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Prolonged high oil prices may bring opportunities: AerCap

Higher fuel prices for between three and six months would pressure the airline industry, but could bring benefits for aircraft lessors, the world's largest aircraft leasing company, AerCap said today.

Business • 1 hr

O'Leary says risk of jet fuel shortage in Europe receding

Ryanair group CEO Michael O'Leary said the ⁠risk of a jet fuel supply shortage in Europe due to the Middle East conflict is receding and that fuel companies have told the airline they see no risk of potential disruption until the end of June.

Ireland • 5 hrs

Norwegian Air Q1 loss narrows, warns of higher fuel costs

Budget airline Norwegian Air Shuttle has today reported a lower-than-expected operating loss, helped by a stronger Norwegian crown, jet fuel hedges and lower prices for EU Emissions Trading System (ETS) allowances.

Business • 28 Apr

Wizz Air does not expect to run out of jet fuel, CEO says

Wizz Air's CEO said today that the European budget airline's summer schedule would be 17% larger this year, with growth focused on the Balkan and Caucasus markets, despite concerns over jet fuel supply and costs tied to the Iran war.

Business • 28 Apr

TUI cuts profit outlook as airlines juggle jet fuel hit

Europe's largest tour operator TUI ⁠cut its underlying operating profit forecast and suspended its revenue guidance, citing uncertainty caused by the Iran war, prompting its shares to fall by 2.6% today.

Business • 22 Apr

International Air Transport Association's director general Willie Walsh

Europe faces summer cancellations from jet fuel shortage

Flights in Europe could start to be cancelled from the end of May due to a lack of jet fuel, the International Air Transport Association's director general Willie Walsh said today, highlighting the risk of disruption to the busy summer travel season.

Business • 17 Apr

White, purple and navy colured Wizz air plane on a runway

Wizz Air says had problems with jet fuel supply in Italy

Hungarian low-cost airline Wizz Air has encountered some jet fuel shortages at three airports in Italy, its chief executive said today, following warnings about supplies because of the blockage of the Strait of Hormuz.

Business • 17 Apr

Ireland 'significantly' exposed to jet fuel risk - expert

As an island nation, Ireland is "significantly" exposed to jet fuel supply shortages, according to aviation expert Anita Mendiratta.

Business • 17 Apr

An airport during sunset, with planes arriving and departing against a colorful sky

Europe has six weeks of jet fuel left, warns energy chief

Europe only has six weeks' supply of jet fuel because of the Middle East conflict, the head of the world's energy watchdog has warned.

Business • 17 Apr

Europe could face jet fuel crunch within weeks

Europe's airport industry group has warned that the continent could face a systemic jet fuel shortage in three weeks unless the Strait of Hormuz opens up, calling for urgent EU-wide action to secure supplies ahead of the peak summer travel season.

Business • 10 Apr

International Air Transport Association (IATA) director general Willie Walsh

Jet fuel supplies to take 'months' to recover - IATA

The head of a body representing global airlines warned today that it would take months for jet fuel supply to recover even if Iran reopened the Strait of Hormuz, given disruptions to Middle East refining capacity.

Business • 08 Apr

Airlines see stable profits, record passenger numbers

Airline profits are set to stabilise in 2024 as continued growth in post-pandemic travel is offset by the high cost of capital and capacity constraints, industry group IATA said today.

Business • 06 Dec 23

Jet Fuel

Prolonged high oil prices may bring opportunities: AerCap

O'Leary says risk of jet fuel shortage in Europe receding

Norwegian Air Q1 loss narrows, warns of higher fuel costs

Wizz Air does not expect to run out of jet fuel, CEO says

TUI cuts profit outlook as airlines juggle jet fuel hit

Europe faces summer cancellations from jet fuel shortage

Wizz Air says had problems with jet fuel supply in Italy

Ireland 'significantly' exposed to jet fuel risk - expert

Europe has six weeks of jet fuel left, warns energy chief

Europe could face jet fuel crunch within weeks

Jet fuel supplies to take 'months' to recover - IATA

Airlines see stable profits, record passenger numbers

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