• Due to the Iran war, oil prices have exceeded $100 per barrel, leading to soaring airfares and flight cancellations.
  • Tourists across Europe and beyond are adapting plans, choosing shorter trips, trains, and staying closer to home.
  • Airlines like Air France-KLM and Lufthansa expect huge increases in fuel costs, while low-cost carriers like Wizz Air and airBaltic face pressure.
  • Travelers are delaying decisions and booking last minute, with tour operators reporting a 10-25% drop in business.
  • The tourism and aviation sectors are among the most affected by the war, with prolonged peace talks pointing to a protracted standoff.