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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...
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...
Airfare-Prediction Apps Can’t Handle a Summer Like This One
The casual air traveler has never had so much information at his fingertips. He sits before a battleship-worthy console of maps, prices, dates, and times; orders up grids that plot one variable against another. He is monitoring the situation.
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...
100 days into Iran war, Americans face higher prices
100 days into Iran war, Americans face higher prices On average, US households have spent $750 more in expenses due to the war, hitting middle- and lower-income people hard. A hundred days into the US-Israel war on Iran, Americans are facing increasing financial pressure at the pump and at the grocery store in an economy already facing headwinds from United States President Donald Trump’s domestic and foreign policies, including tariffs. The war is unpopular, with 66 percent of Americans...
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...
EasyJet shares surge after budget airline brands takeover talks from US firm 'highly opportunistic'
EasyJet shares surge after budget airline brands takeover talks from US firm 'highly opportunistic' No-frills airline easyJet has dismissed a takeover approach from a US investment firm as "highly opportunistic" as shares in the budget airline jumped as much as 13% this morning Shares in easyJet soared after bosses at the British budget airline knocked back a takeover swoop. The Luton-based airline branded an approach by US investment firm Castlelake “highly opportunistic”. It also confirmed...
easyJet responds to takeover rumours from US investment giant
easyJet responds to takeover rumours from US investment giant The budget airline said it is in a strong financial position - Bookmark - CommentsGo to comments Budget airline easyJet has branded a possible takeover approach from US investment fund Castlelake as "highly opportunistic", confirming it has not held talks with the firm. Private credit company Castlelake revealed late on Friday, after the London stock market close, that it was in the early stages of considering an offer for...
Airline profits plummet as US fuel costs nearly double
Airline profits plummet as US fuel costs nearly double IATA forecasts $350bn airline fuel bill for 2026, with profits dipping to their weakest margin since the COVID-19 pandemic. Jet fuel prices in the United States are rising sharply ahead of the peak summer travel season as escalating tensions between the US and Iran raise concerns about disruptions in the Strait of Hormuz, a critical passage for global energy shipments. Fuel costs surged by 78 percent to nearly $6.5bn in April, following...