Fuel for Crisis: Airlines Feel the Pinch as Jet Prices Soar The Iran conflict has set off a chain reaction in the global aviation industry, sending jet fuel prices skyrocketing.
The latest casualty is Ryanair's decision to reduce its winter traffic target by 2 million passengers, citing high unhedged oil prices.
This development should come as no surprise to anyone following the Middle East drama. The conflict has disrupted global trade routes and sent shockwaves through energy markets.