Airlines Avoid Iranian Airspace, Hiking up Flight Times and Fuel Costs

Smoke rises over Beirut's southern suburbs and their surroundings after strikes, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Sin El Fil, Lebanon October 3, 2024. REUTERS/Abdelaziz Boumzar
Smoke rises over Beirut's southern suburbs and their surroundings after strikes, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Sin El Fil, Lebanon October 3, 2024. REUTERS/Abdelaziz Boumzar
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Airlines Avoid Iranian Airspace, Hiking up Flight Times and Fuel Costs

Smoke rises over Beirut's southern suburbs and their surroundings after strikes, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Sin El Fil, Lebanon October 3, 2024. REUTERS/Abdelaziz Boumzar
Smoke rises over Beirut's southern suburbs and their surroundings after strikes, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Sin El Fil, Lebanon October 3, 2024. REUTERS/Abdelaziz Boumzar

Airlines are largely avoiding Iranian airspace in their flights over the Middle East, according to flight tracker FlightRadar24, lengthening flight times and hiking up fuel costs as worries over a retaliatory attack from Israel targeting Iran grow.

Turmoil in the Middle East in the last year has led to confusion and upheaval for aviation, prompting airlines to frequently change routes as they reassess the safety of the airspace in the region, according to Reuters.

"Most airlines have rerouted flights away from Iran, with the northern route taking flights through Azerbaijan, Turkmenistan, Afghanistan, Pakistan and India on their way to Asia, and the southern route flying over Egypt and Saudi Arabia," said FlightRadar24 spokesperson Ian Petchenik.

Some airlines have said they have resumed most of their operations across the Middle East since Iran hit Israel with a ballistic missile attack on Tuesday, leading to flight cancellations and delays.

Petchenik said most strategic changes to flights to avoid parts of the Middle East have been lifted in direct connection with the Tuesday attack.

Late on Wednesday, German group Lufthansa said it would resume flights to Erbil in Iraqi Kurdistan using a limited amount of Iraqi airspace, and will resume using Jordanian airspace on Thursday.

It added that flights to Tel Aviv, Beirut and Tehran will remain suspended for the time being.



Report: Arms Producers Saw Revenue up in 2023 with the Wars in Ukraine, Gaza

GROT C16 FB-M1, modular assault rifles system is seen at PGZ (Polska Grupa Zbrojna) arms factory Fabryka Broni Lucznikin Radom Poland, November 7, 2022. REUTERS/Kacper Pempel
GROT C16 FB-M1, modular assault rifles system is seen at PGZ (Polska Grupa Zbrojna) arms factory Fabryka Broni Lucznikin Radom Poland, November 7, 2022. REUTERS/Kacper Pempel
TT

Report: Arms Producers Saw Revenue up in 2023 with the Wars in Ukraine, Gaza

GROT C16 FB-M1, modular assault rifles system is seen at PGZ (Polska Grupa Zbrojna) arms factory Fabryka Broni Lucznikin Radom Poland, November 7, 2022. REUTERS/Kacper Pempel
GROT C16 FB-M1, modular assault rifles system is seen at PGZ (Polska Grupa Zbrojna) arms factory Fabryka Broni Lucznikin Radom Poland, November 7, 2022. REUTERS/Kacper Pempel

Major companies in the arms industry saw a 4.2% increase in overall revenue in 2023 with sharp rises for producers based in Russia and the Middle East, a new report said Monday.

The report by the Stockholm International Peace Research Institute, or SIPRI, said revenues from the top 100 arms companies totaled $632 billion last year in response to surging demand related to the wars in Ukraine and Gaza.

It said that “smaller producers were more efficient at responding to new demand."

By contrast, some major companies such as US-based Lockheed Martin Corp. and RTX that were involved in complex, long-term contacts registered a drop in earnings, according to The AP.

The 41 US-based arms companies among the world's top 100 saw revenues of $317 billion, a 2.5% increase from 2022, the report said.

Since 2018, the world's top five companies in the industry are Lockheed Martin Corp., RTX, Northrop Grumman Corp., Boeing and General Dynamics Corp.

Six arms companies based in the Middle East and in the world's top 100 saw their combined revenues grow by 18%, to a total of $19.6 billion.

“With the outbreak of war in Gaza, the arms revenues of the three companies based in Israel in the top 100 reached $13.6 billion,” the highest figure ever recorded by Israeli companies in the SIPRI reports, the institute said.

The slowest revenue growth in 2023 was in the European arms industry, excluding Russia. Revenue totaled $133 billion or 0.2% more than in 2022, as most producers were working on older, long-term contracts.

But smaller companies in Europe were able to quickly tap into the demand related to Russia's war against Ukraine.

Russia's top two arms companies saw their combined revenues increase by 40%, to an estimated $25.5 billion.

“This was almost entirely due to the 49% increase in arms revenues recorded by Rostec, a state-owned holding company controlling many arms producers,” the SIPRI report said.