DUBAI: The Gulf’s aviation boom was built on a powerful combination of geography, accessible airspace, relatively cheap fuel and millions of passengers connecting between Asia, Europe and Africa. The Iran war has put all of those advantages under pressure at once, spiking oil prices, closing airspaces and damaging the regions burgeouning tourism industry. According to the International Air Transport Association, Middle Eastern airlines are forecast to swing from a $7.2 billion net profit in 2025

Source: Arab News