UK Airline Turns Fuel Price Surge Into $500 Million Windfall Through Hedging
Jet2 recorded a nearly £400m boost from the rising price of jet fuel which caused widespread fear that…
EU Says No Jet Fuel Shortage Coming Despite Middle East Supply Loss
Shortages of jet fuel are not looming over Europe despite the shock loss of supply from the Middle…
Jet Fuel Shortage Deepens Pressure on Global Airlines
Fewer passengers were heading to Heathrow Airport in April as the war in the Middle East keeps travellers…
UK is ‘most exposed’ to jet fuel shortage and is vulnerable to rationing, Goldman Sachs warns
Britain is the nation “most exposed” to jet fuel shortages caused by the Iran war, Goldman Sachs has…
UK Faces Summer Flight Disruptions as Jet Fuel Risks Mount
Ministers are set to warn the British public that flight cancellations will hit summer holiday plans as new…
South Korea introduces relief payments amid oil crisis
South Korea has added relief payments to its sweep of measures to tackle the ongoing oil crisis as…
Major European airline axes 20,000 flights after jet fuel price soars
Lufthansa’s airline group has cancelled 20,000 flights in a bid to protect itself from the soaring cost of…
Long-Haul Flight Fares Soar as Iran War Hits European Aviation Hard
The Middle East crisis and the subsequent jet fuel crunch have sent airline ticket prices soaring, with an…
Europe Faces Summer Jet Fuel Crisis as Iran War Slashes Supply
Accelerated refinery closures in the past decade and increased dependence on kerosene from the Middle East have exposed…
Why you should cancel your holiday to save British business
The alarm bell on a jet fuel crisis is now firmly being rung. The Airports Council International has…
Global fuel crisis: Australians urged to work from home by Energy Minister Chris Bowen
Australians are being urged to work from home where possible to ease demand for fuel as the government…
Economic Models Are Overlooking a Looming Diesel Crisis
We are starting to see the beginnings of deglobalization: Countries are increasingly at odds with each other. There…