Europe is weeks away from crossing a critical threshold that represents a severe and immediate shortage of jet fuel, triggering many more flight cancelations and even the possible closures of smaller airports.
A new Goldman Sachs research report estimates that Europe’s commercial jet fuel inventories are slated to dip below the International Energy Agency’s critical 23-day shortage threshold sometime in June. “The U.K. appears most at risk of jet fuel rationing given its large net imports,” the report argued.
