Airlines prepare to ground planes and furlough cabin crew amid deepening air travel crisis as Iran war doubles jet fuel prices
The conflict has upended routes between Asia and Europe that relied on Gulf hubs, while a tightening of jet fuel stock is hitting airlines hard.
Hormuz Blockade Economic Impact
- Virgin Atlantic raises its ticket prices by as much as £360 amid warnings jet fuel could run out in the 'near future' due to Iran war Daily Mail —
- Breaking: Virgin Australia to trim domestic flights, flags up to $40m extra fuel hit ABC News —
- European Union insists there is no shortage of jet fuel as war in Iran rages on NY Post —
- A 'systemic' jet fuel shortage is brewing in Europe — and flights could be hit hard CNBC —
- Hormuz Closure Sets Clock Ticking for Asia’s Rice Farmers Bloomberg —