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Jet Fuel Crisis Hits Airlines
The dual blockades of the Strait of Hormuz have squeezed global fuel supplies, causing prices to surge by nearly 20% compared to last year.
Airlines like Lufthansa and British Airways are already trimming their operations to cope with the rising costs and potential shortages.
Passengers are being advised to book their summer flights immediately before prices escalate further.
Even if military action ended today, aviation analysts say it would take months for the industry to achieve a full recovery.
Iran
Country in Western Asia
Country in Western Asia
Lufthansa
Flag-carrier and largest airline of Germany
Flag-carrier and largest airline of Germany
British Airways
Flag carrier airline of the United Kingdom
Flag carrier airline of the United Kingdom