Jet fuel shortages disrupt flights amid Middle East conflict
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The ongoing conflict in the Middle East is causing jet fuel shortages and rising costs, disrupting flights and prompting airlines to cut capacity and adjust routes. Major carriers like Lufthansa and easyJet are warning of further disruptions ahead of the peak summer season.
The conflict in the Middle East is tightening jet fuel supplies and raising costs, causing disruptions to flights. Lufthansa is grounding 27 aircraft, while Nigerian airlines may suspend operations due to surging fuel prices. EasyJet has warned of lagging bookings and potential further disruptions. The closure of the Strait of Hormuz has removed a fifth of global oil and liquefied natural gas supplies, exacerbating the issue. Airlines are adjusting routes and cutting capacity, with further capacity cuts and surcharges likely. The aviation industry is facing its worst crisis in years, with fragile profit margins and revenue under pressure.
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