RIO DE JANEIRO, June 9 — Airlines expect to carry more passengers this year but earn only half as much profit as in 2025, as high fuel prices don’t appear to be fully deterring travel, according to projections published Sunday. The International Air Transport Association (IATA) predicted its 370 member airlines, which account for 85 […]

LONDON, June 9 — As soaring jet fuel prices triggered by the Iran war send ripples across the global travel market, a wealthy elite of CEOs, celebrities and sports stars is flying by private jet in greater numbers than ever before, to glitzy events from the Monaco Grand Prix to the Cannes film festival. The

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For all the attention on inflation, the bigger surprise this year may be how resilient the region has been, says DBS chief economist Taimur Baig. Latest News

On Sunday, the seven members decided to increase targets by 188,000 bpd from July, OPEC said in a statement. Latest News

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If upskilling is being touted as the bridge to an AI future, it must lead somewhere, says Catherine Thorbecke for Bloomberg Opinion. Latest News

Airlines are also expected to protect margins by cutting unprofitable routes, while fares, which have surged since the outbreak of the Iran war, are unlikely to come down soon, Walsh said. Latest News

Breeze Airrways Chief Executive David Neeleman, who has worked in the airline industry through some of its most turbulent periods, including the Sep 11, 2001, attacks in the US and the pandemic, had a cautiously optimistic tone when asked about the state of the aviation business. Latest News