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Airline chiefs grapple with fuel shock, fare test at Rio summit
Airline chiefs grapple with fuel shock, fare test at Rio summit RIO DE JANEIRO: Global airline chiefs open their annual summit in Rio de Janeiro on Saturday (Jun 6) facing a sharper test of the industry's post-pandemic recovery, as the Iran war drives up fuel costs and disrupts airspace while carriers try to cushion the blow with higher fares and tighter capacity. The Jun 6 to Jun 8 annual meeting of the International Air Transport Association (IATA) comes as that fuel shock collides with...
Aviation leaders face Iran war fuel shock, rising fare prices at Rio summit
Global airline chiefs open their annual summit in Rio de Janeiro on Saturday facing a sharper test of the industry’s post-pandemic recovery, as the Iran war drives up fuel costs and disrupts airspace while carriers try to cushion the blow with higher fares and tighter capacity. The annual meeting of the International Air Transport Association (IATA) from Saturday to Monday comes as that fuel shock collides with another problem airlines cannot quickly fix: a shortage of new aircraft.
Aviation industry looks skywards as leaders fly in for Rio summit
Oil tankers may be stuck behind strait of Hormuz, but holding the Iata AGM in Brazil defies warnings of impending shortagesNothing says jet fuel crisis, as one prospective attender put it, like flying everyone to Rio de Janeiro. Aviation leaders will converge in Brazil this weekend for the Iata AGM, the annual global airline summit, with the industry still, for the most part, looking resolutely skyward. The oil tankers may still be stuck behind the strait of Hormuz as the conflict between...
Aviation industry looks skywards as leaders fly in for Rio summit
Oil tankers may be stuck behind strait of Hormuz, but holding the Iata AGM in Brazil defies warnings of impending shortagesNothing says jet fuel crisis, as one prospective attender put it, like flying everyone to Rio de Janeiro. Aviation leaders will converge in Brazil this weekend for the Iata AGM, the annual global airline summit, with the industry still, for the most part, looking resolutely skyward. The oil tankers may still be stuck behind the strait of Hormuz as the conflict between...
Aviation industry looks skywards as leaders fly in for Rio summit
Oil tankers may be stuck behind strait of Hormuz, but holding the Iata AGM in Brazil defies warnings of impending shortagesNothing says jet fuel crisis, as one prospective attender put it, like flying everyone to Rio de Janeiro. Aviation leaders will converge in Brazil this weekend for the Iata AGM, the annual global airline summit, with the industry still, for the most part, looking resolutely skyward. The oil tankers may still be stuck behind the strait of Hormuz as the conflict between...
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...
Israel's military says it struck southern Beirut days after a shaky ceasefire with Lebanon was announced
Middle East: Israel strikes Beirut in first since ceasefire Published June 6, 2026last updated June 7, 2026What you need to know - Israeli army says it intercepted projectiles fired from within Lebanon despite ceasefire - US says it destroyed two Iran drones targeting Hormuz shipping - One killed, several injured in shooting attack in Israel Read below for a roundup of news related to the Iran war and the wider Middle East on Saturday, June 6, and Sunday, June 7, 2026. Tired of missing our...
Middle East: Israel strikes Beirut in first since ceasefire
Middle East: Israel strikes Beirut in first since ceasefire Published June 6, 2026last updated June 7, 2026What you need to know - Israeli army says it intercepted projectiles fired from within Lebanon despite ceasefire - US says it destroyed two Iran drones targeting Hormuz shipping - One killed, several injured in shooting attack in Israel Read below for a roundup of news related to the Iran war and the wider Middle East on Saturday, June 6, and Sunday, June 7, 2026. Tired of missing our...
Middle East: Shaky Israel-Hezbollah ceasefire tested
Middle East: Shaky Israel-Hezbollah ceasefire tested Published June 6, 2026last updated June 7, 2026What you need to know - Israeli army says it intercepted projectiles fired from within Lebanon despite ceasefire - US says it destroyed two Iran drones targeting Hormuz shipping Read below for a roundup of news related to the Iran war and the wider Middle East on Saturday, June 6, and Sunday, June 7, 2026. Tired of missing our real-time updates?
Cathay Pacific plans more aircraft orders across fleet, CEO says
Cathay Pacific plans more aircraft orders across fleet, CEO says RIO DE JANEIRO: Cathay Pacific is considering additional orders for widebody, narrowbody and freighter aircraft as it looks to expand rapidly over the next decade, taking advantage of a third runway at its Hong Kong hub, Chief Executive Officer Ronald Lam said on Sunday (Jun 7). Lam said this could include fresh orders and exercising options to expand previous orders. Cathay already has more than 100 new aircraft on order,...