Long-Haul Holidays at Risk of Mass Cancellations Amid Fuel Crisis

Long-haul holidays at risk of mass cancellations amid fuel crisis

THERE could be trouble ahead for those who have booked holidays to far-flung destinations as airlines are warning of even more flight...

Scramble for Jet Fuel Shows How Energy Shortages Are Rippling Across Asia

HONG KONG -- Three weeks into a war in the Middle East that is roiling energy markets, Asia is confronting one of the first major consequences of an oil shortage, as jet fuel prices surge to record levels and governments…

Long-haul destination holidays under threat due to shortage of jet fuel

Long-haul holidays could be at risk if the Middle East crisis continues, as jet fuel costs keep rising and there’s now a risk that airlines will be forced to cancel flights. Some airlines are considering axing their long-haul routes due to the shortage of jet fuel caused by the war in Iran. Following the Strait of Hormuz closure and ongoing oil price uncertainty, jet fuel prices have risen sharply from $90 to $200 per barrel, and traders expect …