Jet Fuel Shortages: The Airline Industry's Perfect Storm The specter of rising air fares looms large over Europe this summer, and it's not just a matter of supply and demand.
Willie Walsh, head of the International Air Transport Association, has warned that jet fuel shortages will inevitably push up ticket costs.
But what does this mean for travelers, and why are we facing this perfect storm of high fuel prices and reduced air capacity? The Iran US conflict has had a lasting impact on global oil markets.