IATA Warns Rising Jet Fuel Costs Threaten Airline Profits
The International Air Transport Association (IATA) has slashed its airline profit forecast for 2026 by nearly half to $23 billion due to a sharp rise in jet fuel prices. The increase is attributed to the closure of the Strait of Hormuz, which disrupted global oil supply and caused fuel costs to nearly double since late February.
Topics: airline industry jet fuel prices profit forecasts travel season