10 articles
Cathay Pacific will increase passenger and cargo fuel surcharges effective August 1 as jet fuel prices hit $149.4 per barrel amid Middle East tensions. The airline cited IATA data showing sharp weekly
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.
IATA slashed its 2026 profit forecast to $23 billion amid soaring jet fuel costs and airspace disruptions from the Iran conflict. Fuel expenses are projected to reach $350 billion, significantly impac
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
Renewed US-Iran tensions caused international oil prices to surge, with WTI rising 6.6% to approximately $88 per barrel. Additionally, IATA warned that European airlines might cancel flights by late M
IATA warns European flights risk cancellation this summer due to jet fuel shortages stemming from the Iran conflict blocking key supply routes. The situation underscores Europe's heavy reliance on Mid
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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