What lagging jet fuel supplies could mean for airlines and travelers
PBS • • world
Key Points:
- The closure of the Strait of Hormuz due to the Iran war is causing a looming jet fuel shortage in Europe and Asia, potentially leading to higher airfares and flight cancellations as summer travel approaches.
- Europe has about six weeks of jet fuel supplies remaining, with some countries holding less than 20 days of coverage, raising concerns about physical shortages and disruptions at airports if supplies fall below 23 days.
- Jet fuel prices have roughly doubled since the war began, significantly increasing airlines' biggest cost, and some carriers have already raised fees and cut flights in response to rising expenses.
- The U.S. has increased jet fuel exports to Europe to help fill supply gaps, but Asia-Pacific countries, heavily reliant on Middle Eastern oil, and Europe are most vulnerable to shortages.
- Airlines are adjusting operations with flight cuts, fee increases, and fleet changes, while travelers may face higher costs, reduced scheduling flexibility, and fewer low-fare options if the disruption continues into the peak travel season.
