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09.03.26 - 01:36
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Deutsche Bank Warns Energy Shock "Existential Threat" To Airlines, May Force Some To Ground Fleets (ZeroHedge)
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Deutsche Bank Warns Energy Shock "Existential Threat" To Airlines, May Force Some To Ground Fleets
Flight disruptions tied to Operation Epic Fury in the Middle East exceeded 14,000 by the end of last week. While there were early signs of normalization by mid-week, the global aviation industry remains disrupted, with some of the weakest airlines facing an increased risk that surging energy prices could lead to the idling of commercial jet fleets.
The epicenter of the disruption is Persian Gulf airports and airlines. As of Friday, ten countries had closed their airspace, either partially or completely, since Operation Epic Fury against Iran began one week ago, according to Flightradar24 data.
Despite ongoing IRGC drone and missile attacks across Gulf states - sometimes targeting civilian infrastructure such as airports - some airports began resuming flights by midweek, including Dubai, Abu Dhabi, and King Khalid International near Riyadh, Saudi Arabia. However, there are reports of a d...
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07.03.26 - 09:48
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Airline groundings expose depth of world travel′s reliance on Gulf corridor (The Guardian)
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Restart of operations will be a relief to those stranded but may not dispel doubts raised by past week about key transit hubAfter nearly a week of uncertainty, airspace closures and very limited flights, news that hundreds of thousands of passengers around the world were hanging on for emerged: the Gulf-based carrier Emirates was restarting operations in earnest despite the US-Israel war on Iran.Those relieved by the restart will include the UK's Foreign Office, after its travails in organising delayed rescue flights out of neighbouring Oman. Continue reading......
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