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Bloomberg

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American and United warn sustained fuel costs could force further capacity cuts

American Airlines and United Airlines are preparing to reduce flying further if elevated jet fuel prices persist, with American warning it may trim its winter schedule and both carriers weighing fourth-quarter capacity changes. The potential cuts reflect a renewed cost shock that could pressure airline profitability and network plans.

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FlightGlobal

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US court approves airBaltic’s $162 million Chapter 11 financing

The U.S. Bankruptcy Court for the Southern District of New York has granted airBaltic first-day relief and approved access to $162 million in financing. The funding, provided by a pool of investors, is intended to keep the Latvian airline operating normally while it restructures under court supervision.

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