Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
National
Simon Calder

Why jet fuel shortages are ‘unlikely’ despite the EU’s warning

  • József Váradi, CEO of Wizz Air, expressed doubt that European airports would run out of jet fuel, despite repeated warnings from European officials about dwindling supplies.
  • Váradi explained that the current high price of jet fuel, over twice its pre-conflict level at $1,500 a metric tonne, creates significant incentive for creative solutions, such as tankers transporting fuel from the United States to Europe.
  • In contrast to Váradi's confidence, the leaders of rival airlines Ryanair and easyJet have indicated they have limited visibility regarding fuel supplies for the upcoming peak summer season.
  • Should fuel shortages materialise, Váradi predicted a 'mess' that would require meticulous, location-by-location management, similar to how different countries handled the COVID-19 pandemic.
  • He suggested solutions like 'tankering' – aircraft carrying extra fuel for return journeys – and anticipated that sustained high fuel prices would lead to a significant reduction in airline capacity during September and October.

IN FULL

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.