Business Europe US & Canada

Global Jet Fuel Supply Crisis

Global Jet Fuel Supply Crisis

A worsening jet fuel crisis is threatening to derail summer travel plans across Europe and North America.

EU Energy Commissioner Dan Jørgensen has warned that energy prices may not stabilize for years, even if the current Middle East conflict is resolved.

Lufthansa has already announced the cancellation of 20,000 flights to conserve fuel, while budget carriers like Spirit Airlines face potential insolvency without federal intervention.

Industry experts are advising travelers to prepare contingency plans as airlines struggle with the dual pressure of rising operational costs and volatile fuel availability.

Lufthansa
Flag-carrier and largest airline of Germany
Dan Jørgensen
Danish politician
Spirit Airlines
Ultra low cost airline in the United States
British Airways
Flag carrier airline of the United Kingdom
Jet2holidays
UK's Second Biggest Holiday Company And A Subsidiary Of Jet2