European airlines face 'risk of fuel rationing' due to Iran war, says head of air travel association

Willie Walsh: 'What we're seeing here is, in ​effect, a cost issue for the airlines.'

European airlines are facing their biggest challenge ​since the covid-19 pandemic as the Iran war pushes up jet fuel prices and buffets travel through the Middle East, casting a shadow ‌over the summer holiday season.

Carriers have been largely riding out the crisis with hedges that have tamed costs even as the price of jet fuel has risen nearly 84% since the start of the conflict on February 28, but they could face shortages if the war does not end soon.