US EditionRyanair warns Middle East war, fuel shortages could hit summer season flights
Ryanair said 80% of its fuel is hedged, but O'Leary warned the remaining supply could face higher costs and disruption if the war continues.
- On Wednesday, Ryanair chief executive Michael O'Leary warned that European travelers could face severe jet fuel supply disruptions starting in early May if the Middle East conflict continues beyond April.
- The potential shortage stems from Iran's effective blockade of the vital Strait of Hormuz, a critical shipping lane for global oil and liquefied natural gas essential to global energy markets.
- While Ryanair remains reasonably well hedged on about 80% of its fuel, the airline pays around $150 a barrel for the remainder, with O'Leary estimating a 10% to 25% risk to supply through June.
- An Airlines UK spokesperson said carriers are "currently not seeing disruption to jet fuel supply," while Business Secretary Peter Kyle emphasized the country remains well supplied with critical infrastructure and fuel at this moment.
- EU energy commissioner Dan Jorgensen warned that "demand reduction is necessary" as the situation might worsen, with the bloc preparing to secure oil supplies amid potentially prolonged energy price effects from the conflict.
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72 Articles
According to Ryanair, disruptions in the supply of aviation fuel could affect holiday flights.
The CEO of Ryanair, Europe's biggest airline, warned that a quarter of its fuel supply is under threat
Ryanair CEO Michael O'Leary.Thierry Monasse/Getty ImagesThe CEO of Ryanair said fuel supplies could be at risk if the Iran war continues into May.Jet fuel prices have doubled since the war started, rising twice as much as oil.More Europeans are traveling closer to home over the Easter break, too, Michael O'Leary said.The boss of Europe's biggest airline has warned that jet fuel supplies could be at risk if the Iran war continues for another mont…
Another bad news for the world of the airlines. After the case of the low cost Spanish Volotea that yesterday announced a cut of the 1% of its flights, has arrived also the turn of Ryanair and Lufthansa. The Irish company has announced that the supplies of fuel to Europe could be interrupted from June if the conflict in the Gulf will not end within a month. For the managing director Michael O. Leary the lack of jet fuel could force the low cost …
Ryanair flights at risk and fares rising
While most people are focusing on Easter travel, Ryanair has issued a warning that flights in May and June could be affected – and ticket prices may soon increase. The airline says the situation depends on what happens next in the Strait of Hormuz, a key route for global fuel supplies. For now, flights are running normally. But behind the scenes, there’s growing concern about jet fuel deliveries… Source
Dorset Echo
Ryanair boss warns passengers of possible disruptions in May and June
The Ryanair boss said jet fuel supplies could be disrupted in the coming months if the war in Iran continues.
It is precisely during the main travel period that connections could be cancelled, warns the Ryanair boss. Because of scarce capacity, higher ticket prices are threatened.
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