New Delhi, June 7 (IANS) Global airlines’ 2026 net profit forecast has been halved to $23 billion from $45 billion in 2025 due to escalating fuel costs driven by the Middle East conflict, according to an IATA outlook report released on Sunday.The International Air Transport Association (IATA), which represents more than 370 airlines accounting for about 85 per cent of global air traffic, said in its annual report, released in Rio de Janeiro, that it now expects the industry to post a combi…
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New Delhi, June 7 (IANS) Global production of Sustainable Aviation Fuel (SAF) is expected to reach just 2.4 million tonnes in 2026, accounting for only 0.8 per cent of total aviation fuel consumption, highlighting the growing challenge facing the airline industry’s decarbonisation efforts, according to estimates released by the International Air Transport Association (IATA).The industry body said airlines are expected to spend around $4.3 billion on SAF this year, even as production remains far …
New Delhi, May 29 (IANS) Global air passenger demand fell 3.4 per cent year-on-year (YoY) in April 2026 — marking a sharp slowdown primarily driven by the impact of the ongoing war in the Middle East, according to data released by the International Air Transport Association (IATA) on Friday.Total demand, measured in revenue passenger kilometers (RPK), declined 3.4 per cent compared to April 2025, while total capacity, measured in available seat kilometers (ASK), dropped 2.9 per cent.Global load…