Long-haul destination holidays under threat due to shortage of jet fuel

Long-haul destination holidays under threat due to shortage of jet fuel

Long-haul holidays could be at risk if the Middle East crisis continues, as jet fuel costs keep rising and there’s now a risk that airlines will be forced to cancel flights. Some airlines are considering axing their long-haul routes due to the shortage of jet fuel caused by the war in Iran. Following the Strait of Hormuz closure and ongoing oil price uncertainty, jet fuel prices have risen sharply from $90 to $200 per barrel, and traders expect …