Iran war upends aviation strategies [Yahoo! Finance]
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
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Source: Yahoo! Finance
Around 1.7 million weekly seats have been removed from the region's airline schedules so far, equal to around a third of prewar capacity, according to industry analysts OAG. Saudi-based airlines are operating near-normal schedules, but the larger carriers in Qatar and the UAE are not. Qatar Airways is seeking lower aircraft rental payments as a way to reduce costs, Bloomberg reported. Airlines from other regions, including British Airways, Germany's Lufthansa, and Hong Kong-based Cathay Pacific have cut back on services to the Gulf or pulled out entirely. At the same time, some have increased capacity on direct Asia-Europe routes that bypass the Gulf, although it is hard to make significant additions quickly, and at affordable prices for passengers A chart showing the average number of Gulf airline flights before and after the Iran war. — Dominic Dudley Recommended Stories
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