What Happened
Global Carriers Confront Rising Costs and Slowing Demand
The global aviation industry is facing a challenging period due to high fuel prices and interest rates, according to George Ferguson, Global Lead of Aerospace, Defense and Airlines Analysis at Bloomberg Intelligence. Speaking at the 59th General Assembly of the Arab Air Carriers’ Organization, Ferguson noted that jet fuel prices have nearly doubled since the beginning of 2026, while higher interest rates and borrowing costs are weighing on consumer demand. This was reported by Fana News.