Bloomberg
• Will Kubzansky
Jet fuel prices in New York and Los Angeles are climbing back toward $5 a gallon as Ukrainian attacks on Russian refineries and reduced Middle East shipments of refined products tighten supply. The price increases add pressure to airline operating costs, though the reports provide no carrier-specific impact.
Airline Industry & Market Trends
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Jet fuel prices in New York and Los Angeles are climbing back toward $5 a gallon as Ukrainian attacks on Russian refineries and reduced Middle East shipments of refined products tighten supply. The price increases add pressure to airline operating costs, though the reports provide no carrier-specific impact.
Regional carriers are extending leases, overhauling engines and keeping older aircraft in service as supply-chain constraints delay fleet renewal, delegates at the ERAA General Assembly said. Embraer sees potential demand for its regional jets on underserved and unserved routes in Eastern Europe.
At the 10th Aviation Africa Summit in Nairobi on Sept. 9-10, 2026, airline chiefs described a sector with growth potential but left facing a deadline-related challenge. Carriers broadly agreed on the diagnosis: government actions continue to hold back African airlines, though the available account does not specify the deadline or the measures at issue.
Ryanair expects European jet fuel supplies to remain adequate through summer 2027, but says prices could stay elevated for up to 18 months. Separately, it has threatened to shift a €50 million Shannon investment to Poland and will oppose an industry challenge to its compliance with EU ownership and control rules.
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Delta lowered its 2026 profit forecast by nearly a quarter as higher fuel prices drove a sharp increase in costs, including a $500 million third-quarter fuel bill above its earlier estimate. The carrier said travel demand remains strong and still expects to be profitable this year, while warning the industry may need to restrain capacity growth.
Russia’s Azur Air has canceled its planned winter charter flights to Nha Trang, Vietnam. The available report does not specify the number of flights affected, the reason for the cancellations or whether other operators will add capacity.
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