Airlines and industry representatives say higher fares are likely in Europe this summer as costs rise amid disruption linked to the conflict involving Iran. Willie Walsh, director general of the International Air Transport Association (IATA), says carriers cannot continue “absorbing the cost” of ongoing disruption over the long term. Both outlets link the pressure to the possibility that the Strait of Hormuz is closed or disrupted, which affects jet fuel and flight routing. The Guardian also reports that the wider impact of the US-Israeli war involving Iran could extend beyond the immediate peak season, potentially being felt into 2027 even if the strait later reopens. In the shorter term, some airlines reduce fares to respond to weaker demand, but Walsh’s assessment is that these price moves will not offset the underlying cost pressures from fuel and disruption. The Daily Mail adds that airlines cancel more flights in May amid concerns about jet fuel prices and the security situation related to the Iran conflict.
IATA chief warns higher European air fares likely as Iran conflict disrupts flights
Airlines and industry representatives say higher fares are likely in Europe this summer as costs rise amid disruption linked to the conflict involving Iran. Willie Walsh, director general of the Inter...
- Willie Walsh, head of IATA, says higher fares in Europe this summer are likely.
- Walsh says airlines cannot indefinitely absorb the extra costs caused by disruption.
- Both reports connect the disruption to risks around the Strait of Hormuz affecting routes and costs.
- Some airlines adjust by reducing fares amid weaker demand, but cost pressures remain.
- The Guardian says effects could last into 2027 even if the strait reopens.
Impact of disruption caused by US-Israeli war on Iran may be felt into 2027 even if strait of Hormuz reopens, says aviation body headIncreases in air fares for travellers in Europe are “inevitable” over the peak summer period because of the high cost of jet fuel, according to the head of the international aviation body.While some airlines faced with weak demand have reduced their European fares recently, Willie Walsh, the former British Airways boss who leads the International Air Transport Association, said there was no way carriers could absorb the extra costs in the long run. Continue reading...
3 months agoIATA director general Willie Walsh said airlines will not be able to continue 'absorbing the cost' of disruption caused by the closure of the Strait of Hormuz in the long term.
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