Lufthansa Cuts 20,000 Flights to Save Fuel as Iran War Fallout Spreads
Global jet fuel prices have jumped more than 70 percent since the start of the war, pressuring airlines in Europe, the largest consumers of jet fuel shipped through the Strait of Hormuz.
Lufthansa Group, the German airline, said it would cut 20,000 flights over the next six months to save jet fuel as the pressure builds on companies to address surging prices and declining supplies of energy caused by the war in Iran.
The airline said on Tuesday that it had already announced which flights it had trimmed through May. Overall, the cuts would save 40,000 metric tons of jet fuel through the end of October. The company added that it has secured its fuel supply for “the coming weeks.”
Airlines across Europe have warned that the prolonged closure of the Strait of Hormuz, the narrow artery off Iran’s southern coast that is a critical route for energy supplies, would lead to fuel shortages and severe disruptions. Aviation operations in the Middle East and Asia were already affected by the war, leading to flight reductions and fuel surcharges on ticket prices.
Europe is the largest consumer of jet fuel shipped through the strait. Those shipments account for about 41 percent of the region’s jet fuel imports. Global prices of jet fuel have risen more than 70 percent since the start the war at the end of February, according to the Platts Jet Fuel Price Index.
Last week, Fatih Birol, the head of the International Energy Agency, said that Europe had about six weeks of jet fuel supplies. European transportation ministers met on Tuesday to discuss the energy crisis.
Apostolos Tzitzikostas, the European commissioner for transport, said officials were working to secure alternative fuel supplies, including from the United States.
“And if real supply issues arise, our emergency stocks must be put to the best use,” he added. The European Commission will make jet fuel its first priority as it increases coordination of the distribution of fuel across Europe, he said on Wednesday.
Lufthansa said it would cancel short-haul flights, focusing on unprofitable routes from Frankfurt and Munich, but would expand routes from its other hubs in Zurich, Vienna and Brussels. Last week, the airline announced measures to save fuel and other costs, permanently grounding 27 older-model planes operating on its Lufthansa CityLine, a regional carrier, and axing some of its long-haul flights at the end of the summer.
Other airlines have warned about the cost of fuel and potential flight disruptions.
Ryanair, a low-cost European airline, said last week that its suppliers could guarantee it enough jet fuel only through most of May. The Dutch airline KLM said that while it was not short of kerosene, it was cutting 80 return flights to and from Amsterdam to save money.
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