Airlines absorb fuel shock as Cebu Pacific and Wizz Air swing to losses, while Cathay remains profitable
Cebu Pacific and Wizz Air reported losses after fuel expenses surged, with Cebu Pacific’s costs more than doubling and Wizz Air’s rising 39%. Copa Holdings’ second-quarter profit fell by more than half, while Cathay Group’s first-half profit rose to HK$6.2 billion despite higher fuel prices and a six-month A350 freighter delivery delay.