MONTREAL - Airlines are facing higher fuel bills as they reroute flights to avoid airspace over Iran and Iraq due to recent heightened tension between Washington and Teheran, adding further financial pressure to an industry already contending with the prolonged grounding of Boeing's 737 Max jets.
Mark Zee, founder of OPSGROUP, which monitors global aerospace for risks that it shares with industry members, said rerouting to avoid Iranian and Iraqi airspace could add around 40 minutes to trips from Europe to Asia. Based on data from Flightradar24 and feedback from airline members, Zee said carriers are largely redirecting flights over parts of Saudi Arabia and Egypt.
In a piece of good news for the industry, oil futures fell over 4 per cent on Wednesday, retreating from an earlier four-month high, on a de-escalation of rhetoric from Washington and Teheran, and a realization that Iran's rocket attack did not damage oil facilities.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US aviation regulator bans airlines from flying over Gulf, Iraq, Iran after missile attackWASHINGTON: The US Federal Aviation Administration (FAA) said on Tuesday (Jan 7) it would ban US carriers from operating in the airspace over ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Airlines re-route flights away from Iraq, Iran airspace after missile attack on U.S. troopsWASHINGTON/MONTREAL (Reuters) - Several major airlines said on Wednesday they were re-routing flights to avoid airspace over Iraq and Iran after the Federal Aviation Administration banned U.S. carriers from the area following an Iranian missile attack on U.S.-led forces in Iraq. Tehran fired more than
Source: YahooSG - 🏆 3. / 71 Read more »
Airlines re-route or cancel flights around Iraq, Iran after missile strike on US troopsWASHINGTON/MONTREAL (REUTERS) - Major airlines cancelled Iran and Iraq flights on Wednesday (Jan 8) and re-routed others away from both countries' airspace following an Iranian missile strike on US-led forces in Iraq.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Iran launches missiles on Iraq base housing US troops: State TVBAGHDAD: Iran on Wednesday (Jan 8) launched a missile attack on an Iraqi airbase where US forces are based, threatening 'more crushing responses' ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Iran strikes back at US with missile attack at bases in IraqIran struck back at the United States for the killing of a top Iranian general early Wednesday, firing a series of ballistic missiles at two Iraqi bases housing U.S. troops in a major escalation that brought the two longtime foes closer to war. Iranian state TV said it was in revenge for the U.S. killing
Source: YahooSG - 🏆 3. / 71 Read more »
Philippines orders mandatory evacuation of citizens in Iraq amid soaring US-Iran tensionsMANILA - The Philippines has ordered the evacuation of its citizens in Iraq, as tensions between the United States and Iran escalated on Tuesday (Jan 7).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »