Price hikes and grounded planes: Air travel faces a ‘serious problem’

New York | Mothballed planes, rising ticket prices and fuel rationing. The war in Iran is disrupting air travel around the world in different ways, while airlines in Asia and the Middle East are being hit much harder than those elsewhere.

For weeks, Iran has blocked a substantial share of the global oil trade through a vital choke point, the Strait of Hormuz, causing the price of jet fuel to roughly double. Because fuel is a large part of the cost of flights, airlines are among the first businesses to feel the impact of the war.

Bloomberg