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Iran war threatens jet fuel shortage that could disrupt summer travel in Asia and Europe
Airlines are cutting flights and passing higher fuel costs to passengers as exports from the Gulf plunge 30%, data from Kpler showed.
Summary by CNBC
6 Articles
6 Articles
Jet fuel shortage worse than Covid, says airline chief
The global jet fuel shortage caused by the Iran war has caused a bigger crisis for airlines than the Covid-19 pandemic, the chief of AirAsia has warned. Tony Fernandes, chief executive of AirAsia, said: “I thought I’d seen it all with Covid […] but having seen jet fuel go up almost three times — this is much worse.” Jet fuel supplies have fallen to their lowest level since records began as the Iran war wreaks havoc on fuel shipping lanes. “You …
The confrontation in the Middle East is beginning to have a direct impact on international aviation, given signs of fuel shortages at some of the world's major airports.
Coverage Details
Total News Sources6
Leaning Left1Leaning Right1Center2Last Updated50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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