Airlines across the world are cutting flights and increasing ticket prices as a sharp rise in jet fuel costs and supply concerns disrupt travel plans. Around 2 million seats have been removed from May schedules in recent weeks, as carriers respond to uncertainty triggered by the Iran war, according to data from Cirium cited by the Financial Times.
The conflict has pushed jet fuel prices to nearly double since late February and disrupted key routes through the Gulf, which earlier connected a large share of Europe-Asia travel. Airlines have cancelled thousands of flights and shifted to smaller or more fuel-efficient aircraft to conserve fuel and manage rising costs.
