US EditionEU Airline Industry Warns of Fuel Shortages Within 3 Weeks if Strait of Hormuz Stays Closed
ACI Europe said a supply crunch could disrupt summer travel and significantly harm the European economy, citing 14 million jobs tied to air connectivity.
- On Friday, Airports Council International Europe warned that the continent could face a systemic jet fuel shortage within three weeks, calling for urgent action ahead of the "peak summer season."
- The U.S. and Israel's war with Iran, which began February 28, has closed the Strait of Hormuz, halting a critical energy route where around 20% of the world's oil previously passed.
- Jet fuel prices have surged to between $150 and $200 per barrel, prompting airlines like Lufthansa and Ryanair to develop contingency plans; CEO Carsten Spohr and CEO Michael O'Leary are weighing flight cancellations.
- ACI director general Olivier Jankovec requested that the European Commission map fuel availability and lift import restrictions, suggesting collective purchasing to mitigate "harsh economic impacts" on Europe.
- Air connectivity generates 851 billion euros in GDP for the European Union and supports 14 million jobs; without stable fuel supplies, the industry risks "significantly" harming the broader European economy.
104 Articles
104 Articles
Europe could run out of jet fuel within the next three weeks if the flow of oil through the Strait of Hormuz is completely cut off. Possible flight cancellations in the EU and the UK ahead of the summer holiday season have already sparked concern.
Madrid. The air sector of the European Union (EU) will suffer a widespread shortage of aircraft fuel if transit through the Strait of Ormuz, closed by Iran following the offensive launched by the United States and Israel against the country, in the next three weeks, according to estimates by the European division of the International Airport Council (ICA).
The first warnings due to potential fuel supply problems due to the difficult situation in Ormuz begin to ring and come from the air sector. In less than a month, Europe may suffer from a shortage of kerosene for aircraft, according to the European section of the International Airport Council (ICA) in a letter sent to the European Commission this Thursday. “If transit through the Strait of Ormuz does not resume significantly and stable in the ne…
Europe’s Jet Fuel Shortage Arriving in Weeks
Europe could face a jet fuel shortage within three weeks if flows through the Strait of Hormuz remain restricted, according to the region’s airport industry group. ACI Europe warned that a continued disruption would leave airports and airlines short on supply during the start of the peak summer travel season. In a letter to EU officials, the group said a shortage would quickly ripple through the aviation system and hit economic activity across t…
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