IATA warns airlines face bankruptcy risks due to fuel costs
Willie Walsh, Director General of the International Air Transport Association, warned that rising aircraft fuel prices due to Iran's war and supply disruptions will lead to the bankruptcy of more airlines and potential mergers in the next two years. Low-cost carriers have been particularly affected, such as Spirit Airlines, which declared bankruptcy last month, amid expectations that these pressures on the industry will continue. However, the low-cost airline model remains viable outside the United States. He emphasized that Gulf airlines will continue to be a strategic hub for aviation despite current challenges, with available means to enhance their resilience in facing the crisis.
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