European Airlines Confident: No Jet Fuel Shortage Expected This Summer. Major European carriers and oil companies report ample jet fuel reserves for the summer. Production has increased, with growing supplies arriving from the US and Africa. Predictions of shortages are not being confirmed.
European airlines and refineries report they are ready for the summer season without any jet fuel disruptions. As noted by the Financial Times, the industry was able to quickly adapt its logistics and increase production volumes to offset reduced supplies from the Middle East.
In recent months, European companies have operated at maximum capacity and increased imports of jet kerosene from the US and African countries. This move has helped stabilize the market and reduce risks associated with geopolitical instability in the traditional supplier regions.
The International Energy Agency had previously warned of a possible shortage: according to their estimates, Europe's fuel reserves would last about six weeks. However, representatives of the oil sector consider this forecast too pessimistic. They say that current reserves and new supplies allow the industry to look confidently towards the upcoming peak season.
Spanish company Repsol increased its jet fuel production by 20–25% compared to last year. British Airways has confirmed that it has secured enough suppliers for the entire summer. Air France also reported fuel reserves at airports for several months in advance.
Wizz Air CEO József Váradi noted that rising fuel prices have prompted the market to adapt: US and Nigerian refineries have increased exports to Europe, helping to avoid major disruptions. “Such market prices mobilize resources,” he emphasized.
According to Financial Times, the European aviation fuel market remains stable even amid external shocks. Should further changes occur in the global market, the industry is prepared to respond promptly thanks to flexible logistics and diversified supply chains.
