Global aviation incurs $22 billion in 3 days due to the Iran war
Shares of airline and travel companies fell yesterday, Monday, inflicting losses on the sector of about $22.6 billion, as a result of the escalation of the conflict between the United States, Israel, and Iran, which led to the disruption of flights around the world, the closure of major centers in the Middle East, and the rise in oil prices, amid warnings from analysts that the unrest would continue for weeks.
Data collected by it showed "Reuters" At least 4,000 flights were canceled around the world during the past three days.Dubai Airport, the busiest international airport in the world, and Doha Airport were closed for the third day in a row, leaving tens of thousands of passengers stranded as the aviation sector faces its biggest challenge since the Covid-19 pandemic.
On Monday, Jordan joined the list of countries in the region that have partially closed its airspace.
Oil prices jumped to their highest levels since January 2025, with Iran and Israel escalating their attacks, making Increased the probability of Fuel costs for airlines.
The war affected US airline stocks on Monday, as shares of American Airlines and United Airlines fell by more than 3% in the middle of the trading session.
According to data "Reuters"a group of 29 companies in the field of aviation, hotels and Tourism from Europe, Asia and North America accounted for a total of $22.6 billion in market value on Monday.
The company said "Sirim" Aviation Analytics said that at least 1,560 flights were canceled today, which means more than 4,000 flights were canceled since Saturday.
Shares of the company fell. "TUI"The Belgian company, the largest travel company in Europe, fell by 9.6%, while the shares of the German company Lufthansa fell by 5.7%, and the shares of the German company Lufthansa fell by 5.7%. "IAG"which owns British Airways, by 5.4%.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
