Corsair

Corsair is a French airline, led by CEO Pascal de Izaguirre, who also serves as president of the Fédération nationale de l'aviation et de ses métiers (Fnam). The airline is currently facing significant challenges due to soaring kerosene prices, exacerbated by the war in Ukraine and, more recently, conflict in the Middle East. These rising fuel costs are impacting the entire aviation industry, forcing airlines like Corsair to increase ticket prices to compensate. While airlines cannot retroactively increase the price of tickets already purchased, future fares are expected to rise. The situation is further complicated by concerns about declining traffic at French airports, putting them at a disadvantage compared to international competitors. Corsair's situation reflects the broader pressures on the aviation industry due to global events and economic factors.