Airline profits set to halve this year as fuel costs jump by $100 billion: IATA
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The International Air Transport Association warned that global airlines can expect to see profits plunge by half in 2026 as the rising cost of jet fuel continues to squeeze the industry. Oil prices jumped and jet fuel costs soared after the U.S.-Iran conflict began on Feb. 28, noted IATA's outgoing director general Willie Walsh , adding to the challenges he said airlines have faced in recent years from the Covid-19 pandemic to the war in Ukraine. "As a result, we expect average jet fuel prices
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