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Middle East disruptions and high fuel prices halve airline profitability
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Middle East disruptions and high fuel prices halve airline profitability

The International Air Transport Association (IATA) released its latest financial outlook for the global airline industry showing a halving of profitability as a result of war-related Middle East disruptions and high fuel prices. The regional landscape, however, is highly differentiated. At the geographic centre of the Middle East war, airlines in the Middle East are expected to collectively fall into the red with weak demand and operational disruptions. All other regions are expected to deliver profits, but at reduced levels from previous projections.

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Oliver Wyman & Uni of California: Industry 5.0 is a driver of GDP

Industry 5.0 places human creativity and welfare, sustainability, and resilient systems at the centre of business and government strategies for the benefit of economies, societies and the planet. The combination of these elements can add $1tr annually to global GDP in addition to technology-driven profits, says 'The Industry 5.0 Index', created by the Oliver Wyman Forum and the University of California, Berkeley.

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House of Hackney: people, planet and profit

House of Hackney has launched a debt crowdfunding campaign with B-Corp bank, Triodos, and is issuing a bond with the aim of buying out its private equity partners to accelerate its mission “to leave our planet better than we found it”.