Airlines deepen crisis - Caused by lack of fuel for aircraft
European airlines are facing severe fuel shortages for their aircraft, as the ongoing conflict in the Middle East has disrupted supplies and increased fuel costs.
According to data from the International Air Transport Association (IATA), global jet fuel costs have increased significantly since the start of the conflict, from $85 to $90 per barrel, to $150 to $200 per barrel.
In addition to rising fuel costs, many European airlines are facing a situation where jet fuel is not available even at high prices, with inventories in some regions lasting only a few weeks. This "jet fuel crisis" is posing a serious challenge for the air transport industry.
Fatih Birol, executive director of the International Energy Agency (IEA), said that jet fuel reserves in Europe are dwindling dangerously and if the situation in the Middle East continues to disrupt supplies, some flights could soon be forced to be canceled.
Recently, several European airlines, including Germany's Lufthansa, Dutch national carrier KLM and Virgin Atlantic, have adopted measures such as suspending flight itineraries, canceling some flights and increasing fares.
Industry experts widely believe that, with demand remaining unchanged, insufficient transport capacity and high ticket prices will impose further travel restrictions for Europeans.
Europe has long been heavily dependent on energy supplies from the Middle East. According to data from the International Energy Agency, the Middle East previously accounted for 75 percent of Europe's net jet fuel imports. The blockade of the Strait of Hormuz has directly brought this key supply channel to a near-total standstill, causing European jet fuel imports to fall to their lowest level since March 2022.
In addition, due to the conflict, long-haul flights departing from Europe have been forced to reroute around certain airspaces, resulting in longer flight times and greater distances, which in turn has increased aircraft fuel consumption and kept Europe's demand for fuel consistently high.
Aviation analysts said that even if shipping through the Strait of Hormuz resumes, it will take several months for jet fuel production and the transportation system to gradually return to normal levels.
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