In recent weeks, airlines have cut nearly 2 million passenger seats on flights in May. Total supply has dropped from 132 million to 130 million seats. This was reported by Ixbt.com xabar.
This was caused by a sharp rise in fuel prices and logistical problems.
The rise in aviation fuel prices following the escalation of the situation around the Strait of Hormuz became the main factor. As a result, carriers began mass canceling flights or replacing aircraft with smaller capacity ones.
Routes between Europe and Asia suffered the most. In particular, Lufthansa reduced its flight program by canceling about 20,000 flights in the period from May to October.
Restrictions on Asian aviation connections and fuel rationing in some countries are further complicating the situation. This has led to a significant imbalance between supply and demand in the global aviation market.
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