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Airlines Cut Flights as Jet Fuel Costs Spike; KLM Trims May Schedule and United Signals Possible Q3 Reductions

Conflict-hit oil flows through the Strait of Hormuz have driven kerosene near $1,500 a ton, squeezing routes that no longer cover their fuel bills.

Overview

  • KLM will cancel some European flights in May, saying higher fuel costs made certain routes unviable, with published counts varying between 80 and 160 but amounting to under 1% of its regional schedule.
  • United Airlines said it could cut up to 5% of its third‑quarter flying if fuel prices stay high and supply remains unstable.
  • Other carriers have pared back service in recent weeks, with Air Canada suspending several routes and Lufthansa’s CityLine parking its 27‑jet fleet for near‑term European flying.
  • Jet fuel prices have roughly doubled to about $1,500 per metric ton after disruptions to oil shipping through the Strait of Hormuz, though many big airlines are partly shielded for several months by fuel hedges.
  • IEA chief Fatih Birol warned Europe could have only about six weeks of aviation fuel if interruptions continue, and low‑cost players such as Volotea have added a temporary fee of up to €14 per ticket, pointing to rising costs for travelers.