Airline Profits Fall to Half because of the War and the Shortage of Planes
4 Articles
4 Articles
Before the Middle East War, profitability forecasts were significantly double. "War is really the breaking point," according to the International Air Transport Association.
IATA warns that the war in the Middle East and the lack of new aircraft should cut by half the profits of world commercial aviation by 2026. Companies face record fuel costs and route deviations, while Asia gains weight in the sector
International Air Transport Association says that the decline results from three interrelated factors: the military conflict, the consequent economic pressure and the pre-existing shortage of aircraft. A central element is the continuous disturbance in the transit of energy in the Middle East, through the Strait of Ormuz.
The conflict in the Middle East and delays in aircraft deliveries should halve the profits of global commercial aviation, the International Air Transport Association (IATA) today warned.
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