More airline bankruptcies possible as jet fuel costs climb amid Iran war, IATA chief says

IATA warns airline profits halved to $23B in 2026, hit by soaring fuel costs and Middle East war disruptions.

Jet fuel surged 70% to $152/barrel, with DG Willie Walsh warning weaker airlines are struggling most.

Middle East airlines face a $4.3B loss while other regions stay profitable. Global passengers expected to hit 5.1B with a record 84% load factor.