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Published 14 days ago • loading... • Updated 13 days ago
Iran War Leaves European Airlines Ready for a Shakeout
Rising fuel costs and Middle East conflict are pushing weaker carriers toward sales, bankruptcies and restructuring, analysts and airline executives said.
As renewed conflict in the Gulf drives up oil prices, airline investors and industry executives see mounting signs that Europe's financially weaker carriers may be headed for a shakeout.
The rise in fuel prices, on the basis of the Middle East war, puts pressure on airlines that have come out weak from the COVID-19 pandemic. For some of them they could follow restructuring, mergers or even changes in ownership.