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Ano Kuhanathan, head of corporate research for insurer Allianz has said that the closure of the Strait of Hormuz leaves Britain significantly more vulnerable to supply disruptions.
UK is structurally more exposed to jet fuel shortages than other European nations, warns Allianz.
KEY POINTS
- Jet2 reports a 6.2% rise in summer bookings, but notes bookings are increasingly last-minute.
- Wizz Air says it can mitigate UK fuel shortages by tankering and fueling at alternative locations.
- Ryanair's Michael O’Leary says disruption risk is receding, with no threat before end of June.
- UK's biggest budget airlines pledge not to impose supplementary fuel surcharges on travelers.
COMPANIES
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