‘Inevitable’ jet fuel shortages will drive up air fares this summer, says Willie Walsh
Summary
The head of the International Air Transport Association said that air ticket prices in Europe will rise this summer due to high jet fuel costs. Although there is no need to panic about fuel shortages or widespread flight cancellations, the higher fuel prices are expected to affect fares, potentially lasting into next year.Key Facts
- Jet fuel prices have increased because of disruptions linked to the US-Israeli conflict with Iran, especially affecting the Strait of Hormuz shipping route.
- Airlines cannot absorb high fuel costs forever, so ticket prices will go up.
- Europe depends heavily on jet fuel imports from the Middle East and is seeking alternative suppliers.
- The EU says it’s possible to use US-grade jet fuel for European airlines if managed carefully.
- Some flights, especially long-haul routes, have already seen price increases.
- UK and European officials say there is no immediate fuel shortage but warn of possible future supply issues.
- UK airlines have canceled a small number of flights this month, around 0.75% of total flights.
- The UK government lowered the age for children to use e-gates at airports to eight years old, allowing up to 1.5 million more children to use the faster entry system starting July 8.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.