European airlines warn of higher fares and fuel shortages
Airline chiefs warn that the Middle East conflict will raise ticket prices and threaten fuel supplies. The EU rejected industry calls to delay green mandates.
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European airline executives are warning that the ongoing conflict in the Middle East will lead to increased airfares and potential fuel shortages. The disruption follows a series of strikes involving Iran and Israel that began in late February, causing significant turmoil in global aviation with rerouted flights and closed airspace over the Gulf.
Ryanair Holdings plc Chief Executive Michael O’Leary highlighted the worsening outlook during an aviation summit in Brussels, noting that the situation becomes increasingly difficult as the conflict persists.
