Willie Walsh, Director General of the International Air Transport Association (IATA), commented that he was “deeply concerned” after the International Energy Agency (IEA) issued a warning about jet fuel shortages in Europe.
Director General Walsh stated, “We estimate that by the end of May, some flights in Europe may begin to be canceled due to a shortage of jet fuel. This is already happening in some parts of Asia. In addition to making every effort to secure alternative supply routes, it is important that the relevant authorities are fully informed and prepare coordinated plans, including the relaxation of slot rules, in case rationing becomes necessary.”
IEA Executive Director Fatih Birol said that Europe has “probably only six weeks of jet fuel left,” according to reports by BBC and other media.
According to the IEA’s monthly report released on April 16, in parts of the Middle East and Asia and in Europe—where crude oil inventories have been unable to make up for the shortfall—jet fuel consumption is rapidly declining due to flight cancellations.
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