Airline fuel prices double, choking the global aviation industry through a single strait

2026-04-05 21:05:48

Over the past few weeks, aviation fuel prices have surged sharply from $85–$90 per barrel to $150–$200 per barrel, posing major challenges for the global aviation industry, as several airlines begin to adjust their operating strategies. On the 4th local time, Manex Fortma, chairman of the representative committee of KLM Royal Dutch Airlines, issued a warning that if shipping through the Strait of Hormuz remains disrupted, airlines may face pressure to be forced to cancel flights about six weeks later. Benjamin Smith, CEO of the Air France–KLM Group, said the company is preparing for a potential fuel shortage. Michael O’Leary, CEO of Europe’s largest low-cost carrier Ryanair, said on the 1st of this month that the airline may face a fuel supply shortfall of up to 25% in May to June, and that overall European aviation fuel supplies will be tight in May. O’Leary also said there is a possibility of a substantial increase in air ticket prices from April to June. (CCTV Finance)

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