German airline Lufthansa has announced it will cut 20,000 short-haul flights over the summer due to soaring fuel prices, which have rendered many journeys 'unprofitable' for the company.

Jet fuel prices have doubled since the escalation of the US-Israel war with Iran, which has disrupted production and distribution of fuel from the Middle East.

Several other airlines, including KLM and Delta, have also temporarily reduced flights or increased ticket prices to offset rising costs.

Analysts predict that travelers should be prepared for additional price hikes and more flight cancellations as the conflict persists.

The Gulf region is a crucial supplier of aviation fuel, meeting around 50% of Europe's needs, with significant deliveries coming through the Strait of Hormuz, which Iran has effectively blocked due to ongoing tensions.

Reports indicate that the Al-Zour refinery in Kuwait alone provides approximately 10% of Europe's jet fuel imports. The International Energy Agency warned that Europe may face fuel shortages in the coming weeks, although UK officials assert that there are currently no supply disruptions.

Lufthansa stated it would be streamlining its European network while maintaining access to global long-haul routes, suggesting this will be done more efficiently to save about 40,000 metric tons of jet fuel.

Starting Tuesday, the company implemented the first 120 of the planned flight reductions, impacting routes including those from Frankfurt to Poland and Norway. This decision follows last week's announcement of a rapid phase-out of its CityLine flight program, retiring 27 aircraft due to record fuel costs and labor disputes.