TAP CEO says airlines face tough years as fuel costs stay high
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TAP Air Portugal chief executive Luís Rodrigues warned that airlines will face tough years over the next three to five years.
Airlines expect to pull back long‑term growth plans because fuel costs remain high, which they attribute to the Iranian war; Delta Air Lines reported no significant demand drop despite a 20% average price increase; ITA Airways had 80% fuel hedges before the Iranian crisis but none after; Joerg Eberhart said they also try to raise prices; and Roberto Alvo said the industry has a cost problem, not a demand problem.