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Fuel costs for airlines have risen sharply due to the war on Iran, with the International Air Transport Association (IATA) predicting that aircraft fuel prices will increase by 70% this year, adding approximately $100 billion to the global fuel bill. However, officials have highlighted that taxes and excessive regulations on airlines concern them even more, as profits decline. American airlines are experiencing a 78% increase in fuel costs in April, with expectations that tensions will continue and impact the sector.
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