Europe Faces Aviation Fuel Shortage as Airlines Cancel Thousands of Flights

Aviation fuel supplies across Europe are declining, forcing major airlines to drastically reduce their flight schedules. Lufthansa, Germany's largest airline, announced it will cancel 20,000 flights between May and October to conserve fuel reserves. The shortage raises concerns about the broader availability of aviation fuel across Europe and the potential for the situation to worsen further. Unlike gas and electricity markets, oil markets lack transparency, making it difficult to assess the full extent of the supply crisis. The fuel shortage threatens to significantly disrupt European air travel during the peak summer vacation season, with potential cascading effects on tourism and business travel across the continent.