durden

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protothema-enMixed8h ago

AEGEAN: Rising fuel costs linked to the Middle East remain the primary concern – Bookings and demand stay resilient

Everything that Evtichis Vassilakis and Dimitris Gerogiannis said at yesterday's general meeting of the group The post AEGEAN: Rising fuel costs linked to the Middle East remain the primary concern – Bookings and demand stay resilient appeared first on ProtoThema English.

By admin

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daily-mirror-lkMixed8h ago

Air India mulls broad flight cuts amid high fuel costs - Daily Mirror - Sri Lanka

Air India mulls broad flight cuts amid high fuel costs  Daily Mirror - Sri Lanka

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doha-newsMixed3h ago

Qatar Airways announces flight resumption to UAE, Syria

Daily flights to the UAE resume on April 23, with Damascus following on May 1. Qatar Airways is resuming daily flight services to the United Arab Emirates and Syria as… (The post Qatar Airways announces flight resumption to UAE, Syria is from Doha News | Qatar.)

By Asmahan Qarjouli

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Coverage Timeline

First report: straits-times · 23 Apr, 01:27Full coverage: 25 · 13hWindow: 13h
Left-leaningCenterRight-leaning
straits-times23 Apr, 01:27First to report

Japan’s ANA to introduce fuel surcharge to domestic flights amid rising costs - The Straits Times

NHK World23 Apr, 02:07

アメリカン航空・アラスカ航空 戦略提携など検討 再編活発化も

3h later
publico23 Apr, 05:18

Portugal produz cerca de 80% do <em>jet fuel</em> que consome

protothema-en23 Apr, 06:08

AEGEAN: Rising fuel costs linked to the Middle East remain the primary concern – Bookings and demand stay resilient

Bangkok Post23 Apr, 06:10

Refinery margin cuts increased to B5 per litre

daily-mirror-lk23 Apr, 06:41

Air India mulls broad flight cuts amid high fuel costs - Daily Mirror - Sri Lanka

morgunbladid23 Apr, 07:15

Minnka flugframboðið um 2% vegna ástandsins

jutarnji-list23 Apr, 07:16

Upozorenje Europljanima: Neki od vas ostaju bez godišnjeg odmora. Ovaj put je sve drugačije...

la-vanguardia23 Apr, 08:11

La compra de eléctricos se dispara un 50% en la UE en plena subida del combustible

bloomberg23 Apr, 09:09

Europe’s Top Oil Refinery Ramps Up Jet Fuel Amid Supply Crunch - Bloomberg.com

1h later
Al Jazeera23 Apr, 10:29

Lufthansa cuts 20,000 flights as Iran war causes jet fuel shortage

national-post23 Apr, 11:00

Air Transat latest Canadian airline to suspend flights due to high price of fuel

BBC23 Apr, 11:25

Petrol thefts surge as Iran war pushes up fuel costs

marketwatch23 Apr, 11:30

American Airlines reports record revenue as strong travel demand offsets higher fuel costs

cnbc23 Apr, 11:36

American Airlines CEO says merger with United would be 'bad for customers'

doha-news23 Apr, 11:45

Qatar Airways announces flight resumption to UAE, Syria

zerohedge23 Apr, 12:20

American Airline Cuts Outlook After Jet Fuel Shock Bill

Yahoo23 Apr, 12:27

American Airlines cuts 2026 earnings forecast on fuel costs

1h later
Reuters23 Apr, 13:35

Who is paying the price of high fuel costs and tariffs? - Reuters

seeking-alpha23 Apr, 13:41

American Airlines generates record revenue, sees price hikes offsetting fuel costs in FY26

iefimerida23 Apr, 13:53

AEGEAN: Επανέναρξη πτήσεων για Μέση Ανατολή

naftemporiki23 Apr, 13:57

Aegean: Ποιες πτήσεις επανεκκινούν στη Μέση Ανατολή

France 2423 Apr, 13:59

Europe cancels thousands of flights amid Middle East fuel shock

cyprus-mail23 Apr, 14:04

Cyprus Airways restores key Israel link after safety review

advisor-perspectives23 Apr, 14:09Latest update

American Airlines Lowers Earnings Goal as Fuel Bill Surges