Lufthansa cuts 20,000 flights as Iran war causes jet fuel shortage
Summary
Lufthansa, a German airline company, plans to cut 20,000 short flights by October because the war involving Iran has made jet fuel more expensive and harder to get. The airline will focus on main airports and cancel less profitable routes to save fuel during this time.Key Facts
- Lufthansa will reduce 20,000 short-haul flights until October to save jet fuel.
- The price of jet fuel has more than doubled in some markets due to the war involving Iran.
- The conflict affects oil shipping through the Strait of Hormuz, a key waterway for global oil transport.
- About 75% of Europe’s jet fuel imports come from the Middle East, making Europe vulnerable to supply issues.
- Lufthansa has secured enough jet fuel for the next few weeks and is taking other steps to keep fuel supplies steady.
- The global jet fuel price rose from $99 per barrel in February to $209 in early April.
- Airlines are raising fees and charging extra for fuel due to higher costs, reducing travel options for passengers.
- European officials warn jet fuel shortages could last for weeks or months and are causing significant economic losses.
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