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Jet Fuel Shock Deepens in Europe as Airlines Add Surcharges and Supply Risks Mount

A warning from Europe’s airport group says stable passage through the Strait of Hormuz is needed within weeks to avert a jet fuel crunch.

Overview

  • Europe's airport lobby warned a systemic jet fuel shortage could hit within three weeks if traffic through the Strait of Hormuz does not resume on a stable basis.
  • Jet fuel prices have more than doubled to over $200 a barrel since the war began on February 28, rising far faster than crude and exposing Europe’s reliance on Gulf supplies after years of refinery cuts.
  • Airlines are passing on costs and trimming plans, with Air France doubling a long‑haul surcharge to €100, about 20 carriers adding fees, SAS canceling around 1,000 flights, Ryanair warning of up to 10% cuts, and Lufthansa preparing a grounding plan.
  • Supply strains have already surfaced in Italy, where airports in Bologna, Milan Linate, Treviso and Venice briefly restricted jet fuel deliveries, and IATA says supplies would take months to normalize even if shipping improves.
  • Drivers are seeing little price relief at the pump despite a ceasefire that eased crude, with only tiny drops reported and a surge in diesel thefts and Irish protests blocking fuel sites drawing police action.