Jet Fuel Shortages Endanger European Aviation and Tourism
The International Energy Agency warns that European jet fuel reserves are sufficient for only about six weeks if the Iranian conflict continues to cause supply disruptions. IEA Chief Fatih Birol warns of possible flight cancellations. As a result, budget airline easyJet is recording weaker bookings for Cyprus flights as travel demand shifts westward, and the airline issued a profit warning for the first half of the fiscal year.