Global Air Transport Under Attack: Conflict in Iran Drives Up Fuel Prices 0 12

The conflict in Iran has become a catalyst for a dramatic rise in aviation fuel prices, leading to widespread flight reductions around the world. Bloomberg, citing major airlines, warns passengers: prepare for new challenges. The situation is expected to worsen in the coming months as carriers are forced to suspend flights, and all 20 of the world's largest airlines have already cut their schedules.

Large-Scale Flight Reductions

Among the latest to announce tough measures is Dutch airline KLM, which stated it would cancel 80 flights to and from Amsterdam's Schiphol Airport as early as May. Industry giants such as United Airlines, Lufthansa, and Cathay Pacific Airways also find themselves in a similar position, having to cut their routes to minimize financial losses.

Industry Leaders' Opinions

Delta Air Lines Inc. CEO Ed Bastian expressed deep concern, reporting colossal additional fuel costs this quarter reaching $2.5 billion. He emphasized the seriousness of the situation: "Any flights we operate at the edge of viability, not yielding the desired profit, are likely to be reconsidered."

Fuel Shortages and the Future of Aviation

Bloomberg notes with alarm that the current situation will pose a severe test for the entire global aviation industry. The question of the physical availability of aviation fuel for all is becoming increasingly acute and unpredictable. The International Energy Agency has already warned that supplies in Europe will last only six weeks, while some experts provide even more pessimistic forecasts — no more than until mid-May.