Airlines Are Already Preparing for an Oil Crisis

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The twenty largest listed airlines worldwide have lost about $53 billion in value since the beginning of the U.S. and Israel war against Iran, which began on February 28. The Financial Times reports, confirming that the air sector is going through the worst crisis by the pandemic. The companies are also concerned about a possible fuel shortage. The cost of aircraft propulsion has doubled since the beginning of the conflict and emergency plans ar…