BUSINESSCNBC TOP
Airline profits set to halve this year as fuel costs jump by $100 billion: IATA
Airline profits are expected to halve this year due to a $100 billion increase in fuel costs, according to IATA. IATA's Willie Walsh highlighted uncertainty about how long travelers and shippers will tolerate higher costs.
Mentioned
Related Signal
Adjacent reporting
- Air New Zealand Forecasts Full-Year Loss as Fuel Costs Surge
- More traffic, but halved profits for airlines in 2026: Industry forecast
- European drivers cut back on fuel as energy price shock bites
- Fossil fuel demand may not rebound, say analysts
- Air France-KLM cuts capacity growth forecast amid expected $2.4bn fuel bill rise
- Ryanair Warns of Rising Costs From Fuel Prices