Jet fuel supply disruptions are comparable to 9/11 and could take months to replenish even if Hormuz Strait is reopening, airline trade group warns
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The Iran war caused oil prices to skyrocket by up to 70% in just weeks, but it will take a matter of months before jet fuel prices return to their pre-conflict levels, warned the head of the International Air Transport Association (IATA) representing global airlines.
Jet fuel makes up 27% of an airline’s operating budget, according to IATA, making it a carrier’s second-largest expense. Though a tentative ceasefire between the U.S. and Iran has introduced the possibility of the reopening of th
Jet fuel makes up 27% of an airline’s operating budget, according to IATA, making it a carrier’s second-largest expense. Though a tentative ceasefire between the U.S. and Iran has introduced the possibility of the reopening of th
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