Global Airfares Surge Amid Soaring Jet Fuel Prices, Ongoing US-Iran Conflict

Airlines, once confident in their financial resilience, are now navigating a volatile landscape due to geopolitical shocks Two million airline seats have been cut from this month’s schedules as airlines redraw their operations because of soaring jet fuel prices amid the Middle East conflict. Rescheduling in May could be followed by summer cancellations as Middle East war continues to disrupt fuel supplies. About 13,000 fewer flights will operate in May around the world after recent cancellations, according to data from the aviation analytics company Cirium. Since late February, airline ticket prices have surged for flights taking specific routes, exposing the…