Volotea trims fleet by up to 14 aircraft and cuts jobs as it battles high fuel costs

Volotea, a Barcelona-based carrier, is undertaking significant restructuring measures due to substantial challenges stemming from elevated fuel prices and geopolitical instability. The airline intends to reduce its fleet size by approximately one-third, potentially impacting around 14 aircraft. Simultaneously, Volotea is actively pursuing debt restructuring efforts alongside the completion of another capital increase. This strategic move aims to guarantee the company’s long-term operational viability. These actions reflect a proactive response to current economic headwinds and an effort to secure financial stability for the Spanish budget carrier.