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Stock impact report

UK airlines call for emergency jet fuel plan to avert summer chaos [Yahoo! Finance Canada]

INTL CONSL AIRLNS S/ADR (ICAGY) 
NASDAQ:AMEX Investor Relations: iagshares.com
Airlines UK said ministers must prepare for fuel shortages now if disruption to flights is to be avoided. The association's members include , Virgin Atlantic and easyJet. ACI Europe, which represents airports, has warned that some hubs may begin to run short of jet fuel by the middle of May, following the closure of vital supply lines during the Iran war. Airlines UK urged Britain to bolster fuel reserves by forcing refineries to produce more kerosene and temporarily allowing US-grade fuel, which can be used by some planes, to be imported. It called for Labour to cushion cost increases with measures including tax cuts and the suspension of stringent environmental regulations imposed on carriers. The group warned about the “immediate impact on the UK aviation sector and UK consumers in the event disruption to jet fuel supply ”. Airlines UK's demands, made in a paper sent to ministers and the Civil Aviation Authority, will be seen as an indication of the level of concern amon Show less Read more
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