AssetID: 55623818
Headline: UNCAPTIONED: Jet Fuel Shock Hits Europe As Airlines Cancel Flights And Ground Planes
Caption: Jet Fuel Shock Hits Europe As Airlines Cancel Flights And Ground Planes. European airlines are cutting flights and grounding aircraft as a fuel crisis deepens. The disruption is linked to the closure of the Strait of Hormuz amid the Middle East war. International Energy Agency chief Fatih Birol warned Europe may have only “six weeks” of jet fuel left. Fuel prices have more than doubled since late February, squeezing airline margins. Lufthansa will retire 27 aircraft early and cut additional fleet capacity. KLM is reducing flights from Amsterdam, targeting less profitable routes. Budget carriers like easyJet are also facing sharply rising fuel costs. Governments are stepping in, with Latvia backing airBaltic to avoid financial collapse. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Jet fuel,Europe,airlines,flights,ground planes,aircraft,crises,war,Iran,Strait of Hormuz,Middle East,Fatih Birol,Lufthansa,KLM,easyJet,airBaltic
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