economy
Two million airline seats cut amid soaring jet fuel prices
Rescheduling in May could be followed by summer cancellations as Middle East war continues to disrupt fuel supplies
TL;DR
- Two million airline seats have been cut globally in May due to rising jet fuel prices.
- The Middle East conflict has caused jet fuel prices to more than double.
- Istanbul and Munich have seen the biggest drops in flights, with Turkish Airlines and Lufthansa making significant cuts.
- The UK is identified as the most exposed country to potential jet fuel shortages in Europe.
- UK government is implementing measures like relaxing 'use-it-or-lose-it' slot rules and encouraging consolidation of flights to avoid summer disruptions.