"Germany's largest carrier Lufthansa announced it had canceled 20,000 flights between May and October to try and save fuel, removing approximately 40,000 metric tons of jet fuel, the price of which has doubled since the outbreak of the Iran conflict."
"Fatih Birol, executive director of the International Energy Agency, said recently that Europe had as little as six weeks' supply of jet fuel left while the EU's Energy Commissioner Dan Jrgensen said the crisis was moving from one of high prices towards a crisis of supply."
"The ongoing closure of the Strait of Hormuz has severely disrupted global gas and oil flows, with Europe's aviation sector particularly exposed as much of the kerosene for jet fuel comes via the Middle East."
The Iran war is severely impacting the global aviation sector, resulting in jet fuel shortages and soaring prices. Lufthansa has canceled 20,000 flights to conserve fuel, while KLM has also reduced its schedule. The International Energy Agency warns that Europe may have only six weeks of jet fuel supply left. The ongoing closure of the Strait of Hormuz is disrupting oil flows, particularly affecting Europe's aviation, which relies heavily on Middle Eastern imports. Some EU member states are considering sharing jet fuel stocks to sustain air travel.
Read at www.dw.com
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