Brussels: The European Commission warned Monday that airlines and member states should prepare for all scenarios as uncertainty persists over how long the jet fuel crisis will last. Speaking at the commission's daily press briefing in Brussels, spokesperson Anna-Kaisa Itkonen said the EU executive is coordinating closely with member states and industry stakeholders amid concerns over jet fuel supplies.
According to Anadolu Agency, Itkonen emphasized the importance of close coordination and cooperation with EU member states and other stakeholders, noting that it is crucial for the bloc to remain prepared to take further action if necessary. Since the crisis began, the commission has been holding weekly discussions with member states, industry representatives, the International Energy Agency, and other relevant actors.
Itkonen noted that the EU has a comprehensive understanding of the current situation, distinguishing between strategic oil stocks and commercial jet fuel stocks. The commission plans to issue guidance to airlines regarding jet fuels and other crisis-related issues this week.
The upcoming guidance is expected to include anti-tankering rules, passenger rights, and the possibility of importing North American-type jet fuel for use in Europe. The European Union Aviation Safety Agency will provide technical recommendations on the fuel types used by aircraft.
The crisis has been exacerbated by rising jet fuel prices in Europe, driven by the conflict in the Middle East and disruptions to shipments through the Strait of Hormuz, which have increased oil and natural gas prices. EU refineries typically cover around 70% of the bloc's jet fuel demand, with the remainder largely imported from the Middle East and Gulf countries.
International Energy Agency Executive Director Fatih Birol warned last month that Europe could face a risk of jet fuel shortages in the near term. Several European airlines, including KLM and Lufthansa, have responded to the rising fuel costs by canceling flights and adjusting operations. Low-cost carriers Ryanair and EasyJet, along with tourism group TUI, have revised their financial forecasts downward due to challenging market conditions.