Overview
- ACI Europe, in a letter to the European Commission on Friday, warned that a “systemic” jet fuel shortage could hit the EU within about three weeks if Hormuz transit does not resume in stable volumes, and it urged stock tracking and possible joint purchases.
- EU energy experts said after their midweek meeting that they see no immediate risk to supply for April, though they will keep monitoring the situation.
- Jet fuel prices climbed to a record near $239 a barrel in April, and several airlines have raised fares or cut routes that no longer pay off.
- Signs of strain have already surfaced in Italy, where airports in Venice and Bologna temporarily capped refueling to roughly 2,000 liters per aircraft over Easter.
- Airlines are cushioning costs but planning for disruption, with Ryanair saying it has locked in prices for about 80% of its fuel needs through March 2027 while not ruling out summer cancellations, and Lufthansa preparing to park up to 40 older jets if fuel grows scarce.