Global energy crisis hits aviation

Aviation fuel costs have doubled since the onset of the Middle East conflict, leading to a systemic shock in the global travel industry.

Lufthansa Group has announced the cancellation of 20,000 flights, while other carriers like Air Transat and United Airlines are slashing capacity to manage soaring operating expenses.

Industry experts predict that ticket prices may need to rise by as much as 20% to offset the fuel surge, impacting millions of travelers.

The European Commission is currently considering emergency measures, including the redistribution of fuel stocks, to mitigate the impact on the regional economy.