"O'Leary said he does not expect immediate shortages but cautioned that supply pressures could begin to emerge within weeks, raising concerns for the peak summer travel season."
"The Strait, through which roughly a fifth of the world's oil supply typically passes, has been largely blocked following the escalation of hostilities after US-Israeli strikes on Iran earlier this year."
"Industry analysts warn that any sustained disruption could have far-reaching consequences for aviation, potentially driving up ticket prices, reducing flight capacity, and placing additional strain on airlines already grappling with volatile energy costs."
"With the summer travel season approaching, the prospect of constrained fuel supplies adds a new layer of uncertainty for both airlines and passengers, as the wider economic fallout from the Middle East conflict continues to ripple across global markets."
Ryanair's CEO Michael O'Leary warned of potential jet fuel supply disruptions as early as May due to the conflict involving Iran. While immediate shortages are not expected, supply pressures could emerge soon, raising concerns for the summer travel season. The Strait of Hormuz, a critical route for global oil supply, has been largely blocked following US-Israeli strikes on Iran. Analysts indicate that sustained disruptions could lead to increased ticket prices and reduced flight capacity, affecting airlines' profitability and operations during peak travel times.
Read at London Business News | Londonlovesbusiness.com
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