, Columnist
No, the Iran War Won’t Ground Your European Holiday Flight
Still, it’s not exactly clear skies for the airline industry
Photographer: Gareth Fuller - PA Images/PA ImagesMy family-and-friends WhatsApp chat tracks the ups and downs of commodity markets. Whether it’s when to switch utility provider or purchase olive oil, I’m everyone’s in-house analyst. Unsurprisingly, the question du jour is whether the US-Iran war will ground European summer holiday flights. For now, the answer is no.
Advising family and friends has no upside — and lots of downside. Thus, I have caveated my messages with the usual disclaimer: the US-Iran ceasefire may collapse and the war restart. But barring a worst-case scenario, the invisible hand of the market is already doing enough to keep most planes flying.