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.
65 Articles
65 Articles
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…
Airports have warned that in Europe there could be a fuel shortage for aircraft within three weeks if oil supply does not begin to run through the Ormuz Stream, which reduces concerns about cancellation...
The air sector of the European Union 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, is not resumed in the next three weeks, according to estimates by the European division of the International Airport Council (ICA).
Airports Council Europe International calls on the European Commission to take immediate action to ensure capacity in view of increased summer travel demand
Europe could face jet fuel crunch within weeks
Europe's airport industry group has warned that the continent could face a systemic jet fuel shortage in three weeks unless the Strait of Hormuz opens up, calling for urgent EU-wide action to secure supplies ahead of the peak summer travel season.
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