PNN – The sharp increase in jet fuel prices following the US-Israeli war against Iran and disruptions in the Strait of Hormuz forced American Airlines to temporarily suspend some of its summer flight routes, a decision that came as pressure on the global aviation industry intensified.
According to the report of Pakistan News Network; American Airlines said Thursday it will temporarily suspend some routes this summer as soaring jet fuel prices continue to strain airline budgets, a situation exacerbated by the Iran war.
The airline said in a statement that “select routes” will see flight changes in August and September, with passengers offered rebooking or refunds.
The Texas-based carrier cited rising fuel costs as the reason for the decision, stressing that the changes are in line with broader industry trends. American Airlines also said it would not permanently eliminate any of its routes and that it prides itself on “offering one of the industry’s most extensive flight networks, with more flights than any other airline in the U.S.” However, the summer flight suspensions could cause additional hardship for travelers who are already facing fewer flight options and higher fares.
The Associated Press says: Airlines around the world have canceled or reduced flights and cut some services and benefits in recent months to save money, largely due to rising jet fuel prices, which account for about 30 percent of airlines’ total costs.
Jet fuel prices averaged nearly $142 a barrel last week, down from their April peak, but still well above the $99 price before the US-Israeli war on Iran began in late February, according to the International Air Transport Association (IATA). Much of the traffic in the Strait of Hormuz, a key route for the world’s oil, has been virtually halted for the past three months.
Despite a relative decline in prices in recent days in hopes of reopening the crossing, there is still no concrete agreement between the US and Iran, and the continued closure of the route could exacerbate the energy crisis. These pressures are not limited to the aviation industry, with consumers also being affected by these supply shocks in sectors such as gasoline, food, and other essential goods.
American Airlines did not provide further details about the routes suspended in August and September. However, some US media outlets have reported that six routes, mainly originating from Los Angeles and some other points in North America, are affected by the decision.