Attention Flyers: These airlines are cancelling flights, hiking ticket prices as Iran war squeezes jet fuel supply
Mint·2h ago·Neutral
What Happened
At least 20 airlines worldwide are cancelling flights and raising ticket prices due to soaring jet fuel costs from Middle East tensions. Lufthansa will cut 20,000 short-haul flights over six months. Higher fares expected during peak summer season as Strait of Hormuz blockade disrupts oil transportation and fuel supplies tighten.
Key Entities
LufthansaIran warStrait of HormuzJet fuel pricesAirlinesFlight cancellations