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Jet Fuel Market Impact
Comparison of fuel market metrics during the crisis.
Primary Sources
Lufthansa Cuts 20,000 Flights to Save Fuel Amid Iran War Price Surge
AdvertisementSKIP ADVERTISEMENTYou have a preview view of this article while we are checking your access. When we have confirmed access, the full article content will load.Lufthansa Cuts 20,000 Flights to Save Fuel as Iran War Fallout SpreadsGlobal jet fuel prices have jumped more than 70 percent since the start of the war, pressuring airlines in Europe, the largest consumers of jet fuel shipped through the Strait of Hormuz.Listen · 3:42 min Lufthansa said it would cancel short-haul flights, focusing on unprofitable routes from Frankfurt and Munich.Credit...Lisi Niesner/ReutersApril 22, 2026Lufthansa Group, the German airline, said it would cut 20,000 flights over the next six months to save jet fuel as the pressure builds on companies to address surging prices and declining supplies of energy caused by the war in Iran.The airline said on Tuesday that it had already announced which flights it had trimmed through May. Overall, the cuts would save 40,000 metric tons of jet fuel through the end of October. The company added that it had secured its fuel supply for “the coming weeks.”Airlines across Europe have warned that the prolonged closure of the Strait of Hormuz, the narrow artery off Iran’s southern coast that is a critical route for energy supplies, would lead to fuel shortages and severe disruptions. Aviation operations in the Middle East and Asia were already affected by the war, leading to flight reductions and fuel surcharges on ticket prices.Europe is the largest consumer of jet fuel shipped through the strait. Those shipments account for about 41 percent of the region’s jet fuel imports, according to Macquarie Group, a financial services firm. Global prices of jet fuel have risen more than 70 percent since the start the war at the end of February, according to the Platts Jet Fuel Price Index.Last week, Fatih Birol, the head of the International Energy Agency, said Europe had about six weeks of jet fuel supplies. European transportation ministers met on Tuesday to discuss the energy crisis.Apostolos Tzitzikostas, the European commissioner for transport, said officials were working to secure alternative fuel supplies, including from the United States.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe.AdvertisementSKIP ADVERTISEMENT
Lufthansa cancels 20K flights as Iran war sends jet fuel costs soaring
Posted April 22, 2026 9:17 am Updated April 22, 2026 11:59 am 1 min read 1:57 Here’s how the Jet fuel crisis could upend your summer travel plans WATCH ABOVE: Airlines around the world are already scaling back flights because of jet fuel costs and availability. And experts say the worst in yet to come. German airline Lufthansa is cancelling 20,000 flights as the Iran war sends jet fuel costs soaring around the world, the carrier said in a statement Tuesday. The airline said it is cancelling a number of flights this summer operated by Lufthansa CityLine, a Lufthansa subsidiary that operates short-haul flights across Europe.The first 120 flight cuts have already been announced between now and May 31, with the passengers having been informed, and more flight reductions through to October are yet to be announced.The initial reduction includes cancellation of routes from Frankfurt to Bydgoszcz and Rzeszów in Poland, as well as Stavanger in Norway. At least three destinations have been temporarily removed from the current flight schedule. Get daily National news Get daily Canada news delivered to your inbox so you'll never miss the day's top stories. The cancellations will end up amounting to 20,000 short-haul flights from May to October, the company said. Story continues below advertisement The reductions will result in “jet fuel savings of more than 40,000 metric tons,” the company said. More flight cancellations will be announced by late April or early May, it added.“For the flights scheduled in the summer timetable, the Group expects a largely stable fuel supply. Lufthansa is pursuing a range of measures to this end, including the physical procurement of jet fuel as well as price hedging,” Lufthansa said in its statement. 1:48 European vacation dreams in jeopardy as jet fuel could run out in 6 weeks amid Iran war A surge in jet fuel prices driven by the U.S.-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise their financial outlooks.Jet fuel prices have soared from US$85 to US$90 per barrel to US$150 to US$200 per barrel in recent weeks, a financial hit for an industry where fuel accounts for up to a quarter of operating expenses. Story continues below advertisement — with files from Reuters © 2026 Global News, a division of Corus Entertainment Inc.
Lufthansa cuts 20,000 summer flights as fuel prices surge - BBC
20 hours ago ... The airline is the latest to cut flights as the US-Israel war with Iran sends jet fuel prices soaring.
Lufthansa axes 20000 'unprofitable' flights to save jet fuel - POLITICO
BRUSSELS — Lufthansa is ending 20,000 short-haul routes across its network through October to achieve “jet fuel savings of more than 40,000 metric tons,” ...
