IATA Cuts 2026 Profit Forecast to $23B on Fuel Costs
The IATA has halved its 2026 global airline profit forecast to $23 billion, driven by a 70% surge in jet fuel prices and Middle East airspace closures.
Jun 15, 20264 min
Business
United Rules Out Merger as Jet Fuel Prices Hit Margins
United Airlines CEO Scott Kirby has abandoned merger plans with American Airlines, citing antitrust barriers amid a $4.88-per-gallon fuel price surge.
Jun 8, 20264 min
Business
Japan Steps Up Fry to Fly SAF Efforts for 2030 Mandate
Japan is expanding the Fry to Fly project to secure domestic cooking oil for the 1.7 million kiloliters of SAF required for its 2030 blending mandate.
Jun 8, 20264 min
Environmental
American Airlines Stock Rises Amid Route Suspensions
American Airlines stock rose 1.5% as investors weighed record fuel costs against a debt reduction to $34.7 billion in the first quarter of 2026.
Jun 6, 20264 min
Business
Southwest CEO: Higher Airfares Are the New Industry Baseline
Southwest Airlines CEO Bob Jordan says airfares will remain high despite potential fuel cost drops following the US-Iran conflict.
May 31, 20263 min
Airlines
European Airlines Downplay Summer Jet Fuel Shortage Fears
European airlines downplay summer jet fuel shortage fears despite prices doubling to $1,400/ton amid Middle East conflict to protect bookings.
May 15, 20265 min
Business
Lufthansa Cuts 20,000 Flights Amid Jet Fuel Price Surge
A global jet fuel price surge to $150-$200/barrel has forced Lufthansa to cut 20,000 flights, part of a 2 million seat reduction worldwide.
May 13, 20265 min
Business
Airlines Cut 2M Seats Amid 2026 Jet Fuel Crisis
Airlines are cutting millions of seats and raising fares for summer 2026 as the Iran war and Strait of Hormuz disruption cause jet fuel prices to surge...
May 8, 20266 min
Business
Jet Fuel Shortage Threatens European Summer Travel Amid Hormuz Blockade
Soaring jet fuel prices and potential shortages due to Middle East conflict threaten widespread flight cancellations and higher fares across Europe...
May 4, 20266 min
Business
Europe Faces Jet Fuel Shortage by June Amid Hormuz Closure
Analysts warn of a European aviation fuel shortage by June as the Strait of Hormuz closure threatens peak summer travel and critical supply chains.
May 2, 20265 min
Business
Gulf Coast Jet Fuel Prices Spike 90%, Squeezing Airline Operating Costs
Jet fuel prices have spiked 90.2% year-over-year through March, driven by geopolitical conflict and placing severe pressure on airline operating costs.
Apr 5, 20265 min
Business