• Aviation fuel prices expected to rise 70% across 2026
• Aviation fuel prices expected to rise 70% across 2026
• Global industry profits to halve to $23bn
• Association says Nigeria among most expensive countries for airlines
Emmanuel Addeh in Abuja and Chinedu Eze in Lagos
Airlines will have to spend an extra $100 billion on jet fuel this year, with fares ‘inevitably’ rising to cover the bill after the war with Iran choked off oil supplies, the International Air Transport Association (IATA) has stated.
Air fare rises ‘inevitable’ as airlines face extra $100bn jet fuel bill this year
Airlines Take $100 Billion Jet Fuel Hit—Plunging Profits By 50% In 2026
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Middle East airlines tipped for billions in losses, says IATA as fuel shock and war disruptions hit hard
Airlines to fly more passengers but profits to halve in 2026, industry warns
US carriers spent $6.5 billion on fuel in April, global profit forecast is cut nearly in half
Iata summit in Brazil hears top executives say although jet fuel shortages are unlikely industry-wide profits will halve
The global airline industry is coming to terms with higher jet fuel prices as the new normal this year and likely into 2027.
IATA forecasts $350bn airline fuel bill for 2026, with profits dipping to their weakest margin since the COVID-19 years.
Fuel crisis from Middle East conflict could push airline into loss as it looks to offset costs with higher fares
Airlines are facing a fuel price shock. U.S. carriers spent over six billion dollars on jet fuel in April, a significant jump…
The global airline industry has significantly lowered its 2026 profit forecast due to rising fuel costs and disruptions from the…
