All posts tagged: Jet

Nigeria faces jet fuel shortage as Strait of Hormuz disruption bites

Nigeria faces jet fuel shortage as Strait of Hormuz disruption bites

Published by Sam Flores

Nigeria’s jet fuel shortage is being driven by disruptions at the Strait of Hormuz that have curtailed global supplies of middle distillates, a fuel marketers’ group said, squeezing airlines already grappling with soaring costs. Products such as jet fuel and diesel that normally pass through the strategic waterway have become less available worldwide, pushing up prices, the Major Energies Marketers Association of Nigeria (MEMAN) said. Source link

Lufthansa axes 20,000 ‘unprofitable’ flights to save jet fuel – POLITICO

Lufthansa axes 20,000 ‘unprofitable’ flights to save jet fuel – POLITICO

Published by Sam Flores

The airline said the first 120 flights were canceled on Monday. “The medium-term route planning for the coming months is being revised considering the capacity reduction and will be published in late April or early May,” Lufthansa said, adding that affected passengers have been notified. The 20,000 cancellations, which include flights previously operated by CityLine, will impact hubs in Frankfurt, Munich, Zurich, Vienna, Brussels and Rome and “reduce the number of unprofitable short-haul flights.” The airline said these “flight schedule optimizations” will continue. Despite the announcement, the carrier said the “group’s jet fuel supply [is] secured for the coming weeks.” Other airlines have announced similar measures. SAS Scandinavian Airlines canceled about a thousand flights due to high fuel costs, while Air France-KLM has introduced a €100 surcharge on long-haul tickets. The European Commission plans to announce its AccelerateEU plan on Wednesday to address the energy crunch caused by the war in the Middle East. Source link

How UK Fliers Can Prep For EES, From Jet 2, TUI, easyJet

How UK Fliers Can Prep For EES, From Jet 2, TUI, easyJet

Published by Sam Flores

The EU’s new Entry/Exit System (EES) has fully kicked into place for UK passengers after its October rollout. It’s a biometric system (including a photo and/or fingerprints) that registers non-EU nationals every time they make a short stay in Schengen countries. The EU’s site says it’s designed to eventually replace passport stamps and offer a more “efficient” version of EU check-ins. But so far, there have been early hiccups: EES has been blamed for border delays that left passengers behind and “hours-long queues”. In response, airlines like TUI, Jet2, and easyJet have shared advice. Which countries are affected by the EES system? The Schengen countries involved are: Austria, Belgium, Bulgaria, Croatia, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and Switzerland. The Republic of Ireland and Cyprus are excluded from EES systems as they’re not Schengen countries. What advice have airlines given to UK travellers for EES checkins? The advice so far includes: British Airways Their site reads, “You …

Merz convenes Germany’s security council over looming jet fuel crunch – POLITICO

Merz convenes Germany’s security council over looming jet fuel crunch – POLITICO

Published by Sam Flores

While admitting the current situation is “tense,” Merz said the country had sufficient access to the key fuels at the moment. But, he added, “if conditions worsen, we are prepared to act,” and insisted “all available instruments” would be used to ensure security of supply. Germany’s National Security Council, which is composed of key government ministers and sectoral experts, was set up last year to coordinate rapid responses to major threats. The decision to convene the group signals Berlin believes the jet fuel shortage could become a significant problem. Economy Minister Katherina Reiche last week unveiled contingency plans and is set to meet with fuel suppliers, airline representatives and airport operators on Monday. Germany’s move to prepare for a possible crisis situation contrasts with Brussels’ efforts to downplay concerns. EU Transport Commissioner Apostolos Tzitzikostas on Friday said there was “no indication” of jet fuel shortages — even as airlines including KLM and Lufthansa cut back on flights in response to skyrocketing fuel prices. Industry experts warn that even if shipping flows through the Strait of …

EU denies jet fuel crisis – POLITICO

EU denies jet fuel crisis – POLITICO

Published by Sam Flores

But the EU doesn’t agree. “There have been some reports in these two previous days suggesting Europe could be close to running out of jet fuel. That is not an accurate reflection of the situation,” Tzitzikostas said during a press conference in Nicosia. Some European airlines like Lufthansa, KLM and SAS have cut back on flights, while ticket prices are rising in response to the fuel price surge. Airlines “have chosen in these past days to cancel some of their lines because they were already not profitable,” Tzitzikostas said. Even if Iran’s Friday announcement restores normal shipping out of the Gulf, it could take “a period of months” for normal fuel levels to be restored, Willie Walsh, director general of the International Air Transport Association, said earlier this month. Birol, who spoke a day before the Iranian decision, based his comments on the IEA’s latest oil market report, which looks at jet fuel supply risks in EU member countries. France and Germany were identified as the most exposed among big EU countries. Birol warned that …

Jet fuel shock from Iran war worsens crisis for global airlines

Jet fuel shock from Iran war worsens crisis for global airlines

Published by Sam Flores

LONDON:  Air travel’s worst crisis in years lurched deeper on Tuesday (Apr 14) as Qantas Airways warned of spiralling costs, Lufthansa said it may have to ground planes, and Virgin Atlantic flagged a looming supply crunch, with the Iran conflict squeezing fuel supplies. The war has upended routes between Asia and Europe that relied on Gulf hubs, while a doubling of jet fuel prices and tightening of supplies are hitting airlines hard. Since the US-Israeli strikes on Iran began on Feb 28, carriers have hiked air fares, introduced fuel surcharges and cut routes. Underscoring efforts to preserve cash, Qantas has delayed a planned share buyback, citing higher and volatile fuel prices, one of the first major carriers to stall shareholder returns. Meanwhile, Lufthansa CEO Carsten Spohr warned that jet fuel supplies will remain constrained, driving up costs. “Kerosene will remain in short supply and therefore more expensive for the rest of the year,” Spohr told German newspaper Frankfurter Allgemeine Zeitung. Lufthansa has not yet grounded planes due to shortages but this “may be unavoidable” as …

Cathay Pacific to cut flights from mid-May to end-June as jet fuel prices surge

Cathay Pacific to cut flights from mid-May to end-June as jet fuel prices surge

Published by Sam Flores

Last month, Cathay’s CEO Ronald Lam said the Hong Kong-based airline would press ahead with plans to expand passenger capacity by 10 per cent this year, pointing to strong demand for long-haul flights to North America, Europe and Australia after the Iran war cut traffic through the Middle East. Beyond June, Cathay Pacific and HK Express plan to operate all their scheduled passenger flights, Cathay said in the statement. US President Donald Trump’s two-week ceasefire with Iran is unlikely to bring quick relief to the global aviation industry, executives said this week. Industry officials warned that jet fuel supplies will remain tight and costly for months, even if Iran reopens the Strait of Hormuz. Source link