Global airline profits projected to drop by half as jet fuel costs soar
Business trends
Industry chief expects mergers and acquisitions as carriers fight for survival
Japan Airlines and All Nippon Airways jets are seen at Haneda Airport in Tokyo. (Photo by Konosuke Urata)
RIO DE JANEIRO — Profits at air carriers worldwide will likely plunge by half this year, the top industry group predicts, as the prolonged Iran war depresses demand in the region and drives up jet fuel prices.
