cross-posted from: https://hexbear.net/post/7913343

The cost of jet fuel is skyrocketing, and the prices paid to refineries to process crude into fuel is higher than the cost of oil itself.

Tens of thousands of flights across the Middle East have been canceled, and air traffic re-routed to avoid Persian Gulf airspace.

Air travel to the Middle East is highly profitable to airlines, because of the revenue mix from upper-income tourists and business travel.

Western airlines were already at a competitive disadvantage to carriers in East Asia, because of the Russia problem: Asian airlines overfly Russia, saving operations costs and time, while carriers in the US, Canada, and Europe take far longer routes around Russian airspace.