Iran War Cost Brazil’s Airlines R$5.2 Billion (US$1 Billion) in Extra Fuel

Business: São Paulo Key Facts —Bill. Brazil’s airlines booked about R$5.2 billion (some US$1 billion) in extra fuel costs from the Iran war, the industry association said. —Who. The hit falls on the country’s three big carriers, Azul, Gol and Latam. —Cause. The war disrupted traffic through the Strait of Hormuz, driving jet-fuel prices sharply…