UK eases airline penalties as jet fuel shortages threaten flights [Yahoo! Finance Canada]
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
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Source: Yahoo! Finance Canada
Airlines who cancel flights will not lose their rights to valuable takeoff and landing slots at busy airports, which can be forfeited when flights fail to operate over a period. The change was one of the demands from operators who have been in the face of rising fuel prices and a possible supply crisis. Exemptions from the “use it or lose it” rule can now be granted during shortages by Airport Coordination Limited, the independent body that manages slots at UK airports. The government said the change would allow carriers to “focus on minimising disruption” rather than flying to protect slots. Despite the move, the government said there was “no current need for passengers to change their travel plans”, in published by the Department for Transport on Friday. It said that UK airlines were “clear that they are not currently seeing a shortage of jet fuel” and that the government was regularly meeting with the industry to monitor the risks. It added: “We recognise that families m
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