Gulf airlines recover slowly as Iran conflict drags
The war on Iran has impacted fares and demand, hit airlines that do not hedge against oil prices as jet fuel prices soar
Middle Eastern airlines, some of the biggest globally, have been hit hard by the Iran conflict that has seen attack drones and missile strikes across the Gulf region, disrupting busy airport hubs and redrawing traffic routes across the skies.
Major state-backed carriers in the region including Emirates, Etihad Airways, flydubai, Qatar Airways and Air Arabia, saw flight numbers drop to near zero after the initial 28 February strikes by US and Israeli forces on Iran.
Flight numbers from the key United Arab Emirates, which includes Abu Dhabi and Dubai, have slowly picked up since then, though remain well below pre-conflict levels, data compiled by Flightradar24.com shows.
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The recovery has not been even.
Flightradar24.com data show Dubai-based Emirates is back at nearly three-quarters of its pre-conflict capacity, with Air Arabia and Etihad at around half.
Flydubai is at around a third of its normal level, while Qatar Airways lags at just 20%.
The war on Iran has impacted fares and demand, hit airlines that do not hedge against oil prices as jet fuel prices soar, disrupted schedules in Europe and Asia, prompted airlines to warehouse planes and led to lengthy "flights to nowhere".
