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17.04.26 - 15:09
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Critical Shortage Of Jet Fuel: EU Airlines Have Just 6 Weeks Supply Left (ZeroHedge)
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Critical Shortage Of Jet Fuel: EU Airlines Have Just 6 Weeks Supply Left
Via Remix News,
The European market is facing a critical shortage of kerosene, with only six weeks of supply remaining, and the war in Iran is threatening the continent with a major aviation crisis.
Since the war broke out, jet fuel prices have jumped 70 percent, threatening the financial health of European airlines.
The International Energy Agency (IEA) has warned that this scarcity may soon lead to widespread flight cancellations across Europe.
To combat the dwindling supply, the EU is reportedly developing an emergency plan to maximize refinery output and stabilize fuel distribution.
Fatih Birol, the director of the IEA, stated that these disruptions are a direct consequence of the ongoing blockade in the Strait of Hormuz.
He emphasized the gravity of the situation, warning: “The longer the blockade lasts, the worse it will be for world economic growth and inflation.”
The crisis is expected to move from logistical ...
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17.04.26 - 11:19
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Luftverkehr: Verband warnt vor Kerosin-Engpass im Sommer (DPA-AFX)
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BERLIN/FRANKFURT (dpa-AFX) - Der stockende Nachschub von Kerosin könnte nach Einschätzung des Luftverkehrsverbandes BDL schon bald zu spürbaren Einschnitten im Flugangebot führen. "Die Sommerreisesaison steht unmittelbar bevor, das Ökosystem Tourismus ......
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17.04.26 - 00:42
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Bankrupted Spirit Airlines Faces Imminent Liquidation (ZeroHedge)
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Bankrupted Spirit Airlines Faces Imminent Liquidation
Bankrupt Spirit Airlines "could liquidate as early as this week," according to a new CNBC report. The troubled carrier, stuck in years of turbulence, has failed to emerge from its second bankruptcy in less than a year and is now being squeezed by soaring jet fuel costs.
NEW: Spirit Airlines could liquidate and shut down as soon as this week, @lesliejosephs of @CNBC reports, citing “people familiar with the matter.”
Latest round of chatter about a deeply troubled airline … but rising fuel prices could be its death knell.…
— Kyle Potter (@kpottermn) April 16, 2026
When the budget carrier would begin the liquidation process was not immediately clear to CNBC's sources, but the report comes just after an overnight Bloomberg story warned about the "risk of liquidation" due to the latest surge in jet fuel prices.
The airline had been trying to downsize its jet footprint and focus on popular seasonal routes, while lab...
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