FT: Global Airline Market Values Drop $53B Since War Began, Jet Fuel Costs Double

The Financial Times has reported that since the start of the US-Israel war against the Islamic Republic on February 28, the combined market value of the world's top 20 airline companies has dropped by approximately $53 billion. The newspaper says the aviation industry is now facing its worst crisis since the COVID-19 pandemic, exacerbated by disruptions at Gulf hub airports and grounded flights. According to the report, airline executives have also warned of potential fuel shortages as the war enters its fourth week. The Financial Times wrote that jet fuel prices — which account for approximately one-third of airline operating costs — have doubled since the start of the war, which could lead to higher ticket prices. Other reports also indicate that sharp increases in fuel costs and flight restrictions in the region have put widespread pressure on airlines, forcing some to reduce capacity, cancel flights, and revise operational plans.