Geneva: The International Air Transport Association (IATA) warned today that global jet fuel supplies will likely take several months to stabilise following the widespread disruptions caused by the recent regional conflict. Despite the brokered cea
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Geneva: The International Air Transport Association (IATA) warned today that global jet fuel supplies will likely take several months to stabilise following the widespread disruptions caused by the recent regional conflict.
Despite the brokered ceasefire, the aviation industry faces a prolonged recovery period as supply chains remain fractured.
IATA Director General Willie Walsh noted that while the cessation of military operations is a relief, the ‘logistical hangover’ is significant. Refineries that were sidelined or faced feedstock issues, particularly in the Middle East, are only now beginning to ramp back up.
Furthermore, major shipping lanes which had seen a total halt in tankers require weeks to clear backlogs and return to normal scheduling.
Airlines are expected to maintain ‘contingency surcharges’ in the interim to manage the volatility in fuel prices. While global oil prices have begun to cool from their wartime peaks, the specialised nature of jet fuel production means localized shortages may persist at major international hubs well into the summer season.
