JAKARTA - Tensions in the Persian Gulf region triggered by the US-Israeli attack on Iran caused losses of up to 53 billion US dollars (equivalent to almost Rp900 trillion) for the world's 20 largest open airlines, according to calculations by the Financial Times.
The daily reported that airline management continues to warn of the impact they could face on rising oil prices, disruptions at Gulf region airports, and a global demand slump.
The Financial Times also said that in the coming months, passengers planning to depart on routes that are not even related to the Middle East could face a drastic increase in airfare prices.
This is happening as airlines struggle to keep their revenues afloat, according to the Financial Times.
On February 28, the US and Israel launched a joint attack on Iran, including Tehran, causing infrastructure damage and casualties.
Iran then carried out retaliatory attacks against Israeli territory and US military bases throughout the Middle East.
The US and Israel initially claimed the attack was necessary to counter the threat from Iran's nuclear program, but it was later clear that they actually wanted a change of power in Iran.
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