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 BA boss: ‘Costly aviation taxes and rail tickets stunting UK tourism growth’Airlines will have to spend an extra $100bn on jet fuel this year, with fares “inevitably” rising to cover the bill after the war with Iran choked off oil supplies.With jet fuel prices expected to be 70% higher across 2026, airlines body Iata said that collective industry profits worldwide would halve...