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Jet Fuel Crisis Threatens Airlines as Supply Dries Up

Wall Street Journal US Business •
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A severe jet fuel shortage is crippling airlines across Asia and Europe as the conflict with Iran disrupts one of the world's most critical fuel supply routes. China has halted jet fuel exports to prioritize domestic needs, while airports in Vietnam and Myanmar are already experiencing supply shortages. The situation threatens to worsen in Europe by May if the Strait of Hormuz remains closed.

Airlines are scrambling to adapt as the crisis deepens. United Airlines has canceled red-eye and midweek flights, while Air France is imposing surcharges on business class passengers to offset the higher costs of heavier seats. Korean Air has declared a corporate emergency, restricting all nonessential travel. Industry experts warn that even if the current cease-fire holds, jet fuel supplies won't recover for months.

The aviation industry faces mounting pressure as jet fuel prices surge and flight schedules are reduced. Airlines warn that the shortage could trigger widespread cancellations and higher fares for passengers. With no immediate relief in sight, the crisis threatens to reshape global air travel patterns and airline profitability for the foreseeable future.