Urgent.News

What's breaking now, across thousands of outlets.

Business

Volotea ultima una reestructuración completa tras sufrir un impacto de 150 millones por Irán

La aerolínea, que lucha por su continuidad, renegocia la deuda con los acreedores, ultima una ampliación de capital, reducirá más de un 20% su capacidad y despedirá a 50 personas en Barcelona. Leer

Volotea is set to undergo a complete restructuring as it grapples with a 150 million euro impact from the Iran conflict, which has significantly increased fuel costs. The struggling airline is renegotiating debt with creditors, seeking a capital injection to reduce its capacity by more than 20%, and planning to cut 50 jobs in Barcelona.

The company, led by Carlos Muñoz, has been left unprotected by the surge in oil prices, which were not fully covered by its existing insurance. In 2025, Volotea reported a revenue of 817.9 million euros (+1%) and a loss of 64.3 million euros (147%), with an operating result of 47.3 million euros (+41%). Due to the fuel cost increase, the airline plans to reduce its fleet from 44 to between 30 and 35 planes and lay off around 50 employees.

In parallel, the company is negotiating a long-term debt restructuring, including a capital increase, to ensure its viability. The restructuring process, expected to conclude in December, aims to cut costs and extend loan terms, though the specifics have not been disclosed. The airline had previously announced a 49.3 million euro deferral of interest and capital payments through 2028.

A capital increase is expected to be led by founding partners and directors, who hold about 15% of the company. Aegean Airlines may also join the restructuring, but its final percentage stake is uncertain. Additionally, Volotea is seeking 25 million euros from banks to improve liquidity.

Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at expansion.com →

More in Business

More from Wednesday 23 September →