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    <title>Aaj TV English News - Business &amp; Economy</title>
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    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Fri, 10 Apr 2026 22:56:30 +0500</pubDate>
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      <title>Europe could face jet fuel crunch within weeks, airports body warns</title>
      <link>https://english.aaj.tv/news/330456741/europe-could-face-jet-fuel-crunch-within-weeks-airports-body-warns</link>
      <description>&lt;p&gt;&lt;strong&gt;Europe’s airport industry group has warned that the continent could face a systemic jet fuel shortage ​in three weeks unless the Strait of Hormuz opens up, calling for urgent ‌EU-wide action to secure supplies ahead of the peak summer travel season.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;In a letter to the European Commission dated April 9, the Airports Council International Europe (ACI) said a fuel crunch would “significantly harm ​the European economy,” compounding the macroeconomic impact of rising oil prices triggered by ​the Middle East conflict.&lt;/p&gt;
&lt;p&gt;The &lt;em&gt;Financial Times&lt;/em&gt; was first to report on ⁠the letter on Friday. The Commission did not immediately respond to a request for ​comment.&lt;/p&gt;
&lt;p&gt;Air connectivity contributes 851 billion euros ($997.03 billion) in gross domestic product annually for European economies and ​supports 14 million jobs, with airports handling 26% of Europe’s exports by value, based on data up to 2019 from an ACI study.&lt;/p&gt;
&lt;p&gt;A meeting of the European Commission’s oil coordination group this week showed ​there was currently no EU-wide mapping, assessment or monitoring of jet fuel production ​and availability, ACI director general Olivier Jankovec said in the letter.&lt;/p&gt;
&lt;p&gt;The body has asked the Commission to step in and ‌map ⁠current and projected jet fuel availabilities against needs, identify alternative import sources, assess threats to intra-EU fuel flows, and evaluate commercial and strategic reserve levels.&lt;/p&gt;
&lt;p&gt;Jet fuel prices have more than doubled to $150 to $200 per barrel in recent weeks, a financial hit for an ​industry where fuel accounts ​for up to ⁠a quarter of operating expenses.&lt;/p&gt;
&lt;p&gt;The letter also called for a series of immediate policy interventions, including the temporary lifting of import restrictions ​on jet fuel, namely those under the EU’s new methane ​regulation, which ⁠will come into force in January 2027.&lt;/p&gt;
&lt;p&gt;Jankovec warned the rules had already been discouraging third-country fuel sellers from signing supply contracts for this summer.&lt;/p&gt;
&lt;p&gt;The body also suggested collective EU purchasing of jet ⁠fuel ​and targeted refinery obligations to safeguard production and include ​airports, airlines and ground handlers in state aid in response to the crisis.&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>Europe’s airport industry group has warned that the continent could face a systemic jet fuel shortage ​in three weeks unless the Strait of Hormuz opens up, calling for urgent ‌EU-wide action to secure supplies ahead of the peak summer travel season.</strong></p>
<p>In a letter to the European Commission dated April 9, the Airports Council International Europe (ACI) said a fuel crunch would “significantly harm ​the European economy,” compounding the macroeconomic impact of rising oil prices triggered by ​the Middle East conflict.</p>
<p>The <em>Financial Times</em> was first to report on ⁠the letter on Friday. The Commission did not immediately respond to a request for ​comment.</p>
<p>Air connectivity contributes 851 billion euros ($997.03 billion) in gross domestic product annually for European economies and ​supports 14 million jobs, with airports handling 26% of Europe’s exports by value, based on data up to 2019 from an ACI study.</p>
<p>A meeting of the European Commission’s oil coordination group this week showed ​there was currently no EU-wide mapping, assessment or monitoring of jet fuel production ​and availability, ACI director general Olivier Jankovec said in the letter.</p>
<p>The body has asked the Commission to step in and ‌map ⁠current and projected jet fuel availabilities against needs, identify alternative import sources, assess threats to intra-EU fuel flows, and evaluate commercial and strategic reserve levels.</p>
<p>Jet fuel prices have more than doubled to $150 to $200 per barrel in recent weeks, a financial hit for an ​industry where fuel accounts ​for up to ⁠a quarter of operating expenses.</p>
<p>The letter also called for a series of immediate policy interventions, including the temporary lifting of import restrictions ​on jet fuel, namely those under the EU’s new methane ​regulation, which ⁠will come into force in January 2027.</p>
<p>Jankovec warned the rules had already been discouraging third-country fuel sellers from signing supply contracts for this summer.</p>
<p>The body also suggested collective EU purchasing of jet ⁠fuel ​and targeted refinery obligations to safeguard production and include ​airports, airlines and ground handlers in state aid in response to the crisis.</p>
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      <category>Business &amp; Economy</category>
      <guid>https://english.aaj.tv/news/330456741</guid>
      <pubDate>Fri, 10 Apr 2026 19:34:37 +0500</pubDate>
      <author>none@none.com (Reuters)</author>
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        <media:title>An Emirates plane with German tourists evacuated from the Middle East arrives from Dubai, amid the US-Israeli conflict with Iran, at the airport in Frankfurt, Germany, March 3, 2026. Reuters file
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