business / news / / Bangkok Post
Airlines across Asia are cutting flights, carrying extra fuel from home airports.
Iran's closure of the Strait of Hormuz has cut off 21% of global seaborne jet fuel supply.
KEY POINTS
- China and Thailand have halted jet fuel exports, and South Korea has capped them at last year's levels.
- Airlines in Asia are tankering extra fuel and adding refuelling stops due to local shortages.
- Batik Air Malaysia has slashed domestic capacity by 36% in response to the jet fuel crisis.
- Flight cancellations have only reduced Asia's jet fuel demand by 50,000-100,000 barrels per day so far.
COMPANIES
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