$1 Billion & Counting: The Cost To Gulf Carriers Of The Middle East Meltdown

One billion dollars. That’s the cost-to-date in lost revenue to the Gulf carriers since the firstUnited States–Israel strikes on Iran that began on February 28. These triggered retaliatory attacks and an immediate aviation crisis as large swathes of Gulf airspace were closed, major hubs went dark, and airlines scrambled to run only what could be safely cleared through ad-hoc “corridors” and repatriation missions.