Lufthansa issues update for all passengers with flights booked | World | News
Fatih Birol, Executive Director of the International Energy Agency (IEA), said that flight cancellations could occur “soon” if Iran continues to choke tankers sailing in the Strait of Hormuz. A spokesman for Germany’s Lufthansa Group, which provides more than 700 weekly connections to the UK, reassured passengers that strong fuel reserves put them in a “better position” than many rivals. They said: “The Lufthansa Group has secured around 80% of its kerosene needs for 2026 and around 40% for 2027 based, among other things, on the price of crude oil – both at pre-crisis levels. With this level of hedging, we are in a better position than most of our competitors.”
However, implying that the situation may change, the spokesman said, “This is valid for now. We have not yet made a forecast for the coming months.”
Brent crude oil, the reference point of oil, rose 5% this morning to $94.72 per barrel after the Bosphorus was closed again following the decline on Friday when Iran declared the shipping route open.
Other major airlines, including Jet2, have also issued similar messages to worried customers amid the ongoing turmoil, telling users on X that all flights are scheduled to operate as normal for the next two months.
A TUI representative also told a social media user concerned about their trip being canceled: “We are closely monitoring the developing situation in the Middle East and its potential impact on global aviation fuel supplies.
“We do not currently anticipate any immediate disruption to our flight schedules or holiday schedules due to fuel shortages.”
Meanwhile, Javier Gándara, easyJet’s CEO for Spain and Portugal, said the consensus in the industry was that “there will be no supply issues for the next three or four weeks”. [but] It’s hard to see beyond that.”
And Ryanair boss Michael O’Leary warned earlier this month that disruption to flight schedules could be felt as early as May, despite his firm having “reasonably good hedges” of 80% of its fuel.
He told Sky News: “We think there’s a reasonable risk [that] Perhaps as little as 10% to 25% of our supply may be at risk during May and June; “Therefore, like everyone in this industry, we hope that the war will end as soon as possible.”
