Airlines face $100bn hit on jet fuel from Iran energy shock

Industry body warns that profits will be halved by surging energy costs

Air fare rises ‘inevitable’ as airlines face extra $100bn jet fuel bill this year

Iata summit in Brazil hears top executives say although jet fuel shortages are unlikely industry-wide profits will halve BA boss: ‘Costly aviation taxes and rail tickets stunting UK tourism growth’ Airlines will have to spend an extra $100bn on jet fuel this year, with fares “inevitably” rising to cover the bill after the war with Iran choked off oil supplies. With jet fuel prices expected to be 70% higher across 2026, airlines body Iata said that collective industry profits worldwide wou...

By Gwyn Topham Transport correspondent

Airline profits to be halved this year, even with more passengers: forecast

'If you extract the impact of the Middle East, we're looking at growth of 3.5 percent'

By AFP

Airlines face profit crash: 2026 earnings nearly halved as fuel shock hits aviation

Global airlines face a profit plunge in 2026, nearly halving earnings to $23 billion due to soaring fuel costs and Middle East conflict disruptions. Despite strong passenger demand and projected record revenues exceeding $1.1 trillion, profitability per passenger is expected to drop significantly. This geopolitical instability and rising operational expenses are reshaping the industry's financial outlook.

By TOI BUSINESS DESK

Global airlines slash 2026 profit forecast on fuel shock from Iran war

Airlines are also expected to cut unprofitable routes to protect margins, while fares, which have surged since the start of the Iran war, are unlikely to fall soon, Walsh said.

Airline profits forecast to halve in 2026 as Middle East conflict, fuel costs weigh

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By Nwafor