ARC NEWS
Icelandair Cuts Winter Capacity and Maintains Full-Year Loss Forecast
October 26, 2026
Icelandair will reduce capacity by 4% in the fourth quarter of 2026 and 8% in the first quarter of 2027, retire Boeing 757s and 767s sooner, and drop unprofitable flights. The airline cites high fuel prices, currency pressures and weaker advance booking patterns, and maintains its forecast for a 2026 EBIT loss of $20–30 million. This follows a record third quarter, with revenue up 12% to $655 million and EBIT at $120.3 million.


JetBlue Sees Strong Demand Continuing Despite Wider Third-Quarter Loss
October 26, 2026
JetBlue’s third-quarter operating loss widened 45% year on year to $144 million, while its net loss grew 80% to $257 million. Higher fuel costs drove expenses up, but revenue rose 21.1% to $2.81 billion, and the airline recovered about 87% of the increased fuel costs. JetBlue expects strong demand and yields to continue in the fourth quarter, supported by rapid growth in Fort Lauderdale, where it is scheduled to operate 64% more flights than a year earlier.


United Nigeria Airlines plans N20bn fundraising
October 22, 2026
United Nigeria Airlines plans to raise N20 billion (about US$12.8 million) by issuing short-term debt to investors, marking what it says will be the first commercial paper issue by a Nigerian domestic airline. The funds will be raised in two tranches, due for repayment after 270 and 364 days.

The airline says it operates 10 aircraft and plans to add six more by year-end. The fundraising could support its operations and expansion, but it also adds a debt repayment obligation. No immediate changes to passenger fares or services have been announced.


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