Iran-war shock lifts fares while profitability comes under pressure across airlines
Wizz Air reported profit erosion amid the Iran war while flying a record 69.7 million passengers year-to-end March, and Thai Airways flagged softer travel demand as Gulf carriers discount. Industry data points to a sharp US airfare rise (+30% since early 2026) and IBA analysis shows Q1 revenue growth masking mounting margin pressure from higher fuel costs and disruption.