European Commission launches AccelerateEU plan over jet fuel crisis
Updated
Updated · Inquirer.net · May 3
European Commission launches AccelerateEU plan over jet fuel crisis
10 articles · Updated · Inquirer.net · May 3
Ursula von der Leyen said the Iran war has raised the EU fossil-fuel import bill by more than €27bn in 60 days as European jet fuel prices climbed from about €68 to €154 a barrel.
The plan monitors stocks and coordinates supplies to airlines and airports as Europe faces possible shortages, with the IEA warning two weeks ago that only about six weeks of jet fuel remained.
Airlines are adding surcharges and cutting flights, while industry groups seek temporary relief from EU fuel-loading and emissions rules; officials say coordination can limit panic but cannot replace missing fuel.
With airlines going bankrupt, can this crisis truly accelerate the costly shift to sustainable aviation fuel?
After Spirit Airlines' collapse, which major airline will be the next casualty of the jet fuel crisis?
The airline industry is grounded by the Hormuz blockade. Is a global recession the next domino to fall?