Garuda Indonesia Group's full-year loss before income tax widened from $81 million the year prior to $354 million in 2025 as maintenance costs surged and revenue eased. Accounts filed with the Indonesia Stock Exchange show that the carrier's revenue for the year fell 5.85% to $3.2 billion, largely driven by an 8.3% fall in scheduled passenger revenue, while charter services were broadly steady. Operating expenses, meanwhile, rose 20% to $468 million, as a 23% increase in maintenance costs to $661 million offset lower flight operating and network expenses. It cited increases in heavy checks, utilisation patterns and cost inflation for the increase in maintenance costs. Garuda has previously signaled that it is working to rapidly reactivate stored aircraft as it continues to rebuild its post-pandemic operations. Fleets data shows that at 31 December, the Garuda Indonesia group (including low-cost subsidiary Citilink) has 102 aircraft in service and 38 in storage. Overall, the group reported a net loss of $319 million, compared to $69.8 million in the year prior. At the end of the year, Garuda had $943 million in cash and cash equivalents, up from $219 million at the start of 2025, boosted by a $1 billion cash injection from sovereign wealth fund Danantara Indonesia during the last quarter.

Ryanair plans to build a new hangar and additional component repair shops at its maintenance site in Prestwick, Scotland. The new hangar will add four aircraft bays to the six Ryanair already has at Glasgow Prestwick airport, says the airline, noting that the heavy maintenance facility will thus become its largest. Ryanair estimates that the expansion project will create 450 jobs, and says it represents a £40 million ($54 million) investment. Regional and national authorities are providing financial support. From a £32 million UK government support package for aerospace around Prestwick, £4.9 million has been allocated to the new hangar. Regional investment authority Scottish Enterprise, meanwhile, has approved £11.6 million in funding for the project and will additionally deliver £1.52 million for infrastructure in collaboration with Scotland's regional government. Ryanair chief Eddie Wilson states that the authorities' "focused approach in backing this project has been crucial in enabling us to grow Prestwick into a major heavy maintenance and training hub that will deliver skilled careers and economic benefits for many years to come". He highlights the airline's plan to grow its fleet to 800 aircraft by 2034. In 2024, Ryanair opened a technical training facility in Prestwick. This represented a £5 million investment, it notes.

European carriers could have no choice but to slash capacity later in the year if the conflict in the Middle East continues, several chief executives have warned. Jet-fuel prices have shot higher since military action was launched against Iran last month by the USA and Israel, causing widespread disruption to energy markets and closure of the Strait of Hormuz. Airlines believe this will ultimately lead to higher prices, depressing demand. At the A4E Aviation Summit taking place in Brussels, IAG chief executive Luis Gallego said that should the conflict endure "we could reach a time where we have to adjust capacity" lower. He notes that, in the short term, IAG's competitive position across the North Atlantic, the main revenue driver for the European airline group, has improved because US carriers unhedged for fuel have already had to increase their prices. European airlines, in contrast, are hedged for the bulk of their requirements over the coming year. Carsten Spohr, chief executive of Lufthansa Group, says that while demand is currently healthy, the situation is more uncertain into the summer. Higher fuel prices "will have an impact on demand" as ticket prices rise, he notes, adding: "We all need to see how that will work out." With margins on its flights averaging around $10 per passenger, Lufthansa has no choice but to pass higher fuel prices on to customers, Spohr warns. Like other airlines, the German group has seen a short-term boom in demand, mainly to Asia, as Middle Eastern rivals have withdrawn from the market. An extra 40 flights to the region "filled within days", notes Spohr. Meanwhile, Ryanair group chief executive Michael O'Leary responded to an audience question about capacity cuts by observing that it "very much depends" on how long the conflict lasts. He too says higher costs will inevitably be passed on to consumers. Ryanair is around 80% hedged for the coming year, but faces higher bills on its unhedged proportion and, as other chiefs noted, the cost of securing hedges further out has risen sharply. Like his long-haul peers, O'Leary highlights that disruption has resulted in a short-term rise in bookings, as travellers who would have visited the Middle East stay closer to home. "Yeah, there's a surge in bookings," he says. But he adds: "I don't expect that to last long." His assumption is that military action will end in the next few weeks. If it takes any longer than that, the situation becomes more uncertain, he warns. "There is an inevitability, if the Strait of Hormuz remains closed, the oil price will rise," says O'Leary, cautioning that any other foresight would be "pure speculation".