IATA's Walsh says current jet fuel crisis is not on the scale of covid, demand for flying continues to be strong
Importance
Level 1
- The concern is for a potential shortage during the peak summer period in the Northern hemisphere.
- Jet fuel shortage will affect Asia first, then Europe, then Africa and Latin America
- Rationing of fuel in Asia and Europe could lead to some flight cancellations
- There's no way airlines can absorb the massive increase in costs, will have to pass to consumers