Airline Profits Halve in 2026 as the War on Iran Drives Jet Fuel Higher (opens in new tab)
The global airline industry will earn about $23 billion in 2026, roughly half of last year, after the war on Iran drove jet fuel up 70 percent and added $100 billion to its fuel bill. IATA says no carrier is spared, and the Gulf's biggest airlines may slip into losses.
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