20 Hrs
Source:
الاقتصادية
Iran's Conflict Impact IATA Cuts Airline Forecast
The conflict in the Middle East and the rise in fuel prices caused by Iran's war have reduced global airline industry profit forecasts for 2026 by nearly 50%. The International Air Transport Association (IATA) reported that the sector now expects a combined net profit of $23 billion, down from previous estimates of $41 billion, due to increased fuel costs and rising disruptions to flight routes. The association also predicted that airlines may face losses or takeovers, with some unprofitable destinations being canceled and a sharp increase in ticket prices.
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