• The conflict between the US-Israel and Iran has impacted the global aviation industry, leading to flight cancellation, surging operating costs, sharp increases in airfares, and heightened risks of jet fuel shortages.
• The Middle East, which is the world’s aviation hub and a key gateway connecting regions, is facing a crisis. During February 28 to March 18, 2026, more than 40,000 international flights were canceled or delayed. Airline operating costs have risen as jet fuel prices surged by over 76%, pushing average airfares up by more than 70%, with a high likelihood of remaining elevated.
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