A broader look at today’s business
Tails fins of passenger aircraft operated by American Airlines Group Inc. at Miami International Airport in Miami, Florida, U.S., on Wednesday, June 16, 2021. Daily U.S. air travelers exceeded 2 million for the first time since the coronavirus pandemic began, reaching almost three-quarters of the volume recorded on the same day in 2019, according to the Transportation Security Administration.
In all, airlines suspended fewer than half of all flights to Tel Aviv as of Sunday, based on data from Flightradar24.com. El Al Israel Airlines, the nation’s flag carrier, expanded its schedule over the weekend to repatriate countrymen, according to Ynet News. Turkish Airlines and its local rival Pegasus also continued to offer flights, providing options for those seeking to leave. Israel declared a state of war following the surprise attack by Hamas, with fighting continuing on Monday.
BA introduced a flexible booking policy allowing customers to change their travel dates free of charge. American Airlines, which operates a daily service to Tel Aviv from New York’s John F. Kennedy Airport, is doing the same over the coming days. Lufthansa on Monday suspended flights to Tel Aviv through October 14 after a security review.
Airline shares dropped. The Bloomberg World Airlines Index fell 2.6 percent on Monday. The conflict is driving up the price of oil and thereby aviation fuel, the single-biggest expense for airlines. Avoiding Israeli’s relatively small airspace will add complications for airliners crossing into major hubs in the Persian Gulf and beyond. Syria to the north has remained shut to many operators for years amid the country’s civil war, while Russian and Ukrainian fly zones have also been off limits to many airlines for more than a year.
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