The International Air Transport Association (IATA) has cut its 2026 net profit forecast for African airlines to $100 million, down from the $200 million projection in December 2025.
The International Air Transport Association (IATA) has warned that global airline profits will fall sharply in 2026, driven by war-related disruptions in the Middle East and a 70% surge in jet fuel prices.
Rising Passenger Traffic Drags Air Cargo Demand Lower
Global air cargo demand suffered a setback in March 2026, falling by 4.8 per cent year-on-year, even as passenger traffic continued its upward climb with a 2.1 per cent increase over the same period. This is according...
The International Air Transport Association (IATA) has warned that global jet fuel supply may take months to recover even if the Strait of Hormuz reopens under the US‑Iran ceasefire agreement.
Domestic Airlines Generate $449.7m in GDP Yearly - IATA
Domestic airlines are contributing significantly to the nation’s economy, with a direct impact of $449.7m annually and the creation of 29,900 jobs, according to the International Air Transport Association (IATA).
The data, contained in IATA’s recent report...