The company said the announcement signals a capacity decrease of less than 1% in available seat kilometers.

There are only 14 helium refineries worldwide, and helium supply was already rapidly shrinking before the current interruptions to sources in Qatar.

Customer expectations for uptime, reliability, and service quality are higher than ever. At the same time, organizations are managing increasingly complex assets, aging infrastructure, and growing pressure to improve efficiency and profitability.

Since the conflict began, the cost of filling a typical family car with petrol has risen by £14 ($18.20), while a typical tank of diesel has gone up by about £27.

The U.S. is apparently continuing its naval blockade on ships accessing Iran.

There are growing concerns that other airlines worldwide may reduce services as aviation fuel costs climb because of the war in Iran.

Tehran again shut the waterway following a refusal by the U.S. to lift its own naval blockade of Iran’s vessels.

“Would you be the first penguin off the ice floe to test the water?” one shipowner asked.

In the case of a prolonged conflict in the Middle East, energy markets and economies around the world need to brace for significant disruptions in the months to come. 

The intensifying standoff over the Strait of Hormuz has revived the push to open a safe shipping route for fertilizer and other goods to prevent a humanitarian crisis.