Europe has only six weeks' supply of jet fuel left owing to Iran war, says energy chief [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Fatih Birol, the executive director of the International Energy Agency, said there would be flight cancellations “soon” if oil supplies from the Middle East were not restored within the coming weeks. “I can tell you soon we will hear the news that some of the flights from city A to city B might be cancelled as a result of lack of jet fuel,” he told the Associated Press. Related: KLM, part of the Air France-KLM group, said on Thursday it would cut 160 flights in the coming month because of high kerosene jet fuel prices. Although less than 1% of its schedule, the cancellations underline the financial pressures on the airline industry. The Dutch airline said: “This concerns a limited number of flights within Europe that, due to rising kerosene costs, are currently no longer financially viable to operate. There is no kerosene shortage. “KLM expects a busy May holiday period and is making sure passengers can travel to their holiday destinations as planned.” The US-Israel war o
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