DREAM / The Prime Minister resigns and wakes up under the Parisian bridge!

 Kliko këtu për të tjera
Voxpress:

Hormuz crisis raises airfares and threatens summer vacations

2026-05-12 18:50:32Kosova&Bota SHKRUAR NGA REDAKSIA VOX

Hormuz crisis raises airfares and threatens summer vacations

The shortage of jet fuel is causing a deep crisis in global air transport, leading to numerous flight cancellations, significant increases in ticket prices and great pressure on airlines ahead of the summer season.

The conflict in the Strait of Hormuz has paralyzed maritime transport and disrupted oil exports from the Persian Gulf, directly affecting the production of kerosene and jet fuel.

Refineries in the Middle East, which supply over 10% of global production, are facing great difficulties in shipping cargoes out of the region.

Jet fuel prices have surpassed the historic level of $200 per barrel, dealing a severe blow to airlines.

Many companies have canceled thousands of flights, grounded older and more energy-intensive aircraft, and increased ticket prices.

Asia is the most affected region, as it absorbs most of the oil passing through Hormuz, while Europe is also under pressure, importing about 40% of its jet fuel, half of which passes through this strait.

European refineries are operating at maximum capacity, while imports from North America and Africa have increased, but the International Energy Agency warns that reserves could reach critical levels as early as June.

In the United States, President Donald Trump has declared that the country has ample reserves, but refineries are already operating at record levels and the capacity for further growth is limited.

Airlines are under immense pressure, with fuel accounting for up to 30% of operating expenses. American Airlines is forecasting additional costs of more than $4 billion this year, while British Airways owner IAG is forecasting around €2 billion.

Low-cost carriers are more at risk, facing great difficulties in maintaining low fares.

Passengers are already feeling the effects of the crisis. Ticket prices have increased significantly, with fuel surcharges and additional baggage fees.

Cathay Pacific has imposed refunds of up to $350 for long-haul flights, while in the US average international ticket prices have increased by 16%, to $1,101, and domestic flights by 24%, to $365.

Analysts warn that more flight cancellations are on the horizon, as airlines have already cut summer capacity by 4%, removing more than 9 million seats from schedules. Lufthansa has announced the cancellation of 20,000 short-haul flights in Europe.


Në përputhje me standarded JTI

Video

SHIKO KANALIN NE YOUTUBE
×