Ministers are expected to warn Britons that flight cancellations could disrupt summer holiday plans.
Allianz Trade research says the UK is especially exposed to jet fuel shortages because of import dependence.
Airlines are weighing cancellations, surcharges, and ticket price adjustments as fuel supply risks rise.
Ministers are set to warn the British public that flight cancellations will hit summer holiday plans as new research suggested that the UK is more exposed to jet fuel shortages than other European countries.
Heidi Alexander, the transport secretary, is set to tell Brits that there could be flightcancellationsthis year as she will talk up staycations, according to The Times.
Her warnings will follow a prompt by Sir Keir Starmer that people would have to consider changing “where they go on holiday”.
Trade experts have warned that the supply ofkerosenewas set to be hit by disruptions across the Strait of Hormuz.
Michael O’Leary, the boss of Ryanair, Europe’s biggest airline, said rivals were “desperately” searching for flights to cancel.
Some airlines have reportedly said that the UK could escape some of the worst effects of jet fuel shortages due to obtaining supplies from other countries.
But research by Allianz Trade found the UK had Europe’s “most structurally exposedmarketsto jet-fuel shortages”.
Source: ZeroHedge News
