Global airlines reduce capacity amid jet fuel supply concerns

Global airlines have removed approximately 2 million seats from May flight schedules following rising concerns over jet fuel supply. Data from aviation analytics firm Cirium, cited by the Financial Times, indicates that total available seats dropped from 132 million to 130 million within recent weeks. Additionally, approximately 12,000 flights have been cancelled as a result of these logistical challenges. The instability is largely attributed to geopolitical tensions in the Middle East and rising energy costs. Reports suggest that fuel prices have increased significantly following regional conflicts involving Iran, Israel, and the United States. Furthermore, disruptions to shipping routes, specifically the Strait of Hormuz, have impacted global petroleum distribution. The International Air Transport Association (IATA) is monitoring these developments as carriers adjust operations to maintain viability. The current situation reflects broader volatility in global energy markets affecting the aviation industry.