EU names Apostolos Tzitzikostas as European Commissioner for Sustainable Transport and Tourism in 2024. Greek politician, born 1978.
Global airline profits are forecast to slump as jet fuel costs surge amid Middle East tensions. IATA now expects 2026 profits to fall to about $23 billion from $45 billion in 2025, with fuel accounting for over 31% of operating costs. Airlines respond with higher fares and route adjustments while governments consider airspace safety measures.
As of April 2026, United Airlines has increased checked baggage fees to $45 for the first bag and $55 for the second across the US, Mexico, Canada, and Latin America. JetBlue also raised fees, charging up to $49 for the first bag during peak times. These hikes respond to soaring jet fuel prices caused by Middle East tensions disrupting oil supplies, notably through the Strait of Hormuz.
Europe has faced jet fuel supply disruptions since late February due to the Iran war closing the Strait of Hormuz. Airports warn of shortages within weeks, risking flight cancellations and fare hikes this summer. Airlines like Ryanair and easyJet have reported fuel cost surges and potential operational impacts, while the EU plans to boost refining capacity to mitigate the crisis.
European airlines are shifting routes and cancelling flights due to a looming jet fuel shortage caused by the ongoing Iran war and Strait of Hormuz closure. The International Energy Agency warns Europe has about six weeks of fuel left, risking widespread disruptions this summer.
Tourism in Dubrovnik is up but faces renewed pressure as global fuel prices surge amid the Iran conflict. Officials warn flights may become pricier and arrivals could slow, even as Easter visitor numbers rise; fishing and local supply chains are also feeling the squeeze, prompting calls for government support.