FlightGlobal
• Graham Rapier
Surf Air Mobility says it has reduced labor and operating costs and further optimized its fleet as it pursues profitability. The company also reported lower direct operating costs and fuel consumption in the first nine months of 2026 across its Hawaiʻi and mainland airline operations, but did not disclose details of the fleet reductions.
Aircraft Demand: Airline Distress & Consolidation
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Surf Air Mobility says it has reduced labor and operating costs and further optimized its fleet as it pursues profitability. The company also reported lower direct operating costs and fuel consumption in the first nine months of 2026 across its Hawaiʻi and mainland airline operations, but did not disclose details of the fleet reductions.
My Freighter expects to take delivery of three Boeing 767Fs and one Airbus A330F by the end of 2026. The Tashkent-based cargo airline says it aims to grow its fleet to 50 aircraft by the end of the decade.
High activity
The low-cost carrier has turned to Argentina’s local restructuring process after nearly two months without commercial operations, rather than seeking Chapter 11 protection in the United States. The filing marks a significant step in addressing the airline’s financial distress, though the articles provide no details on its restructuring plan or timeline for resuming flights.
Argentina’s Flybondi has filed for creditor protection, putting its financial obligations and dealings with creditors at the center of the airline’s near-term outlook. The report provides no details on the filing’s scope, any proposed restructuring or its effect on flights.
High activity
The Latvian carrier has notified Latvia’s State Employment Agency of a planned collective redundancy process affecting employees across its Baltic operations, where it employs about 3,000 people. airBaltic says the cuts will not affect its flight schedule; reports also describe the move as part of a broader effort to scale back.
The Latvian carrier says planned changes under its financial restructuring could affect 500 to 700 positions across its three bases. Discussions with unions are ongoing, and the final number remains unsettled.
Garuda Indonesia plans to issue up to 124.4 billion new Series E shares through a rights issue as part of its 2025–2029 restructuring plan. The transaction represents the airline’s latest effort to strengthen its financial position and support its long-term recovery strategy.
High activity
Alaska Air Group is positioning itself for a broader national and international role, combining Hawaiian Airlines’ widebody fleet with plans to join transatlantic and transpacific joint ventures. The strategy would intensify its Seattle competition with Delta while leaving room for one final major U.S. airline acquisition.
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