US EditionAsian Airlines Trim Schedules and Carry Extra Fuel as Supplies Tighten
Carriers in Vietnam, Europe and New Zealand are trimming schedules as some face fuel shortages and higher costs, with jet fuel near $195 a barrel.
- Airlines globally are reducing flight capacity and canceling routes as the Iran war disrupts jet fuel supplies, forcing carriers to implement immediate cost-saving measures.
- Iran's closure of the Strait of Hormuz in early March trapped oil shipments, sending jet fuel prices to $195 per barrel by late March, up nearly $100 from February.
- Regional carriers responded with drastic cuts: Batik Air Malaysia slashed domestic capacity by 36 per cent on April 6, while Vietnam Airlines and Air New Zealand suspended routes to conserve fuel.
- United Airlines CEO Scott Kirby said, "If prices stayed at this level, it would mean an extra $11 billion in annual expense," prompting the airline to cut off-peak flights throughout the year.
- International Energy Agency Executive Director Fatih Biro warned earlier this week that jet fuel scarcity affecting Asia will likely spread to Europe by May as global supply chains remain constrained.
11 Articles
11 Articles
Times of India
Air New Zealand hikes fares, cuts flights as fuel costs more than double on Iran war
Air New Zealand is cutting flights and raising fares for May and June. The Iran war is disrupting global air travel and increasing jet fuel costs. This is the second such move by the airline. Affected passengers will be notified soon. Major Middle East aviation hub closures are also impacting the sector.
Airlines are starting to cancel flights as they face jet fuel shortages and rising prices
United and other airlines are cutting flights over high jet fuel costs and shortages.Justin Sullivan/Getty ImagesJet fuel costs and supplies across the globe are under pressure from the US and Israeli war on Iran.Some major airlines are canceling flights in response.Air New Zealand and United Airlines both canceled flights.First, the war made flights more expensive. Now, it's making them disappear.The US and Israel's war on Iran has disrupted su…
The Sky Tax: How a Jet Fuel Crisis Is Grounding Flights and Reshaping Global Air Travel
Airlines are canceling flights. Not because of weather. Not because of labor disputes. Because they can’t get enough fuel — or can’t afford what’s available. A convergence of geopolitical turmoil, refinery constraints, and surging demand has pushed jet fuel prices to levels that are forcing carriers worldwide to make painful operational decisions. Routes are being trimmed. Frequencies are being cut. And passengers are absorbing the cost in the f…
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