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Bangkok Post
Bangkok Post
Business

Airline chiefs grapple with fuel shock, fare test at Rio summit

Aircrafts are parked on the tarmac at Rome's Fiumicino airport in Italy on Saturday, as European airlines monitor higher jet fuel costs and supply concerns linked to tensions in the Middle East. (Photo: Reuters)

RIO DE ​JANEIRO - Global airline chiefs open their annual summit in Rio de Janeiro on Saturday facing a sharper test of the industry's post-pandemic recovery, as the Iran war drives up fuel costs and disrupts airspace while carriers try to cushion the blow with higher fares and tighter capacity.

The June 6-8 annual meeting of the International Air Transport Association (Iata) comes as that fuel shock collides with another problem airlines cannot quickly fix: a shortage ​of new aircraft.

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