Global – Web Desk: The ongoing conflict involving Iran, Israel, and the United States has triggered severe disruption across the global aviation sector, with leading airlines reportedly suffering massive financial losses.
According to an international news agency report, the world’s top 20 airlines have collectively lost around $53 billion due to rising instability in Middle Eastern airspace and widespread route disruptions.
The impact has been particularly significant on Gulf aviation hubs, where flight cancellations and delays have increased sharply, causing major inconvenience for passengers and logistics operations.
British media reports suggest that the airline industry was already recovering from the effects of the COVID-19 pandemic, but the current conflict has created a new and deeper financial crisis.
Experts warn that ongoing instability in the region could further disrupt jet fuel supply chains, placing additional pressure on operating costs for airlines worldwide.
Market data indicates that jet fuel prices have nearly doubled since the escalation of hostilities, significantly increasing operational expenses for carriers.
Analysts also caution that rising costs are likely to push airfares higher in the coming weeks, directly affecting global travellers and international trade movement.
