Airlines in Europe slash thousands of flights as Iran war cuts jet fuel supplies

European airlines cancel tens of thousands of flights as Iran conflict drives jet fuel costs to record highs, sparking supply shortage warnings. | Contesto: cronaca

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• Airlines in Europe slash thousands of flights as Iran war cuts jet fuel supplies

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European airlines are slashing tens of thousands of flights as the war in Iran drives jet fuel prices to unprecedented levels, with energy authorities warning of an imminent supply crisis unless reserves are urgently replenished. The cancellations, which have already disrupted travel plans for millions of passengers across the continent, come as carriers struggle to absorb the soaring cost of fuel—a direct consequence of the conflict that has choked off a key source of crude oil and refined products. Industry analysts say the situation is worsening by the day, with no immediate end in sight. The crisis stems from the escalating war in Iran, a major oil-producing nation whose refining capacity has been severely compromised by the conflict. Jet fuel, a refined product that had already seen price volatility due to geopolitical tensions, has now spiked to levels that make many routes financially unviable for airlines. Carriers such as Ryanair, Lufthansa, Air France-KLM, and British Airways have been forced to announce sweeping schedule reductions, particularly on short-haul and medium-haul flights that operate on thin profit margins. Some budget airlines have suspended entire routes indefinitely. Energy authorities across Europe have issued stark warnings that the continent faces a jet fuel shortage if supplies are not replenished soon. Stockpiles, already drawn down during the post-pandemic recovery, are now being depleted at an alarming rate. The European Commission has convened emergency talks with member states to explore options, including tapping strategic petroleum reserves and negotiating alternative supply routes. However, the disruption to global shipping lanes caused by the Iran conflict has made it difficult to secure new sources of fuel in the short term. The broader implications for the aviation industry are severe. Airlines had only recently begun to recover from the financial devastation of the COVID-19 pandemic, and this new shock threatens to push many carriers back into the red. Passenger volumes, which had rebounded strongly in 2024, are now expected to decline as higher ticket prices—passed on to consumers to offset fuel costs—dampen demand....

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Categoria: cronaca