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IATA Cuts 2026 Profit Forecast to $23 Billion Amid Rising Fuel Costs and Iran Conflict

2026-06-07 22:13:10

According to the International Air Transport Association, on June 7, the organization downgraded its 2026 global aviation industry profit forecast to $23 billion, down sharply from a previous estimate of $41 billion. The revision reflects rising fuel costs and operational disruptions caused by the Iran conflict.

IATA projects Brent crude oil will average $95 per barrel in 2026, compared to $69 in 2025. The industry's total fuel expenditure this year is expected to reach $350 billion, up from $252 billion in 2025.

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