Ryanair says its annual fuel costs could rise by €2 billion, forcing double-digit fare increases. Meanwhile, Air France-KLM shares rallied after a sudden fall in oil prices.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Europe’s Airlines Are Heading for a Much Bigger Fuel Bill
Read the original on Yahoo Finance ↗
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Related tickers and likely impact
VJC
▼ Likely negativeVietjet Air
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Travel & Leisure |
| Industry | Airlines |
| Market cap | 101,751 bn VND |
| P/E | 46.2 |
| P/B | 3.84 |
| Close on 11/02/2026 | 132.30 |
| Change that session | +0.53% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- Aviation businesses sharply cut workforce
By the end of Q3, Vietnam Airports Corporation (ACV) had 7,113 employees, down 3,698 (34%) from the start of the year, with Q3 net revenue of 6,066 billion VND (down 6%) and after-tax profit of 2,083 billion VND (down 35%). Vietnam Airlines had 22,580 staff as of 30 September, down 1,106 (about 4.6%) from 31 December 2025, while its Q3 revenue reached 39,168 billion VND (up 29%) with consolidated after-tax profit of nearly 320 billion VND. The airline said fuel price swings caused by geopolitical tensions in the Middle East had an adverse effect in Q2 and Q3, and parent-company fuel costs rose nearly 4,360 billion VND (61%). In contrast, Saigon Ground Services (SGN) posted Q3 net revenue of 433 billion VND (up 23%) and net profit of 78 billion VND (up 105%), with 1,592 employees, up 129 from the same period in 2025.
- Airline industry braces for years of turbulence
Airline executives told the Financial Times that fuel prices surging after the Iran war could become the new normal, forcing carriers to keep raising fares and possibly scale back growth plans or cut fleets. TAP Air Portugal's CEO Luís Rodrigues expects three to five difficult years because pricing power is limited. So far demand holds up: OAG estimates 2.3 billion bookings in the first half, up 1% year on year, even as fares rose. Executives worry that fuel-driven inflation will erode household purchasing power, and many carriers plan further fare hikes as fuel hedges expire. Abra's CEO Adrian Neuhauser said the industry could end up smaller than it otherwise would, while SunExpress's Marcus Schnabel said AI is 'not free' and must compete with aircraft purchases for capital.
- Vietnam needs 1,000 aircraft over the next 20 years
Airbus forecasts that Vietnam's air passenger traffic could grow an average of 7.7% a year over the next 20 years, twice the global average, requiring about 1,000 additional aircraft beyond the existing fleet. Vietnamese airlines currently operate about 230 Airbus aircraft and have more than 220 more on order, with Airbus holding roughly 90% of the narrow-body market. As of September 2026, Vietnam had 258 aircraft registered to 13 operators, 231 of them in commercial service. In 2026, Vietravel Airlines ordered 50 narrow-body aircraft and Vietjet ordered 40 A330-900s. Airbus also says it will support Vietnam's aerospace workforce development and the VNREDSat-2 satellite program.
- Vietjet revenue up 41% on network expansion
Vietjet's consolidated revenue for the first nine months reached 74,385 billion VND, up 41% year on year and 86% of its full-year plan, with profit after tax of 1,721 billion VND. The growth came from network expansion, with the airline carrying more than 20.7 million passengers on 111,700 flights and operating 223 routes, 176 of them international. At the parent-company level, nine-month revenue was 67,857 billion VND, up 30%, with after-tax profit of 1,467 billion VND. Vietjet also took delivery of its 11th Boeing 737-8 in Seattle and partnered with Starlink, Rolls-Royce and CFM on satellite internet, engine maintenance and technical capability. As of September 30, consolidated total assets stood at 152,800 billion VND, net debt to equity was 2.4 times, and the airline contributed more than 5,944 billion VND to the state budget.
- Billionaire Nguyen Thi Phuong Thao's airline 'in high demand'
The VN-Index rose 46.70 points (+2.76%) to 1,738.67, breaking above the 1,700 psychological level on improved liquidity. Foreign investors returned to net buying of about VND160 billion, ending a streak of 21 straight net-selling sessions. Securities firms' proprietary trading were net sellers of VND139 billion on HOSE, led by VCB (VND102 billion), KBC (VND100 billion), HPG (VND74 billion), TCB (VND68 billion) and FPT (VND59 billion). In contrast, VJC drew the largest net buying from proprietary desks at VND286 billion, followed by VPB (VND148 billion), PVT (VND23 billion) and KDH (VND17 billion).
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