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Airlines must determine if they will continue to pass jet fuel price increases to passengers in the form of fare increases or absorb those costs to attract more patrons.
Western airlines have rapidly increased capacity to Asia by reallocating aircraft from other routes.
KEY POINTS
- United and Delta expanded long-haul capacity by 11% and 12% respectively since the conflict began.
- Lufthansa is preparing crisis plans for potential jet fuel shortages amid ongoing Middle East instability.
- Turkish Airlines has gained market share, while Qatar Airways has been most negatively impacted.
- Planes now take longer routes over Georgia and Central Asia due to Iranian and Iraqi airspace closures.
COMPANIES
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