Ryanair and TUI are affected by the Middle East conflict, which is driving up fuel costs due to the blocked Strait of Hormuz.
1 report, 1 independent
Updated Jul 26
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What happened
Ryanair and TUI are affected by the Middle East conflict, which is driving up fuel costs due to the blocked Strait of Hormuz.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Ryanair
low-cost airline of Ireland
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Tui
municipality of Spain
Nothing else this week.
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Hormuz
city in Hormozgan Province, Iran
Related events
- Iran and Oman are finalizing details regarding the Hormuz strait, while Russia faces drone strikes in Ukraine.
- AirBaltic suspends lucrative flights to Dubai, while Lufthansa backs the airline amid soaring jet fuel prices caused by the Iran war.
- The Strait of Hormuz faces geopolitical tension amid US-Iran diplomatic talks in Doha, while Nvidia and Microsoft contend in the AI market.
Coverage
Newest first; wire copies grouped- birminghammail.co.ukRyanair warns soaring fuel costs could wipe out rival airlines by December