Jet Fuel Shortages to Drive Up Air Fares This Summer As summer travel season approaches, airlines and passengers face a perfect storm: jet fuel shortages driven by global demand and supply imbalances will likely lead to increased air fares and disrupted flight schedules.
How Global Demand and Supply Imbalances Cause Jet Fuel Shortages Global demand for jet fuel has skyrocketed as economies in Asia continue to grow.
Air travel demand, particularly in China, Japan, and South Korea, accounts for roughly 30% of the world's jet fuel consumption.