Rising fuel prices and disrupted Gulf air routes push global aviation into another major financial crisis
LONDON:The ongoing conflict involving Iran, Israel, and the United States has inflicted massive financial damage on the global aviation sector, with the world’s top 20 airlines reportedly losing around $53 billion.
According to international media reports, the war has significantly disrupted air traffic across Gulf regions, affecting major airports and forcing airlines to reroute or cancel flights. Industry analysts warn that the situation has pushed airlines into one of their worst crises since the COVID-19 pandemic.
A British newspaper reported that beyond operational disruptions, airlines are also facing the looming threat of fuel shortages. Since the outbreak of the conflict, jet fuel prices have nearly doubled, sharply increasing operating costs for carriers worldwide.
Experts caution that the surge in fuel prices could soon translate into higher ticket fares for passengers, adding further pressure on global travel demand. The aviation industry, which was still recovering from pandemic losses, now faces renewed uncertainty amid escalating geopolitical tensions.
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