Airlines warn of tough winter as fuel costs surge and capacity cuts hit
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Several airlines are sounding the alarm as a bleak winter looms, with Lufthansa releasing reduced‑capacity winter schedules and Delta Airlines slashing its annual profit forecast by US$ 6 billion due to soaring fuel costs since the Iran war began.
US airlines have spent US$ 42.9 billion on fuel up to the end of August, about 25 percent more year on year, while Delta’s fuel expenses rose 62 percent; IAG CEO Luis Gallego warned that medium‑sized and small carriers may struggle or disappear, and Spirit Airlines ceased operations in May with airBaltic entering bankruptcy, citing the Iran war as the primary cause.