The Israel-Hamas conflict has dealt a significant blow to airlines, causing a 20% drop in international flight bookings compared to 2019 levels in the three weeks following the start of the war, reports CNBC.
ForwardKeys data reveals a 5% decrease in bookings even before the conflict began. Major airlines suspended or reduced flights to Israel, impacting air travel demand globally.
United Airlines issued a profit warning due to pricier jet fuel and halted Tel Aviv flights. However, despite acknowledging the impact, Etihad Airways continues flying to Israel, emphasizing safety.
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