Gulf carriers resume limited flights, but missile fire fuels uncertainty
As of Thursday, traffic at Dubai airport, normally the world's busiest, had almost doubled from Wednesday, but remained only about 25% of normal levels.
Emirates and Etihad Airways were resuming limited flight schedules to key global cities from their United Arab Emirates hubs on Friday (6 March), though the threat of missile fire piled pressure on airlines as they scramble to accommodate travellers.
With most airspace in the Middle East still closed over missile and drone concerns since the start of the US-Israel war against Iran, authorities have been arranging charter flights and securing seats on limited commercial services to evacuate tens of thousands of people.
A government-chartered Air France flight to bring French nationals back from the United Arab Emirates was forced to turn back on Thursday due to missile fire in the area, French Transport Minister Philippe Tabarot said.
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"This situation reflects the instability in the region and the complexity of repatriation operations," he said.
Britain's first repatriation flight from Oman landed at London's Stansted Airport early on Friday after being rescheduled due to operational issues, including delays in boarding passengers.
Abu Dhabi-based Etihad said on Friday it would resume a limited flight schedule through 19 March. The flights will operate to and from Abu Dhabi and around 70 destinations including London, Paris, Frankfurt, Delhi, New York, Toronto and Tel Aviv.
As of Thursday, traffic at Dubai airport, normally the world's busiest, had almost doubled from Wednesday, but remained only about 25% of normal levels, flight-tracking website Flightradar24 said.
Dubai-based Emirates said late on Thursday it was operating a reduced flight schedule to 82 destinations including London, Sydney, Singapore and New York until further notice, and customers transiting in Dubai would only be accepted if their connecting flight was operating.
The limited operations at Middle Eastern hubs have hit travellers on routes from Europe to the Asia-Pacific region particularly hard.
Combined, Emirates, Qatar Airways and Etihad normally fly about one-third of passengers from Europe to Asia and more than half of all passengers from Europe to Australia, New Zealand and nearby Pacific Islands, according to Cirium data.
Qatar's Doha hub remains shut, though it has been arranging a limited number of relief flights from Oman and Saudi Arabia.
Data from Cirium showed that from 28 February - when the conflict started - to 5 March, there were more than 44,000 flights scheduled in and out of the Middle East, with more than 25,000 flights cancelled so far.
Malaysia Airlines said it would add extra flights from Kuala Lumpur to London and Paris from Friday to Sunday to support disrupted travellers, while SriLankan Airlines said it would operate an additional flight between Colombo and London on Sunday.
Jet fuel prices soar, shares fall
Higher oil prices have sent jet fuel costs soaring, with Singapore jet fuel reaching a record high of $225 a barrel this week, which traders attributed to concerns about supply shortages from Middle Eastern refiners.
The price eased on Thursday to about $195 a barrel after some profit-taking but remained nearly double that of last week.
"As well as lost revenue, airlines are likely to be affected by higher fuel prices," Fitch Ratings said.
Fuel hedging varies by airline, but Fitch said most carriers in Europe, the Middle East and Africa were about 50% to 80% hedged for the next three months.
In Asia, shares of Qantas Airways fell more than 1% on Friday, Air New Zealand plunged 6.4%, Hong Kong's flagship carrier Cathay Pacific dropped 1%, Singapore Airlines was down 0.6%, while Korean Air Lines fell 2%.
The Hong Kong-listed shares of major Chinese carriers including Air China, China Eastern Airlines and China Southern Airlines were mostly flat, as were Japan Airlines' shares.
Travellers describe chaos in scramble to leave
With the conflict showing little sign of easing, wider aviation and air cargo disruption looked set to linger.
Passengers have been forking out huge sums of money to get out of the Middle East, with some who managed to travel back by commercial flight on Thursday from Oman saying it had been "absolute chaos" to find their way back home from Dubai.
"We paid 1,500 pounds ($2,005.05) to get across to Muscat (Oman) to get on the plane," said Ed Short after he arrived at London's Heathrow Airport on a British Airways flight.
"We'd spent about 20,000 pounds booking Emirates flight instead. So we're hoping we get those back."
