the State of the Global Air Transport Industry
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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...
Airline profits set to halve this year as fuel costs jump by $100 billion: IATA
The International Air Transport Association warned that global airlines can expect to see profits plunge by half in 2026 as the rising cost of jet fuel continues to squeeze the industry. Oil prices jumped and jet fuel costs soared after the U.S.-Iran conflict began on Feb. 28, noted IATA's outgoing director general Willie Walsh, adding to the challenges he said airlines have faced in recent years from the Covid-19 pandemic to the war in Ukraine. "As a result, we expect average jet fuel...
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...
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...
A hidden pollutant is changing how the world's forests breathe
A hidden pollutant is changing how the world's forests breathe - Date: - June 2, 2026 - Source: - Aarhus University - Summary: - A massive global analysis found that nitrogen pollution can either speed up or dramatically slow the natural "breathing" of forest soils, depending on the ecosystem's condition. The results reveal hidden tipping points that could affect how forests store carbon and cope with climate change. - Share: For centuries, forests have followed a remarkably consistent rhythm.
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...
Wildfires are reversing America's progress on ozone pollution
Wildfires are reversing America's progress on ozone pollution Lisa Lock Scientific Editor Andrew Zinin Lead Editor For decades, the United States made steady progress in reducing surface ozone pollution, the main ingredient in smog. But that progress—made as vehicles, industries, and power sources became cleaner—is increasingly being overshadowed by a different and growing source of ozone pollution: wildfires. Our team of atmospheric and wildfire scientists analyzed wildfires' contribution...
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?
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...
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...