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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...
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...
Huge fireball, roof collapse: Kuwait shares video of Iranian drone strikes on airport- watch
Kuwait airport on Wednesday came under drone attack by Iran as the situation in the Middle East continues to boil with tension. Kuwait general authority of civil aviation released a footage from the drone strike, showing the scale of damage caused by the Iranian attack that also left an Indian national dead and several others injured. The footage showed a massive explosion ripping through the terminal, with a huge fireball engulfing part of the structure and thick black smoke billowing into...
Countries need to work together to maintain, protect critical underwater infrastructure: Chan Chun Sing
Countries need to work together to maintain, protect critical underwater infrastructure: Chan Chun Sing Seventeen countries launched a framework for cross-regional defence cooperation on critical underwater infrastructure at this year's Shangri-La Dialogue. SINGAPORE: Countries need to work together to establish international norms to build, maintain and protect critical underwater infrastructure, and take to task those that mean harm to them, Singapore's Defence Minister Chan Chun Sing said...
These are all the countries currently on the Foreign Office ‘do not travel’ list
These are all the countries currently on the Foreign Office ‘do not travel’ list Warnings against travel abroad from the UK have been issued for countries including Iran, Syria and Russia - Bookmark - CommentsGo to comments When planning a holiday, it’s wise to check these three things before you leave for the airport: your passport is in date, travel insurance is still valid and you’re travelling to somewhere safe according to the Foreign, Commonwealth and Development Office (FCDO)....