the Airline Industry Is Not in a Crisis
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The jet fuel shock wipes out half of the global airline industry's expected profits
Revenues are forecast to rise strongly and passenger traffic to hit new records, yet the global airline industry is seeing profits squeezed by an Iran war-driven jet fuel price shock, according to the industry's latest outlook. Air travel demand is strong and revenues are growing across the airline industry, yet profits are expected to halve in 2026 as soaring jet fuel prices hit companies worldwide, according to the International Air Transport Association (IATA). This is stated in the...
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...
CNA Explains: How airlines avoided a jet fuel shortage amid the Iran conflict
CNA Explains: How airlines avoided a jet fuel shortage amid the Iran conflict Despite warnings of a looming jet fuel supply crunch amid the Iran war, major airlines are now saying that they have enough fuel for the next few months. The conflict in Iran has sent jet fuel prices soaring, as the prolonged closure of the Strait of Hormuz choked exports from Gulf refineries that supply a significant share of the world’s jet fuel. The war, which began with United States-Israeli strikes on Iran on...
Middle East crisis: IndiGo grounds flights to six overseas destinations amid cost pressures
India’s largest airline IndiGo on Thursday announced the temporary suspension of flights to six international destinations, including Hong Kong, Shanghai and Thailand’s Krabi, as it moves to optimise its network amid softer travel demand and rising operating costs. The budget carrier said services to Langkawi, Krabi, Ho Chi Minh City, Hong Kong and Shanghai will be suspended from July 1, while flights to Siem Reap will be halted from July 3. The suspension will remain in place until...
This Summer Travel Season Could Forever Alter the Future of Sustainable Aviation Fuel
Late last year, Vancouver-based aviation analyst Mark Miller bought airplane tickets to bring his family of four to Rome this summer. The Millers would spend Italy’s high season trawling the city’s ancient ruins, exploring the Vatican, and swooping down to Sardinia to experience the island’s dramatic sea cliffs, white sand beaches, and ancient limestone caves. Five months later, Miller, a commentator for CBC News, watched in disbelief as Iran closed the Strait of Hormuz—a crucial waterway...
Commentary: The Strait of Hormuz is getting less dire by the day
Commentary: The Strait of Hormuz is getting less dire by the day The longer we go without oil from the Persian Gulf, the less we’ll need it, says Christopher Smart for the New York Times. NEW YORK: Whatever peace agreement the United States and Iran may cobble together, there will be no quick return to pre-war energy flows through the Strait of Hormuz. Even after the mines are cleared, it will take a brave tanker captain to trust that the passage is once again secure - and higher insurance...
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...