‘Inevitable’ jet fuel shortages will drive up air fares this summer, says Willie Walsh

Posted on May 14, 2026 by Admin

Impact of disruption from Iran war may be felt into 2027 even if strait of Hormuz reopens, says aviation body boss

Increases in air fares for travellers in Europe are “inevitable” over the peak summer period because of the high cost of jet fuel, according to the head of the international aviation body.

While some airlines faced with weak demand have reduced their European fares recently, Willie Walsh, the former British Airways boss who leads the International Air Transport Association, said there was no way carriers could absorb the extra costs in the long run.

Heathrow boss defends running of airport after criticism of shutdown

Posted on March 22, 2025 by Admin

Thomas Woldbye says most other airports operate similar back-up power systems to Heathrow, as Ed Miliband announces investigation

The chief executive of Heathrow has defended the running of the airport after a fire at an electrical substation stopped about 1,300 planes and disrupted the journeys of hundreds of thousands of global passengers.

It comes after Willie Walsh, the International Air Transport Association’s director general, criticised Heathrow for the disruption, while the energy secretary, Ed Miliband, has now ordered the National Energy System Operator to “urgently investigate” the outage.

Airline industry past worst point of Covid crisis, says trade body

Posted on October 4, 2021 by Admin

International Air Transport Association chief calls for simpler travel rules and fewer border restrictions to help sector recover

The International Air Transport Association (Iata) has said the airline industry is now over the worst of the Covid pandemic, but urged governments to simplify travel rules and open borders to help the aviation sector operate within a now “endemic” phase of the virus.

Total industry losses are expected to fall to $11.6bn (£8.5bn) in 2022, according to Iata forecasts, which would mean a cumulative loss of just over $200bn in three years as a result of Covid.

Markets plunge despite coordinated action by central banks

Posted on March 16, 2020 by Admin

Sharp losses recorded after US interest rate cut, as Bank of England hints at further support to combat turmoil

The FTSE 100 fell below 5,000 points on Monday and trading on Wall Street was suspended for the third time in a week as markets were gripped by mounting concerns over the threat of a global recession, despite a coordinated effort by central banks to protect growth and jobs.

In an escalation of the worst turmoil since the 2008 financial crisis, stock markets suffered further sharp losses on Monday despite dramatic action taken by the US central bank late on Sunday in an attempt to limit the economic impact of the coronavirus pandemic.