“This year we are much stronger in summer bookings than last year,” Varadi told reporters at a briefing.
Wizz Air has protected 70 percent of its jet fuel needs in the upcoming summer season from the jump in fuel prices, he emphasized.
Carriers fear possible fuel shortages if the US-Israeli war against Iran continues. As a result of the attack, Iran took control of the Strait of Hormuz, banning the transit of ships linked to the US, Israel and their allies.
The Middle East is the main source of jet fuel for European carriers, Reuters reminds. The head of Wizz Air believes that Europe will not run out of jet fuel this summer.
The price of 1,500 dollars per ton is enough motivation for tankers to deliver it from the USA and thus compensate for the reduced supply from the Middle East, said the head of Wizz Air, reports Hina.
The company did implement a number of measures to keep costs to a minimum, Varadi said, but “there’s not much we can do when it comes to ticket prices,” he concluded.
Kerosene prices could still remain high for months after the war ends, admits the head of the Hungarian carrier.
Perhaps now is the right time for Europe to reassess its dependence on Middle Eastern fuel supplies, Varadi adds, especially considering that the crisis could result in even more extensive shutdowns of transportation capacity this fall.
(Vijesti.ba)
