A UK-based airline has had to cancel flights due to the repercussions of the recent conflict involving Iran, while Ryanair is cautioning that as much as 10% of its flight services may be affected.
Aurigny, a carrier operating in Guernsey, has made the decision to cancel several flights from mid-April to early June following the military actions by the US and Israel in Iran. This has led to a surge in aviation fuel prices, as reported by the Independent.
In response to the global instability, Aurigny, which connects the Channel Islands with the UK, has implemented proactive measures by reducing flight services. Additionally, the airline has introduced a temporary fuel surcharge of £2 on all new bookings.
Due to a 13% decline in flight demand expected for May, Aurigny has chosen to cancel select departures to and from Guernsey.
Philip Saunders, the Chief Commercial Officer of Aurigny, highlighted the impact of current global events on consumer confidence and travel patterns. He emphasized the necessity of passing on some of the increased costs to customers to ensure the sustainability of air services to and from Guernsey.
The price of European jet fuel has hit a record high of $1,900 per metric ton, according to insights from Argus. Concerns have been raised about potential fuel shortages in countries like Portugal, Hungary, Denmark, Italy, Germany, France, and Ireland in the coming months.
Ryanair’s CEO, Michael O’Leary, expressed concerns that if the Strait of Hormuz remains closed, the airline may have to reduce its summer flight schedule due to high fuel costs. He warned that European airlines could start canceling flights by the end of April if the key shipping lane does not reopen.
O’Leary indicated that if the Strait of Hormuz remains closed for an extended period, there could be a need to cancel 5%–10% of flights from May to July. He emphasized that the decision on flight cuts would depend on airports facing fuel shortages.
In a statement to SkyNews, O’Leary emphasized the potential risk of supply disruptions in Europe in May and June if the conflict continues. He expressed hope for an early resolution to the war to avoid any disruptions to the fuel supply chain.
The airline industry is closely monitoring the situation, with hopes for a swift resolution to the conflict to prevent further disruptions to flight schedules and fuel supplies.
