Spirit Airlines Won't Be The Last: IATA Chief Warns More Carriers Could Fail As Iran War Drives Up Fuel Costs

Benzinga_recent_news06-07

Global airlines could face more bankruptcies and consolidation this year as soaring jet fuel prices driven by the Iran war push budget carriers to the brink, the head of the global airline body warned...

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Sen. Elizabeth Warren has publicly opposed the move, warning it would create an airline twice the size of its nearest competitor and leave consumers paying the price through higher fares.\nAt the same time, slower-than-expected development of sustainable aviation fuels is threatening the industry’s goal of reaching net-zero emissions by 2050. 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