An illustration showing a plane and calendar pages.
Global Analysis

Trouble in the Gulf: Our 2026 Half-Time Report

Global Analysis

Trouble in the Gulf: Our 2026 Half-Time Report

June 2026
33 min read
Gordon Smith and Jay Shabat
Subscribe Purchase ($55 USD)

Skift Take

The Iran war handed some European and East Asian carriers a windfall they didn't earn and handed every airline a fuel bill they couldn't avoid. The industry's pricing power has held — so far — but the second half will show whether that was resilience or just the absence of a better option.

Issue Overview

Six months into 2026, the airline industry looks very different from how the year began. War has redrawn global traffic flows, fuel prices have surged, Spirit has disappeared, consolidation has accelerated, and fortunes have shifted dramatically across regions. In this week's feature story, we take stock of the biggest winners, losers, and defining trends from a remarkable first half of the year.