Higher Europe Air Fares Inevitable Due to Iran War, Says Industry Lead The closure of the Strait of Hormuz has sent shockwaves through the global aviation industry, with many predicting a sharp increase in air fares for European travelers.
At the heart of this concern is the soaring cost of jet fuel, which has become a major headache for airlines operating in the region.
Willie Walsh, head of the International Air Transport Association (IATA), notes that the high price of oil is unsustainable for carriers.