Jet Fuel Shortage Deepens Pressure On Global Airlines
“I thought I’d seen it all with Covid?[…]?but having seen jet fuel go up almost three times – this is much worse…”
- Heathrow’s April passenger numbers fell 5% to 6.7 million, with Middle East traffic down 50%.
- Transfer traffic rose 10% as travellers rerouted through Heathrow to Asia and Oceania.
- Airlines are facing mounting pressure from jet fuel shortages and higher oil prices.
It comes after supplies for jet fuel have tumbled to their lowest level since records began, as the war blocks crucial shipping lanes for fuel.
https://www.zerohedge.com/personal-finance/jet-fuel-shortage-deepens-pressure-global-airlines
I just checked a ticket from Metro Detroit to Myrtle Beach for the first week in July, it’s only like $350. Honestly, that doesn’t seem like the price has increased at all over the last 6 monnths.