Airlines have slashed approximately two million seats from their May schedules within the last two weeks, as escalating concerns over the Iran conflict threaten to drive jet fuel supplies to critically low levels.
Renewed Hostilities and Fuel Price Spike
Iran resumed hostilities last night, launching missiles at US ships and oil storage sites in the United Arab Emirates, causing another surge in crude oil prices. In response, airlines have proactively started reducing capacity, anticipating a prolonged conflict.
Cirium Data Shows Significant Cuts
According to aviation analytics firm Cirium, the total number of seats available across all carriers in May dropped from 132,619,704 in mid-April to 130,674,864 in late April. Over the same period, total flights fell by more than 13,000, from 859,167 to 846,162.
Gulf Carriers Hit Hardest
Gulf airlines such as Qatar Airways, Etihad, and Emirates have been severely impacted by Middle East airspace closures and airport disruptions since February 28, coupled with rising fuel costs. These carriers have been forced to make substantial schedule adjustments.
European and US Airlines Affected
European operators including Lufthansa, Air France-KLM, and SAS have also trimmed their schedules in recent weeks. Meanwhile, US low-cost carrier Spirit Airlines has gone out of business following the closure of the Strait of Hormuz, through which 20% of global crude supply passes.
Lufthansa and Air China Lead Cancellations
Lufthansa recorded the highest number of seat cancellations, cutting 20,000 flights between May and October. Air China ranked second, axing numerous domestic services, as reported by the Financial Times.
Ryanair Warns of Further Cuts
Ryanair CEO Michael O'Leary has warned rivals that Europe's largest airline is now 'desperately' searching for flights to cancel, with expected announcements within weeks.
