US-Israel war on Iran wipes $53 billion from global airline values
The world’s largest airlines have lost about $53 billion in market value since the US-Israel war against Iran began, the Financial Times reported.
The conflict has disrupted major Gulf aviation hubs and forced flight suspensions, triggering a sharp downturn in the industry.
Airline executives have also warned of potential fuel shortages as the war continues.
Jet fuel prices have doubled since late February, increasing operational costs and raising the likelihood of higher ticket prices for travellers.
An aircraft prepares to land at Santos Dumont airport in Rio de Janeiro, Brazil, on 16 June 2025. MAURO PIMENTEL / AFP
