Jet fuel crisis hits airlines

The closure of the Strait of Hormuz has curtailed global supplies of middle distillates, leading to a doubling of fuel prices compared to last year.

Major carriers like Ryanair and easyJet are considering cutting routes if the disruption continues, while some have already added extra passenger fees.

The European Commission is examining options to import alternative fuel grades and may implement mandatory fuel sharing among member states.

Nigeria is also reporting a critical shortage, squeezing airlines already struggling with soaring operational costs.