<h1>Airline Q3 profit plunge from operational disruptions and labour code implementation, with regulator fines and schedule curtailment imposed</h1> The airline reported a sharp quarter-on-quarter profit decline driven by two primary legal-regulatory and financial issues: significant operational disruptions, which the airline attributed to mass cancellations and delays and which resulted in an operational loss and regulatory penalties; and the cost of implementing new labour law requirements, which the airline treated as an exceptional provisioning charge. The regulator imposed financial penalties, curtailed the carriers winter schedule and required a bank guarantee to secure systemic corrections, producing immediate cash and accounting effects and reducing reported net profits for the quarter.