Trump’s War Sends Airlines Scrambling in Mass Cancellations
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Trump’s war with Iran is starting to hit Americans where it hurts—air travel.
As the conflict approaches its eighth week, the airline industry is showing early signs of strain after the White House’s initial prediction of a four- to five-week fight proved wildly optimistic.
Iran’s closure of the Strait of Hormuz, a critical chokepoint responsible for transporting roughly a fifth of the world’s oil, has sent jet fuel costs soaring, triggering what analysts are calling the largest global oil disruption in modern history.
Gas prices peaked at a nationwide average of $4.17 per gallon, and jet fuel prices doubled in the first few weeks.
https://www.thedailybeast.com/trumps-war-sends-airlines-scrambling-in-mass-cancellations/">Read more at The Daily Beast.
- Airline industry faces a shakeup as jet fuel hits hard Axios —
- Air Canada suspends all summer flights to New York’s JFK airport on Iran-surging fuel price Fortune —
- Airline Bankrupted by Trump’s Soaring Fuel Prices Pleads for Bailout Daily Beast —
- Struggling Spirit Airlines 'pleads for help from Trump' as financial collapse looms Daily Mail —
- Spirit Airlines asks Trump administration for emergency bailout as it faces liquidation over rising fuel costs: reports The Independent —