Airline chiefs grapple with fuel shock, fare test at Rio summit

RIO DE JANEIRO, June 6 (Reuters) – Global airline chiefs open their annual summit in Rio de Janeiro ?on Saturday facing a sharper test of the industry’s post-pandemic recovery, as the Iran war drives up fuel ?costs and disrupts airspace while carriers try to cushion the blow with higher fares and tighter capacity. The June 6-8 annual meeting of the International Air Transport Association (IATA) comes as that fuel shock collides with another problem airlines cannot quickly fix: a shortage of new aircraft. Sign up here. IATA, which represents more than 370 airlines ?accounting for about 85% of global air…