New York Times: “The war in Iran is disrupting air travel around the world, but airlines in regions like the Middle East and elsewhere in Asia are being hit much harder than those in the United States.”
“For weeks, Iran has blocked a substantial share of the global oil trade through a vital choke point, the Strait of Hormuz, causing the price of jet fuel to roughly double. Because fuel is a large part of the cost of flights, airlines are among the first businesses to feel the impact of the war.”
“But airlines and the countries they operate in are exposed in different ways to rising fuel costs, flight restrictions and weakening demand.”
