Iran War Oil Spike Threatens End to an Aerospace Golden Age
Airlines for years have been complaining about a lack of available jets. But the Iran war may mark a tipping point.
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Airlines have been retiring older, gas-guzzling jets at a historically low rate for the past five years as post-pandemic supply-chain bottlenecks and production challenges have capped deliveries of new planes. But if the recent spike in oil prices from the Iran war proves durable, airlines will be under pressure to pick up the pace.