Airlines cut 13,000 flights in May as jet fuel prices soar
Baku, May 6, AZERTAC
Airlines have cut 13,000 flights globally in May as jet fuel prices soar due to the conflict in the Middle East, according to BBC.
Airlines have removed nearly two million seats from flights over May, new data shows. The cuts come ahead of the UK half-term holidays at the end of the month.
Istanbul and Munich have seen the largest reduction in flights, according to figures from aviation analytics firm Cirium.
The trade body for British airlines said they were operating as normal and not currently facing supply issues, but welcomed the government's contingency plans which will prevent them from losing take-off and landing slots if they cancel flights.
The cancellations for May represent just 1% of global flights and UK flights to "key summer sun destinations" are unaffected, according to the travel agents' trade body Advantage Travel Partnership.
Chief executive Julia Lo Bue-Said said "airlines will be assessing poor performance flights and consolidating or cancelling as required".
But the cancellations are, overall, "marginal", and "UK departures, including key summer sun destinations, remain unaffected, so customers can continue to book with confidence".
Jet fuel prices have more than doubled since the beginning of the war — one tonne was trading at $831 in late February, and by early April, it hit a high of $1,838.
Airlines have said they are not currently experiencing fuel supply problems, but experts have warned that disruption to deliveries because of the Iran war could bring shortages within weeks.
Many airlines have already pushed up ticket prices. Air France, KLM, Air Canada, Delta and SAS have already trimmed their summer schedules.
But Wizz Air's chief executive has said that some European flight prices were falling as airlines try to attract hesitant customers.
The German group Lufthansa said earlier this month it would remove 20,000 flights between now and the end of October.
In mid-April, the head of the International Energy Agency (IEA), which advises 32 member governments on energy supply and security, warned that Europe had Europe would face jet fuel shortages by June unless more can be secured from elsewhere.
In the UK, the government is preparing a number of concessions. These include allowing airlines to cancel flights at busy airports like Heathrow well in advance, without the risk of losing valuable take-off and landing slots.
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