Ultra-Low-Cost Carrier Streamlines Operations Amid Balance Sheet Transformation
Avelo Airlines has announced plans to scale back its fleet and close several US bases as part of a balance sheet transformation. The airline will remove six Boeing 737-700 aircraft from its fleet and streamline its network around four current bases, including New Haven Tweed, Wilmington New Castle, Concord Regional Airport, and Lakeland Linder. Avelo will also open a base at McKinney National Airport in late 2026. According to AeroTime, the airline’s recent recapitalization has strengthened its cash position, enabling it to focus on sustainably scaling five core bases in 2026.