Overview
- ACI Europe sent an urgent letter to the European Commission warning that Europe should prepare for a systemic jet fuel shortage within about three weeks if flows through the Strait of Hormuz do not resume.
- Jet fuel prices have jumped to about $1,800 per ton, roughly triple a year ago, pushing up airline costs and putting summer schedules at risk.
- The EU imports about 43% of its jet fuel from Gulf suppliers, which leaves the region vulnerable to a prolonged choke point on that route.
- Recent distribution snags, including a delayed BP delivery, led to brief rationing at airports in Venice, Bologna, and Treviso, and extra tankering has strained storage at smaller Italian hubs.
- Long‑haul fares have fallen as airlines draw on cheaper fuel bought earlier and face weak demand, yet several large carriers say they may trim flights from late May if supply tensions persist.