Swissair's fuel reserves are only 6 weeks

The CEO of Swiss International Airlines, in statements to the newspaper "Neue Zurcher Zeitung" on Saturday, announced that the company's stock of jet fuel is sufficient to cover its operations only for the next six weeks, amid growing fears of a global fuel crisis. Several European airlines have warned of the possibility of a severe shortage of jet fuel in the coming weeks, as a result of the escalation in tensions between the United States and Iran. This has led to supply constraints and a sharp rise in energy prices, which could overshadow the summer travel season. The first effects of any potential kerosene shortage will primarily affect Asian and African markets, Fellinger said, stressing that there are no current indications of such shortages. However, the company and its owner, Lufthansa Group, are developing comprehensive contingency plans. Alternative strategies include what is known Tankering, which is the filling of aircraft with full fuel in destinations with abundant supplies to be transported to Zurich, although these practices are currently restricted by regulators. The company is also considering the option of refueling stops at airports with stable supplies along flight routes, such as Vienna Airport for flights to Asia, while Fellinger stressed that the continuous rise in oil prices will gradually reflect on the cost of tickets Travel. The company has managed to reduce the direct impact of fuel price fluctuations by hedging about 80% of its kerosene needs for the current year, limiting the increase in fuel costs to only 20% despite the turmoil in global energy markets.