Ryanair 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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Wiltshire Times
Ryanair boss warns passengers of disruptions in coming months
The Ryanair boss said jet fuel supplies could be disrupted in the coming months if the war in Iran continues.
derwesten.de
Iran War Meets Holidaymakers: Kerosene Is Getting Scarce – Ryanair Thinks About Flight Cancellations
Now holidaymakers are also feeling the consequences of the Iran war. Suddenly, Ryanair is thinking about flight cancellations.
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…
Ryanair warns Middle East war, fuel shortages could hit summer season flights
Ryanair CEO Michael O'Leary warned of potential jet fuel supply disruptions in Europe from June if the Middle East conflict persists, potentially forcing flight cancellations. While suppliers indicate stability until May, a prolonged conflict could impact 10-20% of fuel supply. Despite these concerns, Ryanair expects fares to rise 3-4% April-June.
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 …
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