Aviation Industry Pivots Amid Rising Fuel Costs Policy Pressures
The Director General of the International Air Transport Association (IATA) urges the US and Europe to drive change in the aviation industry to address the challenges posed by high oil prices. He emphasizes relaxing foreign investment restrictions and promoting US-EU aviation liberalization to create a more flexible operating environment for airlines. High oil prices are eroding profits, and policy constraints are hindering development. Only through transformation can the industry survive. The call is for a proactive approach to navigate the current economic landscape and foster sustainable growth.









