Aviation: World Federation Expects Further Airline Bankruptcies – Criticism of Boeing and Airbus

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Rising fuel costs, disrupted flight routes and delayed aircraft deliveries burden the industry. The global aviation association warns of a new wave of consolidation.

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The world aviation association IATA expects airlines to perish at the huge increases in kerosene prices during the war in the Middle East. Disappointment prevails over Boeing and Airbus.

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Airlines are facing a wave of bankruptcies and mergers with competitors, warns Willie Walsh, the head of the airline association IATA, which says a combination of expensive fuel, disruption of key routes and stalled deliveries of new aircraft is to blame.

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Airlines worldwide are struggling with higher fuel costs - some of them, according to the World Air Federation, are even threatening to collapse. However, the association praises a European airline.