Fuel-cost shock splits airline results as Wizz Air and Cebu Pacific post losses while Cathay profits
Wizz Air reported a €183.3 million operating loss in its fiscal first quarter as fuel costs rose 39%, while Cebu Pacific also swung into the red after fuel expenses more than doubled. Cathay Group increased first-half profit to $795 million despite higher fuel costs, but faces a six-month A350 freighter delivery delay.