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        <title>Global airline industry crashing, after just one week of war on Iran</title>
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        <description>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. Closing scene, Jiayuguan Pass, Gansu Resources and links: Airlines in Bear Market as Oil Poses ‘Existential’ Threat https://www.bloomberg.com/news/articles/2026-03-06/airlines-face-existential-threat-from-war-deutsche-bank-says Lufthansa:Wie kommt man jetzt noch nach Bangkok? https://www.zeit.de/wirtschaft/2026-03/lufthansa-europa-asien-nahostkrieg-flugverkehr Jet fuel refining margins are surging to 20-year highs amid Iran war, threatening airlines https://sherwood.news/markets/jet-fuel-refining-margins-are-surging-to-20-year-highs-amid-iran-war/ Deutsche Bank Warns Energy Shock “Existential Threat” To Airlines, May Force Some To Ground Fleets https://www.gulf-insider.com/energy-shock-existential-threat-to-airlines/ The hole in the sky: How Middle East airspace closures are reshaping global aviation https://www.aol.com/articles/hole-sky-middle-east-airspace-170414483.html Unfriendly skies https://www.reuters.com/graphics/UKRAINE-CRISIS/AIRLINES/klpykbmropg/ Chinese airlines grab market share from US and European carriers who have to fly around Russia https://youtu.be/LckP2YOpHOI Germany to release oil reserves in global push to tackle Iran war energy price surge https://www.reuters.com/business/energy/germany-release-oil-reserves-after-iea-request-minister-says-2026-03-11/</description>
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