Introduction Global airfares have surged by nearly 25 percent as disruptions stemming from the ongoing war with Iran create a fuel supply and cost crisis for the aviation industry. A report from consultancy Teneo highlights a 24 percent increase in the lowest-priced economy tickets compared to last year, with long-haul routes experiencing the most severe impact [1]. Airlines are now calling for immediate government intervention to mitigate operational and financial challenges ahead of the critical summer tourist season. The price surge is directly tied to airspace restrictions and severe disruptions to oil supplies passing through the Strait of Hormuz, a critical global…
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