European Airlines Face Fuel Shortages Within Weeks
If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
An association of airports told European Union officials that fuel shipments through the Strait of Hormuz had to restart within three weeks to avoid a “systemic” shortage.
The U.S. military aircraft with a two-person crew was shot down in Iran on Friday.
Some airlines and travelers, especially in the Middle East and elsewhere in Asia, are bearing the brunt of the pain, while others are doing better.
Airline executives said the war in Iran had raised fuel costs and, as a result, fares, but that had not yet hurt demand for tickets from individuals and businesses.
Emirates, Qatar Airways and Etihad Airways have become some of the world’s largest and most profitable thanks to their location at the center of busy travel routes.
When conflict broke out in the Middle East, thousands of travelers were stranded. We followed a New Orleans doctor on his epic journey to get home.
The price of jet fuel and diesel has surged since the war in Iran began, which could force airlines and trucking companies to pass on higher costs to their customers.
Drone and missile attacks have caused high anxiety across the region, but experts say the danger to commercial airliners is “fairly remote.”
The flight was arranged and paid for by the State Department, officials said, as part of the evacuations of citizens stranded by attacks in the Middle East.