Soaring jet fuel prices from Middle East tensions are straining airlines, increasing bankruptcy risks and likely accelerating industry mergers, according to IATA's latest warning.
IATA's Willie Walsh expects further industry consolidation
Jun 07, 2026
11:02 am
What's the storyThe escalating conflict in the Middle East is expected to increase the risk of airline bankruptcies and lead to further consolidation in the industry, according to Willie Walsh, Director General of the International Air Transport Association (IATA).
The war between US-Israel and Iran has caused a spike in jet fuel prices by disrupting key air corridors and limiting jet fuel supplies.
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International Air Transport Association warns on jet fuel prices and route disruption
