Airlines

Jet fuel prices, which were around $85 to $90 per barrel before US-Israeli strikes on Iran, have soared to between $150 and $200

Jet fuel prices, which were around $85 to $90 per barrel prior to the conflict, have increased sharply to between $150 and $200 per barrel in recent days

The approvals, confirmed by Civil Aviation Minister K. Ram Mohan Naidu on social media, come in the aftermath of widespread flight cancellations and scheduling turmoil at IndiGo earlier this month

The FAA instructed airlines to cut 4 per cent of daily flights starting on Friday at 40 major airports because of air traffic control safety concerns

As the crisis entered a new phase following the US attack on Iranian nuclear sites, some airlines moved to cancel flights to hubs like Dubai and Doha

Airlines are also concerned about a potential spike in oil prices following the US attacks, which will increase the cost of jet fuel

Israel’s airports authority said the country’s airspace was closed for all flights, but land crossings with Egypt and Jordan remained open

The tally brings deliveries so far this year to around 243 aircraft, down 5 per cent from the first five months of 2024

Aviation has long recognised the batteries as a safety concern, and rules are periodically tightened in response to accidents