The threat to summer holidays looming from jet fuel shortages

Jet fuel shortages threaten summer travel as prices have surged over 120% since Middle East conflict began, forcing airlines to raise fares and cut flights [1]. Europe, which relies heavily on imported jet fuel, faces potential disruption and cancellations during the peak holiday period due to the prolonged closure of the Strait of Hormuz, a key shipping route [1]. The UK is particularly vulnerable, with imports meeting 65% of its needs following the closure of two domestic refineries in recent years [1]. Airlines have already responded to the cost surge, with Lufthansa cutting 20,000 flights from its schedule through October [1]. Carriers like United Airlines and IAG, the parent of British Airways, have warned passengers will bear the brunt of higher fuel costs through increased ticket prices [1]. However, short-haul fares within Europe have seen less impact, with some airlines lowering prices to stimulate demand amid traveler hesitancy [1]. Fuel typically constitutes 25-30% of airline operating costs, making the price spike a significant threat to profitability on marginal routes [1].