Flair Airlines CEO Len Corrado is feeling the heat of high jet fuel prices, as he steers the budget carrier away from a recent strategy targeting business travellers and the United States.
Corrado, who stepped into the top spot in February, says aviation fuel typically makes up nearly a third of Flair’s costs—and the price of that fuel has shot up by more than 110 percent from a year earlier.
The former Sunwing president says the situation is “hard to navigate,” with an increase in fares failing to make up for the soaring expense.
Corrado says the Edmonton-based discount airline has expanded its presence domestically and in the Caribbean while cutting its Canada-U.S. flight numbers by more than 50 percent since last year as Canadians continue to spurn U.S. travel….