BUSINESSJun 8 · 11:30 UTCQUARTZCris Tolomia

Global airline profits are set to halve this year as jet fuel costs soar, IATA warns

Global airline profits are expected to drop to $23 billion this year from $45 billion in 2025 due to a nearly $100 billion increase in jet fuel costs, as warned by IATA.

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