Iata summit in Brazil hears top executives say although jet fuel shortages are unlikely industry-wide profits will halve

The annual industry meeting comes as airlines also battle a shortage of new aircraft.

Global airline chiefs open their annual summit in Rio de Janeiro on Saturday facing a sharper test of the industry's post-pandemic recovery, as the Iran war drives up fuel costs…

The global airline industry has significantly lowered its 2026 profit forecast due to rising fuel costs and disruptions from the Iran war. Airlines are now expected to earn $23…

IATA reduces 2026 airline profit forecast to $23 billion due to rising fuel costs and geopolitical instability.

International Air Transport Association warns on jet fuel prices and route disruption