British Airways says it has enough jet fuel for summer
Updated
Updated · The Wall Street Journal · May 8
British Airways says it has enough jet fuel for summer
8 articles · Updated · The Wall Street Journal · May 8
IAG chief Luis Gallego said US fuel flows were easing Strait of Hormuz disruption, though the group still faces a 2 billion euro fuel-cost increase this year.
Gallego said BA and sister airlines Iberia and Aer Lingus had secured enough supply despite mixed industry signals, and that higher ticket prices have not weakened current-quarter bookings.
The reassurance comes as the Iran war raises fears of shortages for European carriers; IAG says the cost crisis could let it gain market share if rivals cut capacity.
With experts warning of fuel shortages, can British Airways' parent company truly avoid summer travel chaos?
Beyond corporate assurances, when will the Strait of Hormuz reopen to secure Europe's fuel supply?