Flight cancellations are rising worldwide as jet fuel prices surge, according to The Telegraph.
Data from Cirium shows about 7% of global flights were canceled on a recent day — over 7,000 departures. In North America, cancellations hit 14.6%.
The driver is the Middle East escalation. Jet fuel prices jumped from $742 to over $1,710 per ton, while Brent crude oil rose to $116 per barrel.
Supply is tightening through the Strait of Hormuz, which carries roughly 20% of global oil. Financial Times reports the UK is expecting its last known fuel shipment from the region this week.
Aviation analyst Alex Macheras warns some markets — including major European hubs — could face fuel shortages within days, with airports already signaling a “no fuel” scenario.
Airlines are cutting capacity. Air New Zealand plans to cut 1,100 flights by May, Scandinavian Airlines about 1,000 next month, and Vietnam Airlines may reduce up to 20% of flights if prices keep rising.
In the U.S., United Airlines has already cut around 5% of less profitable routes. Its CEO says fuel costs could rise by $11 billion, requiring ticket prices to jump about 20% just to break even.
Ticket prices are already up 15–20% in recent weeks, and demand is starting to weaken.
@DDGeopolitics
#Iran #JetFuel #Oil
Data from Cirium shows about 7% of global flights were canceled on a recent day — over 7,000 departures. In North America, cancellations hit 14.6%.
The driver is the Middle East escalation. Jet fuel prices jumped from $742 to over $1,710 per ton, while Brent crude oil rose to $116 per barrel.
Supply is tightening through the Strait of Hormuz, which carries roughly 20% of global oil. Financial Times reports the UK is expecting its last known fuel shipment from the region this week.
Aviation analyst Alex Macheras warns some markets — including major European hubs — could face fuel shortages within days, with airports already signaling a “no fuel” scenario.
Airlines are cutting capacity. Air New Zealand plans to cut 1,100 flights by May, Scandinavian Airlines about 1,000 next month, and Vietnam Airlines may reduce up to 20% of flights if prices keep rising.
In the U.S., United Airlines has already cut around 5% of less profitable routes. Its CEO says fuel costs could rise by $11 billion, requiring ticket prices to jump about 20% just to break even.
Ticket prices are already up 15–20% in recent weeks, and demand is starting to weaken.
@DDGeopolitics
#Iran #JetFuel #Oil