Key insights
- IATA warns of potential flight cancellations in Europe starting late May due to jet fuel shortages. This could negatively impact airline revenues and travel-related sectors, but the direct impact on US equities is limited unless it escalates into a broader global supply chain crisis.
Investing.com -- Flights in Europe could be cancelled starting from the end of May due to a shortage of jet fuel, according to Willie Walsh, director general of the International Air Transport Association.
Walsh said on Friday that the industry is working to secure alternative supply lines to address the potential fuel shortage.
He emphasized the need for authorities to establish well-communicated and coordinated contingency plans in case fuel rationing becomes necessary. These plans should include provisions for slot relief, Walsh added.
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