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Europe Could Face Jet Fuel Crunch Within Weeks, Airports Body Warns
The group said jet fuel prices have more than doubled and urged EU action to protect airport operations and summer travel.
- 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.
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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.
·Ireland
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If the situation in the Middle East does not unravel, there will be a very difficult summer not only for air flights but for the whole European economy: the content of the letter from the International Council of European Airports
·Italy
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Coverage Details
Total News Sources36
Leaning Left7Leaning Right9Center7Last UpdatedBias Distribution39% Right
Bias Distribution
- 39% of the sources lean Right
39% Right
L 31%
C 30%
R 39%
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