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The Latest Breaking News from Willie Walsh

Airlines face extra $100bn jet fuel bill as flights cancelled worldwide

Jet fuel prices are expected to be 70 per cent higher year on year in 2026

The Independent UK

The global airline industry’s profits could be cut in half as it braces for its worst year since the pandemic

Iran's grip on the Strait of Hormuz is adding $100 billion to airlines' collective fuel bill this year.

Fortune

Airline Profits to Plunge By Half in 2026 as Fuel Costs Surge by $100 Billion: Report

Airlines worldwide are now expected to generate a combined net profit of $23 billion in 2026, down sharply from the $45 billion earned in 2025 as jet fuel costs remain elevated.

International Business Times

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The jet fuel shock wipes out half of the global airline industry's expected profits

Revenues are forecast to rise strongly and passenger traffic to hit new records, yet the global airline industry is seeing profits squeezed by an Iran war-driven jet fuel price shock, according to the industry's latest outlook.

Euronews

Airline industry chiefs say 2050 net zero goal now unlikely

Iata boss Willie Walsh blames fuel suppliers, governments and aircraft makers, saying new ‘realistic timeline’ now needed

The Guardian - UK

Air fare rises ‘inevitable’ as airlines face extra $100bn jet fuel bill this year

Iata summit in Brazil hears top executives say although jet fuel shortages are unlikely, industry-wide profits will halve

The Guardian - UK

Global airlines slash 2026 profit forecast on fuel shock from Iran war

The global airline industry has significantly lowered its 2026 profit forecast due to rising fuel costs and disruptions from the Iran war. Airlines are now expected to earn $23 billion, down from $41 billion, as conflict in the Middle East drives up jet fuel prices and forces flight reroutes.

The Economic Times

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Sustainable Aviation Fuel production volumes still disappointing: IATA DG Willie Walsh

The International Air Transport Association (IATA) has released estimates showing that global Sustainable Aviation Fuel (SAF) production is expected to reach around 2.4 million tonnes in 2026, representing just 0.8% of aviation fuel use, at a cost to airlines of USD 4.3 billion.

The Economic Times

Middle East conflict fuels airline bankruptcy risks, more mergers likely: IATA

Soaring jet fuel prices due to Middle East conflict are pushing budget airlines towards bankruptcy and industry consolidation, according to the head of the global airline body. Slow aircraft and engine deliveries are exacerbating these financial strains. Despite challenges, the low-cost model remains viable outside the U.S., and the industry…

The Economic Times

20 Things Plane Passengers Do That They Think Are Safe But They’re Not

Air travel is one of the safest things in the world, but it is up to each and every single passenger, alongside working professionals, to make sure that it stays that way. If you refuse to listen to the flight staff and pilots, you might be putting everyone’s precious lives…

Bored Panda

UK airlines easyJet and Jet2 assure holidaymakers: No extra charges for summer flights despite rising fuel costs

British holidaymakers have been told their summer travel plans remain unaffected despite growing concerns over rising jet fuel prices linked to tensions in the Middle East.

The Times of India

Air boss warns airlines cannot continue ‘absorbing cost’ of jet fuel shortages

The head of the International Air Transport Association says an inevitable consequence of rising fuel prices will be an increase in air travel

The Independent UK

‘Inevitable’ jet fuel shortages will drive up air fares this summer, says Willie Walsh

Impact of disruption from Iran war may be felt into 2027 even if strait of Hormuz reopens, says aviation body boss

The Guardian - UK

Ryanair boss warns European airlines could go bust if jet fuel prices remain high

Michael O’Leary warned that fuel prices remaining high would present serious financial problems for airlines in Europe

The Independent UK

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Fortune

Jet fuel supply disruptions are comparable to 9/11 and could take months to replenish even if Hormuz Strait is reopening, airline trade group warns

IATA director Willie Walsh said unlike crude, jet fuel does not appear to have strategic reserves, causing the aviation industry to jump into action amid the Iran war.

The Independent UK

Air India chief resigns 10 months after devastating Ahmedabad crash and amid mounting financial troubles

Airline continues to reel from impacts of last year’s crash involving a London-bound plane in western India, which killed 260 people

The Independent UK

How hard will the Middle East conflict hit flight prices? Airline bosses weigh in

The Man Who Pays His Way: ‘We make about £7 per seat. If fuel goes up £10, you have to respond,’ says easyJet boss

The Guardian - UK

‘This is real progress’: airlines on sustainable aviation fuels and the chances of net zero flying

The EU and UK have imposed mandates, and investors see its value – but the industry has mixed views

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The Independent UK

Would cockpit video recorders help plane crash investigators? Experts are divided

The deadly Air India crash has reignited a decades-old debate in the aviation industry

International Business Times

Heathrow Airport Restarts Operations But Delays Expected For Days

After more than 1,300 flights were grounded on Friday, around 100 additional flights have been canceled by airlines.

International Business Times

Airlines Chief Says Jet Manufacturers Need To Deliver

World airlines are "cautiously optimistic" for 2025, the industry body's head told AFP on Tuesday, while slamming the big plane manufacturers for not delivering new aircraft fast enough.

International Business Times

Air Passenger Numbers To Top Five Billion In 2025: IATA

Air passenger numbers are forecast to top five billion for the first time next year and the sector's revenues will break the trillion-dollar barrier, the global aviation body IATA said on Tuesday.

The Guardian - UK

Will a single European airspace cure air traffic control woes – and cut CO2?

Better integration would help reduce delays, but despite airline backing there are legal and political problems

International Business Times

Frustration In The Air: Boeing Delays Hang Over Aviation Meet

Headline projections of nearly five billion passengers and close to $1 trillion in revenues this year, both records, were reasons for celebration at the IATA annual general meeting in Dubai.

The Guardian - UK

Ex-BA boss: drop green aviation policies if costs outweigh benefits

Willie Walsh, now boss of Iata, also calls for more investment in sustainable aviation fuels

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