Hong Kong's airport anticipates a volume shift this summer as airlines reduce scheduled flights and swap jet sizes to manage costs amid a global fuel crisis and rising economy passenger fares to Europe.
US drivers face gasoline prices near four-year highs, with potential to reach $5/gallon this summer if the Strait of Hormuz remains closed due to the war with Iran. Experts predict prices may not normalize until 2027.
Wong Hong, director general of the Association of Asia Pacific Airlines, stated that carriers require diverse aid, from financial support to flexible schedule cuts. He expressed concern over airlines facing difficulties, citing Spirit's recent shutdown due to fuel prices, and noted that Hong Kong airlines and Air New Zealand have received no support despite forecasting losses.
Despite fears of jet fuel shortages due to the US-Iran conflict, European summer flights are unlikely to face major disruptions. Jet fuel prices have fallen 30% from their peak, and airlines are adapting by increasing output and sourcing from alternative regions.
Air India suspends or reduces frequencies on 29 international routes (June-August 2026) due to West Asia conflict, high jet fuel prices, and airspace restrictions, while maintaining over 1,200 monthly international flights across five continents.
Air India suspends or reduces frequencies on 29 international routes (June-Aug 2026) due to West Asia conflict, high jet fuel prices, and airspace restrictions, impacting routes across North America, Europe, Australia, and Asia.
Air India has significantly reduced its flight schedule, cancelling around 200 weekly services from June to August due to soaring jet fuel prices and a depreciating rupee. These cuts follow previous reductions and aim to combat substantial losses. The airline is also exploring cost-saving measures like making meals optional on certain flights and unbundling lounge access for business class passengers.
Owner IAG expects to recover 60% of additional fuel bill caused by Iran war through ‘revenue and cost management’ Business news – live updatesBritish Airways fares will rise to try to recoup most of a €2bn (£1.7bn) hit in fuel costs this year, its parent group has said, warning that the Iran war will dent profits.The International Airlines Group (IAG) said its annual fuel bill was now expected to be about €9bn, up from the forecast €7.1bn, as 70% of its supply was hedged, shielding it from the full impact of soaring jet fuel prices since the start of the conflict. Continue reading...
The rise in jet fuel prices amid the US war on Iran is worse for airlines than the Covid-19 pandemic, AirAsia CEO Tony Fernandes has said Read Full Article at RT.com
Ryanair says that unlike others it will not be cancelling summer flights, as it hedged fuel contracts before Iran warBusiness live – latest updatesAirlines that cancel flights because of fuel shortages this summer will still have to compensate passengers under European law, the EU transport commissioner has said.Apostolos Tzitzikostas told the Financial Times that jet fuel prices or shortages did not meet the criteria that protect EU airlines from passenger claims. Continue reading...
Airlines have cut 13,000 flights globally in May as jet fuel prices soar due to the conflict in the Middle East.
Airlines have removed nearly two million seats from flights over the month, data from Cirium shows.
Fuel is airlines' second-largest expense, and getting even costlier due to the U.S. war with Iran. Airlines are looking for ways to cope, starting by hiking checked baggage fees for most fliers.
May rescheduling could be followed by summer cancellations as Middle East war continues to disrupt suppliesTwo million airline seats have been cut from this month’s schedules as airlines redraw their operations because of soaring jet fuel prices amid the Middle East conflict.About 13,000 fewer flights will operate in May around the world after cancellations in recent weeks, according to data from the aviation analytics company Cirium. Continue reading...
Spirit Airlines has ceased all operations and begun an orderly wind-down after failing to secure a US government bailout. The bankruptcy follows a surge in jet fuel prices caused by the ongoing Iran war, resulting in thousands of job losses.
ATF or jet fuel, for international carriers became costlier on Friday, with prices rising by 5 per cent. This marks the second consecutive monthly increase as oil marketing companies continue to gradually pass on the impact of higher global energy prices.
Aerial firefighting contractors warn that skyrocketing jet fuel prices since the war in Iran began could nearly double fuel costs to $100 million this fire season. The US Forest Service has budgeted $45 million for fire aviation fuel, $7 million less than last year, while contractors can pass higher costs to taxpayers.
Aerial firefighting companies face surging jet fuel costs and potential supply shortages due to geopolitical conflict, raising concerns about the U.S. government's ability to fund and resource wildfire suppression efforts this season.
Jet fuel prices jumped 106.6% year-on-year in March 2026, with crude oil up 43.1% and refining margins surging 320%, IATA said. Air cargo demand fell 4.8% annually, primarily due to severe disruptions at major Gulf hubs caused by the Middle East war and post-Lunar New Year slowdown timing.
India's airline industry faces existential threat according to Federation of Indian Airlines, which represents IndiGo, Air India and SpiceJet. The carriers have formally requested the Civil Aviation Ministry restore pandemic-era cost caps on aviation turbine fuel and reduce or defer taxes. Speculation is growing that Prime Minister Narendra Modi's administration will raise fuel prices after state election voting concludes on Wednesday, though the government denied plans to raise petrol prices while declining to comment on jet fuel.
Researchers published a study in ACS Catalysis on April 15 detailing a process to convert carbon dioxide directly into long-chain chemicals suitable for jet fuel. The method essentially runs combustion in reverse, recombining waste gas with water to create energy-dense liquid fuel. The breakthrough addresses two major obstacles that have historically hindered this chemical process: carbon chain growth difficulties and low yields of valuable long-chain products.
Jet fuel prices in Europe have more than doubled since the closure of the Strait of Hormuz, squeezing carriers ahead of peak summer travel.
Ryanair CEO Michael O'Leary warned that European airlines will fail if jet fuel prices remain elevated over summer. Speaking at a conference in Oslo, he said fuel has surged from $80 to $150 per barrel since the Strait of Hormuz was blockaded following the Middle East war that began Feb. 28. While Ryanair has hedged 80% of its fuel, O'Leary predicted competitors will face financial difficulties and potential bankruptcies if prices stay at $150 into July-September.
Since the U.S. and Israel's war against Iran began, jet fuel prices have soared, thousands of European flights have been canceled, and at least one airline may cease operations entirely.
