Lufthansa cancels 20,000 summer flights

The global aviation industry is facing a major crisis as jet fuel prices have more than doubled since the start of the Iran war.

Lufthansa's decision to slash its summer schedule is intended to mitigate the financial impact of these rising costs on its regional subsidiaries.

Other major carriers are expected to follow suit, leading to widespread travel disruption and higher airfares for holidaymakers.

The EU energy commissioner has warned that the crisis is 'very serious' and could persist for months or even years.