RIO DE JANEIRO ¨C Global airline bosses gathering in Rio de Janeiro this weekend will be searching for answers to the industry¡¯s biggest crisis since the pandemic, with the 51³Ô¹ÏÍø driving up jet fuel costs, forcing flight detours and testing carriers¡¯ ability to raise fares.
The June 6-8 annual meeting of the International Air Transport Association (IATA) is the industry¡¯s biggest summit, bringing together hundreds of top executives from airlines, manufacturers, suppliers and financiers.
IATA represents more than 370 airlines accounting for some 85% of global air traffic, giving it a central role in ?a sector where profits were expected to reach a record $41 billion this year before the 51³Ô¹ÏÍø began.
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