By Jens Flottau, Lori Ranson, Mark Pilling, Kurt Hofmann
Airline leaders from around the world converged on Rio last weekend for the IATA AGM at a time when the fallout from the Iran war is hitting the industry hard.
Airlines have partly succeeded at passing on higher costs to consumers this year, but carriers worry that they might soon ask for too much and strangle demand.
Airlines in Africa and the Middle East have seen steep declines in demand for air travel since the war in Iran broke out, but they are also showing resistance to long-term impacts.
The head of the UAE’s air traffic control service has explained how his country has largely kept its airspace open since the outbreak of hostilities in the Gulf this year.
Continued appetite for travel is keeping U.S. airlines optimistic, but fare increases and economic pressures could affect demand in the back half of the year.
The world’s leading airlines had record-high results for the top 20 carriers in 2025, with combined revenue of just under $600 billion, 8% more than 2024.
In the second half of 2026, airlines may need to make tougher decisions about how to counter the impacts of the Iran war and much higher jet fuel prices.
The most valuable aircraft for the U.S. Air Force during the 38-day air strike campaign against Iran earlier this year proved to be the MQ-9A Reaper, the Air Force’s top general told lawmakers May 20.
European LCCs remain upbeat that despite the fuel price crisis causing financial and operational headaches, people will always want to travel over the summer break.
Qatar Airways Group has reported a post-tax profit of $1.94 billion for fiscal 2025/26—even as the airline suffered disruption during its fiscal final quarter.