The global aviation industry is entering its worst crisis since the pandemic, caused by the closure of the Strait of Hormuz and the surge in jet fuel prices.

The price of oil doubled in just one month - from around 96 dollars per barrel in February to 197 dollars by March 20. Fueling a Boeing 737-800 that cost around 17,000 dollars at the end of February cost over 27,000 dollars a week later.

Major airlines lost approximately 53 billion dollars in market value since the start of the conflict. Deutsche Bank analysts warn: "Without short-term stabilization, airlines worldwide may ground aircraft, while weaker carriers may cease operations entirely."

Global airfare prices in early 2026 are 24 percent higher compared to previous years, with popular tourist routes seeing increases of 10-20 percent.

Several European countries are offering fuel tax relief or price controls, but support for the aviation industry remains limited.