Iran War Creates Winners and Losers Among European Airlines
✈️ AVIATION — Some European carriers are winning this war. Others are bleeding it. 📌 LOOK CLOSER: Hormuz closure and airspace rerouting have split European aviation into winners and losers. Carriers with Gulf route exposure face fuel surcharges and longer hauls; those with Atlantic or domestic focus absorb displaced business travel. If Hormuz stays blocked through Q3, fuel hedging gaps widen and weaker balance sheets face a structural cost crisis, not a temporary shock.
