In May, airlines worldwide are cutting around 13,000 flights, approximately 2% of global air traffic capacity, due to soaring jet fuel prices driven by the conflict in the Middle East. The UK is particularly affected, with British airlines indicating they may consolidate flights on popular routes to adapt. Notably, airlines like Turkish Airlines and Lufthansa have significantly reduced services.
Jet fuel prices have surged, more than doubling since recent attacks in the region, yet most UK short-haul airlines are hedged against immediate cost rises and plan to operate full summer schedules. Despite no current shortages, analysts warn Europe could face jet fuel supply issues if the conflicts continue. In response, the UK government is considering extraordinary measures, including merging flight schedules, to prevent disruptions for summer travelers.
Transport Secretary Heidi Alexander noted that while there are no immediate supply issues, preparations are being made to ensure stability and avoid unnecessary disruptions at airports. Efforts to maximize jet fuel production are underway, although the government is not presently inclined to grant tax relief or ease environmental regulations.
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