Jet fuel crisis deepens as Lufthansa cuts 20,000 flights

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NEWS SUMMARY

Lufthansa canceled 20,000 flights between May and October due to a deepening jet fuel crisis caused by the Iran war and Strait of Hormuz closure. This action aims to conserve approximately 40,000 metric tons of jet fuel, the price of which has doubled since the conflict began.

Full BriefGenerated 0m ago

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.

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