US EditionTurbulence in Fuel Markets Hitting African Airlines Hard
African airlines face fuel costs accounting for up to 55% of expenses amid supply disruptions from the Strait of Hormuz blockage, complicating operations and planning.
4 Articles
4 Articles
Turbulence in fuel markets hitting African airlines hard
Turbulence in the fuel markets caused by the US-Israel war on Iran is hitting African airlines hard. The continent imports 70 percent of its jet fuel and kerosene and fuel costs make up a greater share of operating costs than for other carriers.
Rising jet fuel prices hit African airlines as supply tightens
Airlines across Africa are grappling with sharply rising jet fuel prices as global supply disruptions linked to the conflict involving the United States, Israel and Iran continue to ripple...
Reuters reported a marked decline in aviation fuel stocks in several African countries, with global supply disruptions caused by the Middle East, increasing pressure on airlines and raising operating costs. Reuters reported that in some countries, current reserves are only sufficient for a few weeks, while in others they have fallen to lower levels, raising concerns about a possible supply shortfall in the coming period.
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