The International Air Transport Association (IATA) announced that Roberto Alvo, CEO of LATAM Airlines Group, has taken up duties as Chair of the IATA Board of Directors. His one-year term began at the conclusion of the 82nd IATA Annual General Meeting in Rio de Janeiro, Brazil, on 8 June 2026.
The global airline industry faces a dramatic profitability decline in 2026 as war-related disruptions in the Middle East, soaring jet fuel prices, and supply chain constraints reshape aviation. While passenger demand remains strong, regional fortunes are diverging, creating winners and losers across Africa, Asia-Pacific, Europe, the Americas, and the Middle East.
SOURCE: Global Airline Profits Halved in 2026 as Middle East War and Fuel Crisis Reshape Aviation BY: eTurboNews | eTN
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