SAS, the Scandinavian Airlines, is reported to cancel 1000 flights in April due to the US-Iran conflict and the closure of the Strait of Hormuz, which has pushed up oil prices and aviation fuel costs. According to reports, the price of aviation fuel has doubled within 10 days. Despite the company's efforts to absorb the rising costs, this shock is directly hitting the aviation industry. SAS had previously canceled hundreds of flights in March and has also increased ticket prices to cope with the rising fuel costs. Currently, the Strait of Hormuz remains largely closed, and US allies have refused to respond to Trump's call to reopen this key waterway. The Strait of Hormuz handles about one-fifth of global oil and liquefied natural gas transportation, and its continued blockage is further transmitting the energy shock to the European aviation market.
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Original article: toutiao.com/article/1860243361638411/
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