RIO DE JANEIRO
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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...
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...
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.
US budget carrier Breeze Airways sets sights on 2027 IPO
US budget carrier Breeze Airways sets sights on 2027 IPO RIO DE JANEIRO: US low-cost domestic carrier Breeze Airways is targeting an initial public offering (IPO) in 2027, its Chief Executive David Neeleman said on Saturday (Jun 6), noting the plan depends on market conditions. The carrier considered an IPO sooner but decided to wait due to market conditions, he added during an interview with Reuters on the sidelines of the International Air Transport Association's (IATA) annual summit in...
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,...
Airlines find the grass isn't always greener with new engines
RIO DE JANEIRO — Airplane engine makers have fallen short of what they promised airlines, major carriers' CEOs say, a problem vexing an industry that has struggled for years with aircraft shortages and more recently, a doubling of fuel prices. It's a paradox: Engine makers dazzled carriers with more fuel-efficient options for new planes from Boeing and Airbus. But production shortfalls and disappointing reliability with those engines are becoming costly problems, CEOs said in interviews at...
A Stray Dog Became a Cultural Symbol in Brazil. Now, Mexico Is Claiming It.
Tiana, a “caramelo,” at a park in Rio de Janeiro in April.
A Stray Dog Became a Cultural Symbol in Brazil. Now, Mexico Is Claiming It.
Tiana, a “caramelo,” at a park in Rio de Janeiro in April.
Rio’s Forever War
Rio’s Forever War In 2025, Brazil’s deadliest police raid killed 120 people and exposed a pattern of mishandled evidence and impunity. On October 28, 2025, more than 2,500 police officers launched a massive raid on two favelas in Rio de Janeiro. They were targeting leaders of Red Command, one of Brazil’s largest drug trafficking groups.