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JET FUEL SUPPLY CRISIS
India's May fuel consumption up 2.4%; LPG demand drops 20% amid Hormuz disruptionsIndia's fuel consumption rose to 19.93 million metric tons in May, a slight increase from April but a 6.5% drop year-on-year. Liquefied pet...- SpiceJet funding crunch delays pilot pay, messages show, as it seeks state-backed loanSpiceJet is delaying pilot salaries since March, seeking an emergency government loan to stabilize operations amid rising fuel costs and re...
- US carriers spent $6. 5B on fuel in April; global profit forecast is cut nearly in halfAirlines are facing a fuel price shock. U.S. carriers spent over six billion dollars on jet fuel in April, a significant jump from last yea...
- Higher airfares can price out people from flying: IATA Chief EconomistAirlines plan to increase ticket prices to offset rising fuel costs. This move might make flying unaffordable for some travelers. Jet fuel ...
- India has 76 days of fuel reserves, oil supplies secure: Hardeep Singh PuriIndia possesses robust fuel reserves, sufficient for approximately one month of disruption. The nation's diversified sourcing strategy and ...
- Global airlines slash 2026 profit forecast on fuel shock from Iran warThe global airline industry has significantly lowered its 2026 profit forecast due to rising fuel costs and disruptions from the Iran war. ...
- Middle East conflict fuels airline bankruptcy risks, more mergers likely: IATASoaring jet fuel prices due to Middle East conflict are pushing budget airlines towards bankruptcy and industry consolidation, according to...
- Airline chiefs grapple with fuel shock, fare test at Rio summitGlobal airline leaders gather in Rio de Janeiro facing a tough recovery test. The Iran war is increasing fuel costs and disrupting flight p...
- Airbus delays XLR deliveries to IndiGo as war hits suppliersDeliveries of the A321XLR jets from Airbus are lagging, and IndiGo, a prominent airline in India, is bracing for holdups affecting several ...
- Boeing weighs 737 ramp-up to approach Airbus production targets, Air Current reportsBoeing is considering a significant increase in its 737 jet production. The company is exploring plans to boost output to approximately 70 ...
- India set to implement 2-3 more FTAs in six months, says commerce minister Piyush GoyalIndia is set to implement at least two to three more free trade agreements within the next six months, with an additional three to four sig...
- Global airline chiefs to confront Iran war fuel shock at industry summitAirline leaders meet in Rio de Janeiro facing a major industry crisis. The Iran war is increasing jet fuel costs and disrupting flights. Th...
- Cabinet approves Rs 10,000 crore fund to cap jet fuel prices; clears Rs 24,249 crore highway projectsAviation Turbine Fuel prices will be capped by state-run oil companies. The government has approved a ₹10,000 crore support scheme. This ai...
- Fuel price shield helping India and consumers to tackle West Asia crisis: Gita GopinathIndia is already cushioning the economy from the West Asia crisis. Gita Gopinath, former IMF Deputy Managing Director, states the governmen...
- India's fuel exports plunge in May as domestic demand takes priorityIndia's fuel exports saw a significant drop in May, reaching their lowest point in almost four years. This decline was driven by efforts to...
- JetBlue flags higher fuel costs as Iran conflict drags onFuel price volatility has prompted airlines across the globe to hike passenger fares and baggage fees to recover higher costs, as well as c...
- Fuel duty cuts can power export hikeIndia's fuel exports are set to rise following export duty cuts. This move aims to restore shipments to Europe and West Asia. High crude oi...
- Jet fuel under-recovery at Rs 30/Litre, LPG demand managed: Govt as fuel sales surge 30% in MayDomestic jet fuel prices continue to track international markets with under-recovery of around Rs 30 per litre, the government said Monday,...
- ATF prices for international airlines slashed 27%; domestic rates unchangedInternational airlines see a significant 27 percent cut in jet fuel prices. Domestic carriers, however, continue to pay unchanged rates. Co...
- Europe's green jet fuels see upside in Iran warEurope is looking at synthetic jet fuel to reduce reliance on foreign oil. The Iran war has made this cleaner fuel more attractive. While p...
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