Iran war: Jet fuel crisis deepens as Lufthansa cuts flights
Key takeaways
- The impact of jet fuel shortages because of the closure of the Strait of Hormuz is starting to burn.
- On Tuesday, April 21, Germany's largest carrier Lufthansa announced it had canceled 20,000 flights between May and October to try and save fuel.
- The airline said the short-haul flights being cut would remove "equivalent to approximately 40,000 metric tons of jet fuel, the price of which has doubled since the outbreak of the Iran conflict."
Why this matters: an international story with cross-border implications worth tracking.
The impact of jet fuel shortages because of the closure of the Strait of Hormuz is starting to burn. Lufthansa has canceled 20,000 flights and experts warn more cancellations and price hikes are on the way.
https://p.dw.com/p/5Cc NRThe ongoing crisis has shone a light on airlines' vulnerability to supply shocks, particularly in Europe and Asia Image: Hannes P Albert/dpa/picture alliance Advertisement The Iran war is having a profound effect on the global aviation sector, with jet fuel shortages and surging prices wreaking havoc on flight routes.
On Tuesday, April 21, Germany's largest carrier Lufthansa announced it had canceled 20,000 flights between May and October to try and save fuel.