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Aviation Stock Market Decline
Percentage decline in major airline stocks following the Hormuz blockade announcement.
Primary Sources
Airports warn of 'systemic' jet fuel shortage if Strait of Hormuz stays ...
A trade body for European airports has warned over a “systemic” shortage of jet fuel ahead of the peak summer season if the Strait of Hormuz does not reopen in the weeks ahead.Airports Council International (ACI), which represents more than 600 airports, wrote a letter to the European commissioners for energy and transport and tourism.The body’s director-general Olivier Jankovec wrote in the letter: “At this stage, we understand that if the passage through the Strait of Hormuz does not resume in any significant and stable way within the next three weeks, systemic jet fuel shortage is set to become a reality for the EU.“The fact that we are entering the peak summer season… is only adding to those concerns.”Supplies of jet fuel – which is used to fly planes – from the Middle East have been disrupted since the US-Israel’s war with Iran because of Iran’s effective closure of the Strait of Hormuz, a critical international shipping route.This has led to soaring prices and warnings that flights could be affected because of Europe’s reliance on fuel imports from around the world.Analysts have also said higher jet fuel prices can be quicker to pass through to airfares than road fuel and household energy costs.Ryanair’s boss Michael O’Leary said earlier this month that if the war continues, then there was a risk of “disruptions in Europe in May and June”, adding that “maybe 10%, 20%, 25% of our supplies might be at risk”.Sir Keir Starmer has been visiting allies in the Gulf for talks on how to support what he described as a “fragile” ceasefire between the US and Iran, which was agreed this week.He spoke to US President Donald Trump about the need for a “practical plan” to get shipping going through the Strait of Hormuz amid suggestions Tehran wants to charge vessels for passage.In its letter, the ACI says jet fuel supply for the next six months needs to be urgently monitored by the European Commission, including identifying action that can be taken to increase production within the EU.It also asks them to consider temporarily lifting restrictions and regulations that limit the ability to import jet fuel.“This crisis has exposed the reduced refining capacity of the EU for jet fuel production, and its acute dependence on imports from other world regions,” Mr Jankovec warned on behalf of the body.Susannah Streeter, chief investment strategist for Wealth Club, said: “Carriers have had to deal with a more than doubling of fuel costs since the conflict erupted and the thr...
Europe Braces for Jet Fuel Crunch as Hormuz Crisis Deepens
The Traveler contains affiliate links. If you click through and make a purchase, we may earn a small commission at no extra cost to you. We are grateful if you use these as it helps a lot! Read the full policy. European aviation is entering a critical three-week window as the ongoing disruption in the Strait of Hormuz threatens to choke off jet fuel supplies, raising the prospect of flight cuts, higher fares and renewed economic strain just as the region gears up for the peak summer travel season. Get the latest news straight to your inbox! Strait of Hormuz Shock Ripples Through Europe’s Fuel SupplyIndustry assessments indicate that the effective closure of the Strait of Hormuz since late February has removed around one fifth of global seaborne jet fuel from the market, hitting Europe alongside Asia and Africa. Trade data specialists estimate that Europe alone has lost close to 300,000 barrels per day of jet fuel imports, most of which typically flow to north-west European hubs that then redistribute supplies across the continent.The narrow waterway off Iran’s southern coast is a conduit for roughly 20 percent of global oil exports and a significant share of refined products such as aviation kerosene. Maritime tracking and shipping updates show tankers clustered in Gulf waters or diverted to alternative routes, while war-risk insurance costs and security concerns have kept many shipowners from sending new vessels into the area. Despite a recent, fragile ceasefire around Iran, analysts note that tanker flows remain far below normal levels.European policymakers had already been grappling with elevated energy prices following the region’s efforts to curb dependence on Russian fossil fuels. Commentaries from energy think tanks suggest the Hormuz disruption is layering a refined fuel shock on top of an existing gas and crude oil crunch, intensifying pressure just as inflation had begun to ease. Refined fuels such as jet and diesel are described as particularly exposed, with some estimates suggesting that up to 40 percent of jet fuel reaching Europe depends directly or indirectly on Gulf routes.Airports Warn of ‘Systemic’ Shortages Within Three WeeksThe starkest warning so far has come from airport operators. Europe’s main airport trade body has cautioned in recent days that the continent faces a “systemic shortage” of jet fuel if tanker traffic through Hormuz is not substantially restored within three weeks. In a letter to senior European Union transport and...
The closure of the Strait of Hormuz has triggered the biggest oil ...
The closure of the Strait of Hormuz has triggered the biggest oil supply shock on record — and airlines from Seoul to Stockholm are scrambling. Asia is...
European Airports Warn of Jet Fuel Shortages Amid Hormuz ...
European airports face the risk of jet fuel shortages within weeks if transit through the Strait of Hormuz is not restored, according to industry warnings.
