TUI Assures No Jet Fuel Shortages
Iran's 20% oil supply blockage in February caused doubled fuel costs for airlines.
Spirit Airlines collapsed in May due to soaring fuel expenses.
Airlines raised fares and baggage fees, including $200 for third checked bags.
13,000 flights cut in May, impacting 2 million seats, as Lufthansa and WestJet trimmed unprofitable routes.
If Iran conflict continues until October, competition between heating oil and jet fuel could worsen shortages.
1 week ago