{"id":589673,"date":"2026-04-17T11:47:19","date_gmt":"2026-04-17T11:47:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/589673\/"},"modified":"2026-04-17T11:47:19","modified_gmt":"2026-04-17T11:47:19","slug":"airlines-cancel-flights-ground-planes-as-jet-fuel-shock-hits-europe-politico","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/589673\/","title":{"rendered":"Airlines cancel flights, ground planes as jet fuel shock hits Europe \u2013 POLITICO"},"content":{"rendered":"<p>The German group also cited rising costs linked to recent strikes, which on Wednesday <a href=\"https:\/\/www.welt.de\/wirtschaft\/plus69de1ee159ccbeb442d69282\/airline-streik-streit-stillstand-bei-der-lufthansa-eskaliert-zum-jubilaeum-der-arbeitskampf.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">overshadowed<\/a>\u00a0the airline\u2019s 100th anniversary celebrations.<\/p>\n<p>Legacy airline groups aren&#8217;t the only ones struggling with the impact of high fuel prices on their balance sheets.<\/p>\n<p>Budget airline easyJet\u00a0<a href=\"https:\/\/corporate.easyjet.com\/investors\/regulatory-news\/news-details\/default.aspx?slug=trading-update-for-the-six-months-ended-31-march-2026\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">said<\/a> Thursday that its fuel costs had risen by almost \u20ac29 million in March alone, and that its before-tax losses were expected to increase to between \u20ac620 million and \u20ac640 million in the six months to March, up from \u20ac450 million a year earlier.<\/p>\n<p>Latvian carrier airBaltic is also in a critical situation and is dependent on financial support.<\/p>\n<p>Prime Minister Evika Sili\u0146a\u00a0<a href=\"https:\/\/x.com\/EvikaSilina\/status\/2044364444151558290?s=20\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">had said<\/a>\u00a0Wednesday she was ready to face \u201cthe collapse of the coalition\u201d in light of the reluctance of her ruling partners to approve a \u20ac30 million loan the airline requested at the end of March.\u00a0<\/p>\n<p>Although airBaltic\u2019s difficulties\u00a0<a href=\"https:\/\/www.mk.gov.lv\/lv\/media\/26180\/download?attachment\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">predate<\/a>\u00a0the Middle East war, ratings agency Fitch <a href=\"https:\/\/www.fitchratings.com\/research\/corporate-finance\/fitch-downgrades-air-baltic-corporation-to-ccc-10-04-2026\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">warned<\/a> that rising fuel prices were putting further pressure on the carrier\u2019s liquidity, noting it had \u201chedged only around 10 percent of its 2026 fuel consumption.\u201d<\/p>\n<p>The Latvian government on Thursday\u00a0<a href=\"https:\/\/bnn-news.com\/30-million-euros-for-airbaltic-committee-says-yes-but-tensions-remain-279342\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">secured<\/a>\u00a0the loan for the carrier.<\/p>\n","protected":false},"excerpt":{"rendered":"The German group also cited rising costs linked to recent strikes, which on Wednesday overshadowed\u00a0the airline\u2019s 100th anniversary&hellip;\n","protected":false},"author":2,"featured_media":589674,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[4324,150,28,7522,10954,220274,594,35196,6797,74615,32670,112,129,3310,3733,7272,1139,227793],"class_list":{"0":"post-589673","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-airlines","9":"tag-budget","10":"tag-business","11":"tag-crisis","12":"tag-energy-crisis","13":"tag-fatih-birol","14":"tag-france","15":"tag-fuels","16":"tag-germany","17":"tag-latvia","18":"tag-liquidity","19":"tag-markets","20":"tag-middle-east","21":"tag-oil","22":"tag-tax","23":"tag-the-netherlands","24":"tag-war","25":"tag-war-in-iran"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/589673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=589673"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/589673\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/589674"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=589673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=589673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=589673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}