What Happened
Latin American Carrier Parent Looks To Offset Losses
Abra Group, the parent company of Avianca and Gol, has reported a challenging quarter with widened losses due to an 80% increase in fuel costs. In response, the company is looking to recapture these costs through increased fares. The move is aimed at offsetting the significant rise in fuel expenses, which has impacted the operations of its subsidiary airlines. According to FlightGlobal, the company’s decision to raise fares may have broader implications for the industry. The news was reported by Kerry Reals, European Airlines Editor at FlightGlobal.