Lufthansa cancels 20,000 summer flights

The decision reflects the severe pressure the Iran war has placed on the global aviation industry, with jet fuel prices nearly doubling in recent months.

Lufthansa stated that the reduction in capacity is necessary to mitigate the financial impact of energy price volatility.

Other major carriers, including Air Transat and Aer Lingus, have also announced significant flight reductions for the summer season.

The move has sparked warnings of potential holiday chaos for millions of travelers as ticket prices are expected to rise across the sector.