Lufthansa cuts 20,000 summer flights as fuel prices surge

Lufthansa slashes 20,000 summer flights as US-Israel conflict with Iran drives jet fuel costs to record highs | Contesto: cronaca

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• Lufthansa cuts 20,000 summer flights as fuel prices surge

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Lufthansa announced it is cutting 20,000 flights from its summer schedule, becoming the latest major carrier to scale back operations as the escalating US-Israel war with Iran sends jet fuel prices soaring. The German airline, one of Europe’s largest, said the reductions will affect routes across its network, though it did not specify which destinations or time frames will be hit hardest. The move underscores the widening economic fallout from the Middle East conflict, which has disrupted global energy markets and pushed aviation fuel costs to levels not seen in years. The cuts come as the airline industry grapples with a sudden spike in operating expenses, driven by the conflict’s impact on crude oil supplies. Jet fuel, a refined product closely tied to oil prices, has surged in recent weeks as fighting between US-backed forces and Iran threatens key shipping lanes in the Persian Gulf and Strait of Hormuz. For Lufthansa, which had been planning a robust summer season to capitalize on pent-up travel demand, the decision reflects the harsh reality that fuel now accounts for a significantly larger share of its costs, squeezing margins and forcing capacity reductions. Lufthansa is not alone in this predicament. Airlines worldwide have been forced to reassess their schedules as the conflict enters its third month, with no signs of de-escalation. Carriers in Asia and the Middle East have already trimmed flights, and analysts warn that more cuts could follow if oil prices remain elevated. The situation is particularly acute for European airlines, which rely heavily on fuel imports passing through the affected region. Lufthansa’s announcement is likely to ripple through the travel industry, potentially leading to higher ticket prices for consumers and reduced connectivity for business and leisure travelers. The broader economic implications are significant. The surge in fuel costs threatens to reignite inflation in the transportation sector, which had been slowly cooling after pandemic-era disruptions. For Lufthansa, which employs over 100,000 people, the flight cuts could also affect jobs and supply chains tied to tourism and cargo. The airline has not indicated...

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Categoria: cronaca