European Airports Starting To Run Low On Jet Fuel
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European Airports are starting to run low on jet fuel, according to a letter ACI Europe, an industry body for airports, sent to EU transport commissioner Apostolos Tzitzikostas, according to the Financial Times (access here).
The issue is that the Strait of Hormuz, a transit route for 40% of the world’s jet fuel, is blocked due to Iran’s reaction to the US and Israel’s attack on the country, although there is currently a truce in place.
Many airlines have hedged their jet fuel prices, either fu
The issue is that the Strait of Hormuz, a transit route for 40% of the world’s jet fuel, is blocked due to Iran’s reaction to the US and Israel’s attack on the country, although there is currently a truce in place.
Many airlines have hedged their jet fuel prices, either fu
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