Higher Europe air fares 'inevitable', says industry head
Summary
The head of the International Air Transport Association said that higher air ticket prices in Europe are unavoidable due to expensive jet fuel. Although some airlines have lowered fares to attract passengers, fuel costs are rising because of supply issues linked to the conflict in the Middle East, and these problems could last into next year.Key Facts
- Jet fuel costs have risen sharply due to disruptions from the conflict in the Middle East, especially around the Strait of Hormuz.
- Europe and the UK rely on fuel imports from this region and are seeking alternative supplies.
- Some European airlines have cut ticket prices recently to encourage more passengers to fly despite high fuel costs.
- Airline industry leaders say these lower fares cannot continue because fuel expenses are too high.
- Fuel shortages in the UK might occur during the busy summer months if new sources are not found.
- The EU says US-grade jet fuel can be used in Europe to help avoid shortages, if introduced carefully.
- The UK government says there is no current shortage and that fuel suppliers keep reserves to prevent problems.
- Airlines and the government are working together to plan flight schedules that avoid cancellations and disruptions.
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