Brussels Airlines has received assurances from its fuel suppliers that kerosene deliveries are secured for the next four to six weeks, CEO Dorothea von Boxberg announced on Wednesday. The airline has hedged 80% of its kerosene, locking in prices and shielding itself from recent price spikes. This strategy provides a competitive edge, particularly over United…
Tag: Strait of Hormuz
Lufthansa Group cuts summer flights to save fuel amid rising costs
The Lufthansa Group is reducing its summer flight schedule by nearly one percent in available seat kilometres (ASK), citing soaring jet fuel prices and a strategic shift to consolidate its European network.
European aviation braces for jet fuel shortage amid geopolitical crisis
European airlines and the European Commission are preparing for a potential jet fuel shortage that could ground flights across the continent. The crisis, already causing fuel restrictions in Italy, is raising alarms across Europe, with warnings that a systemic shortage could become a reality if the Strait of Hormuz remains closed.