Aviation leaders face Iran war fuel shock, rising fare prices at Rio summit

Global airline chiefs open their annual summit in Rio de Janeiro on Saturday facing a sharper test of the industry’s post-pandemic recovery, as the Iran war drives up fuel costs and disrupts airspace while carriers try to cushion the blow with higher fares and tighter capacity. The annual meeting of the International Air Transport Association (IATA), which runs until Monday, comes as ‌that fuel sh