- Air New Zealand has further reduced its domestic flight schedule for May and June, citing ongoing high jet fuel costs, leading to the grounding of one in 25 flights.
- It comes as Australia's government announced the nation currently holds only a 30-day supply of jet fuel, highlighting broader concerns about aviation fuel availability.
- Ryanair CEO Michael O’Leary warned of potential jet fuel supply disruptions in Europe during May and June if the conflict continues, though major UK and Irish airlines are confident for April.
- While the impact on UK passengers has been minimal, some smaller airlines have made cuts or applied surcharges, and the situation in parts of Asia is more severe with flight cancellations.
- Airlines not protected by fuel hedging are experiencing significant cost increases, leading to some flight cancellations based on profitability, with future airfares likely to rise as hedging arrangements unwind.
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