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Europe's Largest Budget Carrier Ryanair: If Middle East Conflict Not Eased Within One Month, European Aviation Fuel Supply May Face Shortage from June
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Ryanair, Europe's largest budget carrier, Chief Executive Officer Michael O'Leary warned that if the Middle East conflict does not ease within one month, aviation fuel supply in Europe may be disrupted starting in June. If fuel supply faces a 10% or 20% shortage risk in June, July or August, it could force the company and its competitors to consider cancelling some summer flights or reducing capacity. He said the company is holding daily calls with all fuel suppliers across Europe to assess the situation, citing suppliers as saying supply will remain stable until the end of May. The company will decide on a weekly basis which flights to cut, focusing on airports where fuel supply is constrained. He specifically noted that as the United Kingdom imports a significant amount of oil from Kuwait, it would be the most affected in the European market by any potential aviation fuel shortage. Deutsche Lufthansa previously stated that it is preparing for possible fuel shortages outside Europe, adding that some Asian airports have stopped accepting additional flights due to fuel supply restrictions. In addition, Scandinavian Airlines and Vietnam Airlines have cancelled some flights, while United Airlines (UAL.US) has also reduced certain loss-making routes due to soaring oil prices. (fc/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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