EU Aviation Agency Warns Airlines to Avoid Iran and Iraq Airspace
✈️ EASA — European carriers just lost Iran and Iraq airspace mid-escalation. 📌 LOOK CLOSER: EASA's ban removes one of Europe's primary Asia overflight corridors. Carriers reroute south or north, adding hours and fuel costs per leg. With Brent elevated and tanker insurance spiking, airlines absorb a third cost shock simultaneously. For Italian and European flag carriers, thin margins now meet wartime operating costs — and the conflict shows no sign of contracting.
