Airlines Are Already Preparing for an Oil Crisis

Airlines Are Already Preparing for an Oil Crisis

With the Iran war doubling oil prices, experts say the airline industry’s belt-tightening is an economic canary in the coal mine for the rest of the world.

The war withIran and ensuing blockade in the Strait of Hormuz, a critical shipping lane, has spiked oil prices and sent governments scrabbling for their reserves. How high will prices go, and how bad… [+3453 chars]