IATA Cuts 2026 Industry Profit Forecast as Fuel Surge and Gulf Airspace Disruption Bite
The International Air Transport Association (IATA) has slashed its collective profit forecast for global airlines in 2026 to $23 billion from a prior estimate of about $41 billion, citing sharp increases in jet fuel prices and operational disruption around the Gulf. Passenger demand remains robust and revenues are rising, but higher fuel bills, rou…