Business

Airline Profits Slump Amid Fuel Crisis

Updated 2026-06-08 10:15 UTC 1 source Negative

Global airline profits are expected to halve this year due to a $100 billion jump in fuel costs, according to the International Air Transport Association. The industry faces an uncertain future as it grapples with rising expenses.

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CNBC
"The big unknown is how long travelers and shippers can tolerate the higher costs," IATA's Willie Walsh said.
2026-06-08 10:05 UTC
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