Two million airline seats have been cut from global schedules in May as carriers respond to soaring jet fuel prices linked to the Middle East conflict. Data from aviation analytics firm Cirium shows around 13,000 fewer flights will operate worldwide this month, including 111 net cancellations from London Heathrow.
The price of jet fuel has more than doubled since the US-Israel attack on Iran and the closure of the Strait of Hormuz. Although the reductions represent less than 2% of global capacity, industry fears are growing over potential summer cancellations if the war continues to disrupt fuel supplies.
The UK is the most exposed European country, being the largest net importer of jet fuel with low inventory, high reliance on imports, and reduced domestic refining capacity. Analysts at Goldman Sachs warned that stocks could fall to critically low levels, increasing the likelihood of rationing measures.
In response, the UK government has announced measures to avoid late disruption for holidaymakers, including relaxing slot rules to allow airlines to cancel flights with fewer seats sold without losing future operating rights. Ministers also said carriers could consolidate schedules on routes with multiple daily flights to the same destination.
Transport Secretary Heidi Alexander stated there were no immediate supply issues but stressed the importance of preparing now to provide families with long-term certainty and avoid unnecessary disruption at departure gates this summer. UK refineries have been asked to maximise jet fuel production under contingency plans.
