Airlines face a $100 billion increase in jet fuel costs due to Middle East tensions, prompting IATA to warn that ticket prices must rise and global profits could halve to $23 billion in 2026.
Aviation leaders gathered in Rio for the IATA AGM amid jet fuel prices exceeding $140 per barrel. Officials deny shortages, yet soaring energy costs continue to pressure airline budgets and sustainabi
At the IATA annual summit, global airline executives face a crisis driven by surging jet fuel costs and supply fears due to the Iran war, prompting profit downgrades and highlighting challenges in mee
IATA head Willie Walsh warns that rising oil prices and potential jet fuel shortages due to Middle East tensions will inevitably increase air fares this summer, prompting airlines to adjust capacity a
IATA director general Willie Walsh warns jet fuel supply may take months to recover despite Strait of Hormuz reopening due to Middle East refining disruptions, keeping costs elevated for airlines.
IATA reports that Middle East conflicts are disrupting aviation fuel supplies via the Strait of Hormuz, driving up prices and prompting calls for strategic reserves and sustainable aviation fuel devel
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