Sky‑high losses: Iran war drives airlines to biggest crash since Covid – $50bn gone

Global airlines face their worst financial crisis since COVID-19 due to the Iran conflict, wiping over $50 billion off major carriers' market value. Soaring jet fuel prices, now double, threaten ticket price hikes and potential shortages. Executives warn of dampened demand from sustained high fares, while Middle Eastern airlines are hit particularly hard by airspace closures and tourism collapse.

By TOI BUSINESS DESK