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00:03The International Air Transport Association warned that global airline profits will fall
00:07by half in 2026 due to surging jet fuel costs tied to the U.S.-Iran conflict, according to CNBC.
00:14Ayata, outgoing Director General Willie Walsh, said average jet fuel prices will be 70% higher
00:20year-on-year, adding $100 billion to the industry's collective fuel bill.
00:24Net profits are expected to drop from $45 billion in 2025 to $23 billion in 2026, with
00:32net margins falling from 4.2% to 2.0%.
00:36Airlines with COVID-19 weakened balance sheets and Gulf carriers face the steepest impact.
00:41After the conflict began on February 28th, jet fuel prices rose 103% in March, month over
00:47month, and were up 62.4% year-over-year for the week-ending June 5th.
00:52For all things money, visit Benzinga.com.
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