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A New Era of Higher Interest Rates – Another Headwind
25 September 2026

The US Federal Reserve raised its policy rate by 25 basis points on 16 September – the first increase since 2023.
CORSIA EEU Supply is Growing but not Fast Enough
18 September 2026

The supply of eligible emissions units (EEUs) under the ICAO Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) continues to grow, but it falls well short of the 200-250 million emission units that will be needed by January 2028.
Structural Shifts Increase Jet Fuel Crack Risks
11 September 2026

Fuel is the largest operating expense for airlines. Jet fuel costs more than crude oil, and the difference
between the two is called the jet fuel crack spread.
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