economy
Airlines still have to pay compensation if flights cancelled due to fuel crisis, EU says
Ryanair says that unlike others it will not be cancelling summer flights, as it hedged fuel contracts before Iran war
TL;DR
- EU law mandates airlines compensate passengers for flight cancellations due to fuel shortages, as these are not considered 'extraordinary circumstances'.
- The UK government has eased penalties for airlines cancelling flights because of jet fuel shortages.
- Ryanair is not cancelling summer flights due to having hedged fuel contracts at a lower price before the Iran war.
- Airlines such as Lufthansa and Aer Lingus have cancelled flights.
- AirAsia's CEO described the current jet fuel crisis as worse than the Covid-19 pandemic.
- AirAsia has placed a $19 billion order for 150 Airbus A220-300 jets.