Aviation Sector Faces Consolidation, IPO Delays Amid High Fuel Prices

Market News
1. IATA anticipates more airline failures and sector consolidation driven by persistently high jet fuel prices.
2. Breeze Airways has delayed its IPO due to market conditions and is now eyeing a potential listing in 2027.
3. Philippine Airlines reported a year-over-year capacity decrease of approximately 5%, primarily attributed to elevated fuel costs.