People urged not to cancel flights over fuel shortage fears
Airlines have cancelled 13,000 flights globally in May as jet fuel prices soar due to the Middle East conflict. Industry is exercising caution over supply concerns.
Jet fuel price spikes are severely impacting European and global aviation. The Iran war has disrupted oil supply through the Strait of Hormuz, tightening jet fuel availability to Europe and Asia. Some carriers have been forced to reduce capacity or alter routes. Rising fuel costs are eroding profit margins, with low-cost carriers and regional airlines most vulnerable. Industry experts warn more cancellations or price increases are likely in the near term. European airports will also be affected as some airlines announce summer capacity cuts in advance. Fuel prices currently sit 40-50% above normal levels.
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