Fuel Prices Etihad Airways
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Etihad Airways CEO Antonoaldo Neves on Fuel Prices
Etihad Airways CEO Antonoaldo Neves speaks at the International Air Transport Association (IATA) on fuel prices saying "things are coming back."
Airlines face profit crash: 2026 earnings nearly halved as fuel shock hits aviation
The global airline industry is set for a sharp downturn in profitability in 2026, with earnings almost halved compared to earlier forecasts, as the ongoing Middle East conflict pushes up fuel prices, disrupts key flight routes and strains airline operations worldwide. The International Air Transport Association said on Sunday that it now expects the industry to post a combined net profit of $23 billion in 2026, sharply down from an earlier estimate of about $41 billion and down from $45...
High fuel costs to trigger airline failures and consolidation, industry chief says
High fuel costs to trigger airline failures and consolidation, industry chief says Airlines are also expected to protect margins by cutting unprofitable routes, while fares, which have surged since the outbreak of the Iran war, are unlikely to come down soon, Walsh said. Soaring jet fuel prices driven by conflict in the Middle East are likely to push more airlines into bankruptcy and spur more sector consolidation this year and next, the head of the global airline body said on Saturday (Jun...
5 takeaways from airline CEOs' biggest annual gathering
RIO DE JANEIRO — Hundreds of airline leaders gathered in Brazil this week at the International Air Transport Association's annual assembly to discuss high fuel costs, sharply lower profits, engine reliability issues and elusive emission reduction goals, among other things. Toward the end of the assembly in Rio de Janeiro, news broke that Iran and Israel traded strikes for the first time since a ceasefire went into effect in April. For airline executives who have faced ongoing turmoil since...
Iran-US war latest: Two more drones downed over Strait of Hormuz as Trump claims he ‘destroyed’ Tehran’s military
Iran-US war latest: Two more drones downed over Strait of Hormuz as Trump claims he ‘destroyed’ Tehran’s military It comes as the US military said it downed six Iranian missiles in the Gulf - Bookmark - CommentsGo to comments The US says it has shot down two more drones threatening the Strait of Hormuz after Washington and Tehran continued to trade strikes on Saturday. In a post on X, US Centcom said it had shot down two Iranian one-way attack drones in a bid to “defend against Iranian...
Global airlines slash 2026 profit forecast on fuel shock from Iran war
Global airlines slash 2026 profit forecast on fuel shock from Iran war Airlines are also expected to cut unprofitable routes to protect margins, while fares, which have surged since the start of the Iran war, are unlikely to fall soon, IATA Director General Willie Walsh said. The global airline industry nearly halved its 2026 profit forecast on Sunday (Jun 7), citing conflict in the Middle East that has driven up fuel costs, disrupted key air corridors and exposed the fragility of a sector...
Global airlines slash 2026 profit forecast on fuel shock from Iran war
Global airlines slash 2026 profit forecast on fuel shock from Iran war Airlines are also expected to cut unprofitable routes to protect margins, while fares, which have surged since the start of the Iran war, are unlikely to fall soon, Walsh said. The global airline industry nearly halved its 2026 profit forecast on Sunday (Jun 7), citing conflict in the Middle East that has driven up fuel costs, disrupted key air corridors and exposed the fragility of a sector operating on thin margins. The...