Airlines slash flights as fuel shortage fears mount

major airlines have cut millions of seats from their schedules as fuel shortage fears spread. the crisis in the middle east is the direct cause, disrupting supply routes and pushing jet fuel prices higher. carriers in europe and asia have been hit hardest, with several already announcing reduced long-haul service for the coming weeks.

british airways and lufthansa each trimmed over 500,000 seats from their november schedules. air france-klm followed with a 12% reduction in asia-pacific routes. the cuts are concentrated on flights that require refueling stops in the gulf region, where insurance costs have also spiked.

source: ft_home
sentiment: -0.70 · impact: 0.80