Lufthansa grounds planes as Iran war hits fuel supplies
Lufthansa is grounding 31 planes as Nigerian carriers warn of shutdowns due to high fuel costs. The Iran war has disrupted supplies and forced fare hikes.
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The global aviation sector is facing an escalating crisis as the conflict between Iran and Israel severely restricts jet fuel supplies and drives prices to record highs. Since the outbreak of hostilities on February 28, airlines have scrambled to manage costs by introducing fuel surcharges, increasing ticket prices, and suspending several routes. Industry experts warn that fuel reserves could reach critical lows within weeks, threatening to disrupt the busy Northern Hemisphere summer travel season.
