Willie Walsh
Coverage of Willie Walsh in the Nexus archive.
- The global airline industry’s profits could be cut in half as it braces for its worst year since the pandemic
The global airline industry's profits are projected to halve to $23 billion in 2026 due to rising fuel costs and flight rerouting caused by the Iran war. Airlines serving the Persian Gulf and those with weaker balance sheets face the greatest impact, with fuel prices expected to rise 70% year-over-year.
- 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.
- IATA Director Willie Walsh on Rising Cost of Jet Fuel
IATA Director Willie Walsh discusses how rising jet fuel costs will incentivize refineries to increase production.
- ‘Inevitable’ jet fuel shortages will drive up air fares this summer, says Willie Walsh
Jet fuel shortages will drive up air fares this summer due to the high cost of jet fuel, according to Willie Walsh, head of the International Air Transport Association. The impact of the US-Israeli war on Iran may be felt into 2027. Airlines cannot absorb the extra costs in the long run.