Middle East conflict fuels airline bankruptcy risks, more mergers likely: IATA

Soaring jet fuel prices due to Middle East conflict are pushing budget airlines towards bankruptcy and industry consolidation, according to the head of the global airline body. Slow aircraft and engine deliveries are exacerbating these financial strains. Despite challenges, the low-cost model remains viable outside the U.S., and the industry is committed to its net-zero by 2050 target.