At the IATA summit in Rio, Europe's biggest airlines urged the EU not to expand its Emissions Trading System to cover outbound international flights. The industry argues the move would raise ticket prices and that sustainable aviation fuel currently meets less than 1% of fuel needs, making net-zero by 2050 targets nearly impossible. The article also highlights that jet fuel prices are expected to be 70% higher across 2026 due to the Iran conflict, and that delivery delays from Boeing and Airbus are forcing carriers to keep older, less efficient aircraft in service. IATA represents about 85% of global air traffic and has halved its net profit forecast for the industry.
