Airline Profits Halve Amid Middle East Crisis

Global airline profits are projected to halve in 2026, with the Middle East crisis and rising fuel costs significantly impacting the industry.

The International Air Transport Association (IATA) reports that airlines will face an extra $100 billion jet fuel bill this year, making air fare rises inevitable.

Airline industry chiefs admit that the landmark pledges to be net zero by 2050 are now unlikely to be achieved, blaming fuel suppliers, governments, and aircraft makers.

This grim outlook is further compounded by the ongoing US-Israel war, which has doubled jet fuel prices since it began.