Major Airlines Reassure Europe Summer Flyers on Jet Fuel as Prices Fall From US$230
Updated
Updated · CBC Sports · Jun 4
Major Airlines Reassure Europe Summer Flyers on Jet Fuel as Prices Fall From US$230
3 articles · Updated · CBC Sports · Jun 4
Summary
Air Canada and Lufthansa said they do not expect jet fuel shortages to disrupt summer Europe flights, with Air Canada telling customers there is no shortage affecting its operations.
The reassurance marks a sharp turn from April, when the IEA warned Europe had maybe six weeks of jet fuel left as the Iran war disrupted supplies through the Strait of Hormuz.
Mid-May data pointed to easing pressure: the IEA said supply was rising while demand was falling, and airlines and traders cited replacement barrels from Africa and the U.S. Gulf Coast.
Jet fuel prices have dropped in recent weeks, but analysts said inventories are still tightening and could trigger a fresh spike if Hormuz remains unreliable.
The episode suggests the immediate summer travel risk has eased, even as Europe is still rebalancing away from Middle East fuel and remains exposed to renewed supply shocks.