Reuters
• Gabriel Araujo
IATA warns Iran-war jet-fuel shock could drive airline failures and consolidation, as airlines cut routes and delay aircraft opt
Rising jet-fuel prices tied to the Iran conflict are increasing bankruptcy risk, with IATA calling for more mergers as carriers protect margins by trimming unprofitable routes and supporting fares that are unlikely to fall. Separately, Embraer’s CEO says airlines are delaying aircraft purchase-option calls, while India’s state refiners hold domestic jet-fuel steady and Europe avoids a shortage but still braces for higher costs.
