IATA chief warns jet fuel costs will inevitably raise European air fares

Willie Walsh, head of the International Air Transport Association, said higher jet fuel costs will inevitably drive up European air fares this summer. The disruption from the US-Israeli war on Iran has sent oil prices soaring and could impact supplies into 2027, he warned. While widespread flight cancellations can be avoided, Walsh said carriers cannot absorb the extra costs long-term.

Summary by Glance · The Guardian Australia – Business