Volotea finalizes a complete restructuring after suffering a 150-million impact from Iran
The airline, which is fighting for its continuity, is renegotiating its debt with creditors, finalizing a capital increase, will reduce its capacity by more than 20%, and will lay off 50 people in Barcelona.
Volotea is undergoing a complete restructuring due to the impact of the Iran war, which has significantly increased fuel costs. The airline, led by Carlos Muñoz, will reduce its capacity by over 20%, cut 50 jobs in Barcelona, and is renegotiating its debt with creditors. The company is also planning a capital increase to ensure its continuity, with existing shareholders and directors, including Aegean and PAR Capital, expected to participate.
Volotea's fuel costs rose by around €150 million in 2025, and it reported a loss of €64.3 million despite revenue of €817.9 million.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
