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U.S. passenger airlines' fuel costs jumped 78% in April to nearly $6.5 billion over the same month last year as the conflict in the Middle East has sharply driven up fuel costs, the U.S. Transportation Department said Monday.
Copa Airlines has no plans to hedge fuel despite the recent price shock linked to the war in Iran, CEO Pedro Heilbron told Reuters, betting its strong balance sheet and pricing adjustments will help absorb the impact.
PANAMA CITY, May 13, 2026 (GLOBE NEWSWIRE) -- Copa Holdings1, S.A. (NYSE: CPA), today announced financial results for the first quarter of 2026 (1Q26), reflecting continued industry-leading profitability, disciplined execution, and the resilience of its business model amid a higher jet fuel price environment. Key highlights include:
After Spirit Airlines vanished from the skies, its not-quite-sudden collapse raised questions about why the successful low-cost model, born in the U.S. airline industry, is failing.
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