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Financial Times • Peter Campbell

Ryanair CEO Michael O’Leary seeks contract extension as jet-fuel price shock prompts guidance suspension

Ryanair has reopened talks with CEO Michael O’Leary over an extension of his employment contract as he moves toward four decades in the role. The carrier is also suspending guidance after a surge in jet fuel prices, despite reporting annual profits that rose by a third.

2026-05-18T01:25:05.684306-07:00

ch-aviation

Nigeria’s Pioneer Airlines secures AOC for unscheduled flights, moves toward scheduled passenger operations

2026-05-18T03:53:44.718008-07:00

Bloomberg

Lufthansa taps euro bond market talks as jet-fuel pressure mounts

2026-05-18T03:11:41.415304-07:00

Bloomberg

Ryanair reports record FY26 profit on robust demand, flags weaker peak-summer fares as Strait of Hormuz fuel risks recede

2026-05-17T22:25:25.355775-07:00

News Timeline

ch-aviation

Azores Airlines sale set; Icelandair and Binter among the interested bidders Azores Airlines’ sale is moving toward a defined transaction, with Icelandair and Binter identified as interested parties. The outcome will shape the carrier’s future operating model and route strategy, and it adds to ongoing consolidation pressure in European regional aviation.

2026-05-18T04:39:00.056155-07:00

Azores Airlines sale set; Icelandair and Binter among the interested bidders

ch-aviation

Nigeria’s Pioneer Airlines secures AOC for unscheduled flights, moves toward scheduled passenger operations Pioneer Airlines (Bayelsa), Nigeria, has received its air operator’s certificate (AOC) from the Nigerian Civil Aviation Authority for unscheduled flights, effective May 13. The carrier is now seeking NCA approval to begin scheduled passenger services.

2026-05-18T03:53:44.718008-07:00

Nigeria’s Pioneer Airlines secures AOC for unscheduled flights, moves toward scheduled passenger operations

Bloomberg

Lufthansa taps euro bond market talks as jet-fuel pressure mounts Deutsche Lufthansa AG is in discussions with investors about a potential euro-denominated bond sale, citing intensifying jet-fuel cost stress across the airline sector. The capital-market approach signals a push to protect liquidity as fuel volatility compounds existing cost pressures.

2026-05-18T03:11:41.415304-07:00

Lufthansa taps euro bond market talks as jet-fuel pressure mounts

Financial Times

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Ryanair CEO Michael O’Leary seeks contract extension as jet-fuel price shock prompts guidance suspension Ryanair has reopened talks with CEO Michael O’Leary over an extension of his employment contract as he moves toward four decades in the role. The carrier is also suspending guidance after a surge in jet fuel prices, despite reporting annual profits that rose by a third.

2026-05-18T01:25:05.684306-07:00

Ryanair CEO Michael O’Leary seeks contract extension as jet-fuel price shock prompts guidance suspension

ch-aviation

SalamAir wet-leases two Boeing 737-8s to add short-term capacity Oman’s SalamAir has wet-leased two Boeing 737-8 aircraft, a capacity move that relies on externally provided airframes and crews to support operations. The deployment highlights how the carrier is using wet lease flexibility alongside its broader network planning.

2026-05-17T23:39:22.547349-07:00

SalamAir wet-leases two Boeing 737-8s to add short-term capacity

FlightGlobal

Iran-war shock sours Air Arabia results, but Gulf carriers—led by Emirates and Qatar—plan a summer comeback Air Arabia reported roughly a 20% decline in first-quarter pre-tax and net profit, attributing the drop to the Middle East conflict. Despite damage from geopolitical tensions, Gulf carriers are signaling demand recovery and “comeback” pricing as the industry enters the 2026 summer peak with fuel-market and recovery uncertainty across the region.

2026-05-17T23:25:03.150278-07:00

Iran-war shock sours Air Arabia results, but Gulf carriers—led by Emirates and Qatar—plan a summer comeback

ch-aviation

SriLankan Airlines bribe probe widens to include former president A bribe investigation involving SriLankan Airlines has reportedly reached the former president, extending the scope of legal scrutiny beyond earlier named individuals. The latest step, flagged in ch-aviation coverage, underscores how airline procurement and related dealings can trigger higher-level political and judicial attention.

2026-05-17T22:54:20.530068-07:00

SriLankan Airlines bribe probe widens to include former president

Bloomberg

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Ryanair reports record FY26 profit on robust demand, flags weaker peak-summer fares as Strait of Hormuz fuel risks recede Ryanair said travel demand remains robust as it posted record profit, while warning of weaker ticket prices during peak summer months. The carrier also said fuel-shortage risk is fading as suppliers adapt to the Strait of Hormuz closure, citing hedging that it says insulates it from near-term fuel volatility.

2026-05-17T22:25:25.355775-07:00

Ryanair reports record FY26 profit on robust demand, flags weaker peak-summer fares as Strait of Hormuz fuel risks recede

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Airlines News

Ryanair CEO Michael O’Leary seeks contract extension as jet-fuel price shock prompts guidance suspension

Nigeria’s Pioneer Airlines secures AOC for unscheduled flights, moves toward scheduled passenger operations

Lufthansa taps euro bond market talks as jet-fuel pressure mounts

Ryanair reports record FY26 profit on robust demand, flags weaker peak-summer fares as Strait of Hormuz fuel risks recede

News Timeline