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Economy News

The Economic Times

Economy / The Economic Times

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Airline chiefs grapple with fuel shock, fare test at Rio summit

Global airline leaders gather in Rio de Janeiro facing a tough recovery test. The Iran war is increasing fuel costs and disrupting flight paths. Airlines are raising ticket prices and limiting flights to manage these challenges. A shortage of new aircraft also adds to their financial strain. Industry profits are expected to be lower than previously forecast.

6 Jun 2026 3:14 pm