What a looming jet fuel shortage could mean for summer travel
A potential jet fuel shortage due to the Iran conflict and disrupted global oil supplies may impact summer travel plans, especially for international flights. Airlines have started cutting flight schedules, and consumers can take steps to minimize disruption.
A looming jet fuel shortage could disrupt summer travel plans, particularly for international flights. The Iran conflict has disrupted global oil supplies, with Europe having only six weeks' worth of jet fuel left. Airlines have started cutting flight schedules, with Cathay Pacific Airways and HK Express reducing flights by 2% and 6%, respectively. The US is relatively insulated due to domestic production, but European and Asian carriers are more exposed due to their reliance on fuel imports. Low stocks elsewhere could put upward pressure on jet-fuel prices for US airlines, leading to increased air fares and baggage fees.
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