IATA warns of airline bankruptcies from high fuel costs
The International Air Transport Association (IATA) warns that rising jet fuel prices, caused by Iran's conflict and its effects on fuel supplies and flight routes, could lead to airline bankruptcies and increased mergers in the coming two years. Low-cost carriers have been particularly hard hit, with the collapse of the American airline "Spirit Airlines," and other carriers are expected to face challenges in staying in the market.
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