Tuesday marked Day 18 of the war in Iran.
Oil prices are fluctuating, but high — around $95 a barrel on Tuesday. Commercial air space in much of the Middle East remains closed. And at airports in the U.S., lines keep getting longer as the partial shutdown of the Department of Homeland Security stretches into a second month and
more TSA agents call off. All of this is adding up for airlines.
“That is putting extreme financial pressure on airlines,” said Charles Duncan, a partner at AltitudeX Aviation Group. Duncan said no one has any idea how long those high fuel prices will last. “Which makes it nearly impossible to plan for,” he said. “So I think everyone is taking it day to day, week to week.” |