Airlines face five-week cliff edge before fuel shortages could ground flights Aviation Britain’s airlines face significant disruption in a matter of weeks if the war in Iran continues throughout April, as a global jet fuel shortage has already forced carriers in Asia to slash service levels in a bid to manage supplies. Major UK-based carriers have said that they have between five and six weeks’ worth of [...]
Rolls-Royce shares rocket to recovery as FTSE 100 takes off Aviation Shares in City heavyweight Rolls-Royce helped lead London’s blue-chip index higher this morning as markets were buoyed by hopes of peacetalks in the Middle East. Rolls-Royce stock soared as much as seven per cent on open to 1,215.00p. It followed comments from Donald Trump that the US would “leave” Iran in “two to three weeks”. [...]
IAG and Ryanair ‘best equipped’ to manage airlines’ fuel rationing Aviation Ryanair and British Airways owner IAG are the two carriers best equipped to manage the crisis unfolding in the in the Middle East, according to a top investment bank which warned that potential supply rationing of jet fuel “could not be ruled out”. In a note published on Wednesday, Panmure Liberum said the pair of [...]