Airlines pay heavy price for war in Iran

Soaring fuel prices, disrupted airspace, reduction in destinations covered… Airlines have not gone through such areas of turbulence since the Covid pandemic which then grounded all planes. The year promises to be delicate on a financial level, with profitability halved for the sector, warned the International Air Transport Association (Iata) on Sunday, meeting in congress in Rio de Janeiro. “Disruptions in the Middle East due to war and rising fuel costs have sent the outlook for airlines in the wrong direction.â€explained the organization’s executive director, Willie Walsh.

Certainly, for the moment, geopolitical upheavals and the rise in the price of plane tickets are not deterring individuals and businesses from traveling. Iata member companies, which provide 85% of global traffic, will transport 5.1 billion passengers this year, or 2.4%…