Global airlines slash 2026 profit forecast on fuel shock from Iran war - BNN Bloomberg
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Heuristic (v1/v3)
0.00 · CENTER
ML v2 (DistilBERT)
0.327 · RIGHT
Ensemble
0.164 · CENTER
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Article Excerpt
RIO DE JANEIRO -- The global airline industry nearly halved its 2026 profit forecast on Sunday, citing conflict in the Middle East that has driven up fuel costs, disrupted key air corridors and exposed the fragility of a sector operating on thin margins.
The International Air Transport Association, which represents more than 370 airlines accounting for about 85 per cent of global air traffic, said in its annual report that it now expects the industry to post a combined net profit of US$23 billion in 2026, well below a previous projection of about $41 billion and down from $45 billion in 2025.…
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