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Aviation sector recovers from war losses
Under the title "Oil Peak Surpassed $120, and Jet Fuel Jumped 95%, More Than 23,000 Flights Canceled," the article explains that the aviation sector was significantly impacted by the war, which led to record-high oil and jet fuel prices. Brent crude oil exceeded $120 per barrel, and jet fuel prices surged by 95%, resulting in the cancellation of over 23,000 flights within a week and financial losses estimated at more than $3 billion for regional airlines. Many airlines also paused operations and postponed their flight schedules.
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