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Avelo Airlines has just completed a recapitalization to significantly strengthens its balance sheet and give the carrier one of the strongest cash positions in the US airline industry relative to its size. The improved financial footing is expected to support execution of the airline’s long-term strategy and prepare it for its next phase of growth, which includes streamlining its bases and fleet.
As part of that strategy, Avelo is adjusting its network around four existing bases: Concord-Padgett Regional Airport (USA), Tweed-New Haven Regional Airport (HVN), Lakeland Linder International Airport (LAL), and Wilmington Airport (ILG). The airline also plans to open a new base in McKinney National Airport (TKI) later this year.
Avelo will close bases in Mesa Gateway Airport (AZA), Raleigh-Durham International Airport (RDU), and Wilmington International Airport (ILM). Despite the base closures, the airline will continue serving Raleigh-Durham International Airport (RDU) with flights to/from Tweed-New Haven Regional Airport (HVN) and Frederick Douglass Greater Rochester International Airport (ROC). Wilmington International Airport (ILM) will also remain in Avelo’s network with service to/from Baltimore/Washington International Thurgood Marshall Airport (BWI), Nashville International Airport (BNA), Tweed-New Haven Regional Airport (HVN), and Tampa International Airport (TPA).
These network adjustments will be accompanied with flight schedule changes that affect a number of customers’ itineraries. Avelo is notifying impacted passengers directly through email and text messages.
In additiion to changes at the airports, Avelo is also simplifying its fleet by removing six Boeing 737-700 aircraft to leave the airline primarily operating the more fuel-efficient Boeing 737-800. The move is intended to improve operational efficiency and reduce costs as the carrier focuses on scaling its most productive markets.
Looking ahead, the airline plans to concentrate on sustainably growing its five core bases in 2026 while preparing for future expansion. That growth will be supported by Avelo’s recent order for up to 100 Embraer 195-E2 aircraft.
This news comes around six months after Avelo Airlines abandoned the West Coast while pulling out of several airports and closing its Hollywood Burbank Airport (BUR) base on December 2nd. The airline also exited Las Vegas Harry Reid International Airport (LAS), Salem-Willamette Valley Airport (SLE), and Charles M. Schulz-Sonoma County Airport (STS).
Anthony’s Take: Avelo might have cash on its books, but its strategy seems to be suffering a bit. Last year was tumultuous between the West Coast departure and heat that Avelo took for operating deportation flights. Let’s see what 2026 brings.
(Image Credits: Avelo Airlines.)
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Advertiser & Editorial Disclosure: The Bulkhead Seat earns an affiliate commission for anyone approved through the links above This compensation may impact how and where links appear on this site. We work to provide the best publicly available offers to our readers. We frequently update them, but this site does not include all available offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed, or approved by any of these entities.
