IATA: Middle East route interruptions and high oil prices halve profitability of the aviation industry.

According to the Zhixin Finance APP, the International Air Transport Association (IATA) has released the latest global aviation industry financial outlook. Due to the interruption of Middle East routes and soaring oil prices caused by war, the profitability of the aviation industry has halved. However, there are significant differences between regions. Middle Eastern airlines are at the geographical center of the war, and are expected to collectively incur losses due to weak demand and operational interruptions. Other regions are expected to achieve profitability, but at a lower level than previously forecasted.