Abra Group looks to recapture fuel costs through increased fares after ‘challenging’ quarter

Avianca and Gol parent Abra Group reported significant losses for the April-June period, with its fuel bill increasing by 80%. The company is prioritizing liquidity preservation while implementing a strategy focused on raising fares. This approach reflects a “challenging” operational environment that contributed to the widening losses experienced in the second quarter. Abra Group oversees Avianca, Gol, and Wamos Air as it attempts to manage rising expenses. Executives are actively working to offset increased fuel costs through adjusted pricing strategies within the current market conditions.