RIO DE JANEIRO – Global airline bosses gathering in Rio de Janeiro this weekend will be searching for answers to the industry’s biggest crisis since the pandemic, with the Iran war driving up jet fuel costs, forcing flight detours and testing carriers’ ability to raise fares.
The June 6-8 annual meeting of the International Air Transport Association (IATA) is the industry’s biggest summit, bringing together hundreds of top executives from airlines, manufacturers, suppliers and financiers.
IATA represents more than 370 airlines accounting for some 85% of global air traffic, giving it a central role in ?a sector where profits were expected to reach a record $41 billion this year before the Iran war began.
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