Lufthansa's aviation fuel crisis led to 20,000 flight cancellations
Lufthansa is reducing its flight schedule due to rising jet fuel prices. The company announced that 20,000 short-haul flights will be cancelled by October. The Lufthansa Group said that flight options will be optimized and capacity reduced throughout the summer season. It was noted that jet fuel prices have doubled since the beginning of the conflict in the Middle East, and the planned cancellation of flights has saved about 40,000 metric tons of fuel. The changes will mainly affect unprofitable short-distance flights, while more effectively supporting the global network, especially long-haul flights. As part of the new planning, 120 flights per day have already started to be cancelled at the first stage, and route planning for the coming months will be reviewed in line with reduced capacity. Meanwhile, Fatih Birol, director of the International Energy Agency, warned last week that Europe could soon face the risk of jet fuel shortages. Similar steps are also being observed throughout the sector. KLM has announced that it will cancel 160 domestic flights next month due to rising fuel prices, while Lufthansa has also decided to stop flights of its CityLine subsidiary due to rising costs. In the European Union, refineries can meet about 70% of aviation fuel needs, while the remainder is mainly imported from the Middle East and the Persian Gulf.
Author: SteelRadar Editorial Team
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