Updated
Updated · Fortune · Jun 16
Private Jet Operators Deny Jet Fuel Crisis as Jet Linx Card Sales Jump 80%
Updated
Updated · Fortune · Jun 16

Private Jet Operators Deny Jet Fuel Crisis as Jet Linx Card Sales Jump 80%

2 articles · Updated · Fortune · Jun 16

Summary

  • Jet Linx and Elevate Jet said fuel never came close to running out, despite months of warnings that Hormuz disruptions could trigger widespread flight cancellations.
  • 20% of global jet fuel supply transits the Strait of Hormuz, but operators said the real impact was higher prices, not empty pumps, with Jet Linx reporting no shortages across its 100 aircraft in 22 locations.
  • 118,000 to 140,000 barrels per day of Saudi jet fuel is projected to reach market in June—above pre-closure levels—while the EU transport commissioner said Europe has no current or near-term shortage risk.
  • Thousands of airline seats were cut earlier, but private jet executives argued some commercial carriers likely used higher fuel costs to drop routes that had already become uneconomic.

Insights

Was the jet fuel crisis a real shortage or an excuse for airlines to cancel flights and keep airfares high?
Jet fuel prices are falling, so why are airlines warning that record-high ticket prices are here to stay?
The conflict is over, so why do mines and new fees mean the Strait of Hormuz shipping crisis is just beginning?