Middle East airlines are set for a $4.3 billion loss in 2026 as war disruptions, airspace closures and soaring jet fuel prices hit Gulf carriers, says IATA.

Soaring jet fuel prices due to Middle East conflict are pushing budget airlines towards bankruptcy and industry consolidation, according to the head of the global airline body. …

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.

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.