Vahid Online in English

Automated AI translations of Vahid Online reporting. Exported from the Telegram Channel. Original content also available on X/Twitter.

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22 Mar 2026, 14:48

The Financial Times has reported that since the start of the war between the U.S. and Israel against the Islamic Republic on February 28, the market value of 20 major airlines worldwide has decreased by about $53 billion. The newspaper states that the aviation industry is now facing its most severe crisis since the COVID-19 pandemic; a crisis exacerbated by disruptions at Gulf hub airports and grounded flights.

According to the report, airline executives have also warned of a potential fuel shortage, as the war enters its fourth week. The Financial Times noted that the price of jet fuel, which accounts for about one-third of airline costs, has doubled since the war began, and this could lead to an increase in airfare prices.

Other reports also indicate that the sharp rise in fuel costs and flight restrictions in the region have put significant pressure on airlines, forcing some to reduce capacity, cancel flights, and reassess their operational plans.
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