Global airlines are cancelling flights at an unprecedented pace:

Airlines have cut 2 million seats and 12,000 flights worldwide from their May schedules over the last 2 weeks, reducing the total available seats to 130 million.

This comes as jet fuel costs have DOUBLED since the Iran war began, forcing carriers to cancel unprofitable routes, switch to smaller aircraft, and raise ticket prices.

Turkish Airlines and Air China account for the largest seat reductions, cutting ~520,000 and ~490,000 seats, respectively.

Lufthansa leads in flight cancellations, at ~4,000 flights in May alone, with the airline having removed 20,000 flights from its schedule between May and October.

Meanwhile, Gulf carriers, including Emirates, Etihad, and Qatar Airways, are still operating well below pre-conflict capacity, as the closure of Gulf airports has disrupted ~33% of all European journeys to Asia.