Tourexpi
The European Commission has warned airlines and member
states to prepare for all scenarios as uncertainty continues over the duration
of the jet fuel crisis. The move comes amid ongoing concerns about supply
stability and sharply rising fuel costs across Europe.
Speaking in Brussels, Commission spokesperson
Anna-Kaisa Itkonen said the situation remains unpredictable. “I don't think
anyone knows how long this situation will last, so the best we can do and the
most effective thing that we can do and that we are doing is to prepare for all
eventualities,” she said.
Close coordination and new guidance
The Commission is working closely with EU member
states, industry stakeholders and international organisations to monitor
developments. Weekly coordination meetings include representatives from the
International Energy Agency and other key actors.
According to the Commission, there is a comprehensive
overview of current fuel stocks, including both strategic oil reserves and
commercial jet fuel supplies. New guidance for airlines is expected this week
and will address several operational and regulatory issues.
These include rules to prevent so-called tankering
practices, passenger rights in the event of disruptions and the potential use
of North American jet fuel types in Europe. Technical recommendations on fuel
compatibility will be provided by the European Union Aviation Safety Agency.
Rising prices and supply risks
Jet fuel prices in Europe have increased significantly
over the past year, driven by geopolitical tensions in the Middle East and
disruptions to shipments through the Strait of Hormuz. European refineries
typically cover around 70 percent of demand, with the remainder largely
imported from Gulf and Middle Eastern suppliers.
Fatih Birol, Executive Director of the International
Energy Agency, recently warned that Europe could face a short-term risk of jet
fuel shortages.
Airlines already under pressure
Several European carriers are already adjusting
operations in response to higher costs. KLM plans to cancel 160 intra-European
flights this month. Lufthansa has announced the suspension of operations at its
CityLine subsidiary and the cancellation of 20,000 short-haul flights scheduled
through October.
Other industry players, including Ryanair, easyJet and
TUI Group, have also revised their forecasts downward, citing difficult market
conditions.
The developments highlight the growing impact of
energy market volatility on aviation, as airlines and regulators seek to
maintain stability in an increasingly uncertain environment.
Image Credit: © AA
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