Swiss Air CEO Says No Immediate Fuel Shortage
The airline is weighing tankering and strategic refueling stops as European carriers warn of shortages and fuel costs have risen 20%, Fehlinger said.
- SWISS CEO Jens Fehlinger told the NZZ newspaper on Saturday that the airline maintains sufficient jet fuel supplies for the next six weeks amid industry fuel shortage warnings.
- European airlines have warned of potential fuel shortages that could disrupt the summer travel season, as the ongoing conflict in Iran curtails global supplies and sends energy prices surging.
- SWISS mitigated immediate price volatility by hedging about 80% of its kerosene requirements, though the airline has still experienced a 20% increase in fuel-related costs to date.
- Lufthansa Group is exploring contingency plans, including "tankering" and strategic refueling stops in Vienna for flights to Asia, to ensure continued fuel availability for operations in Zurich.
- While Fehlinger noted that the forecasts from our suppliers remain good, he cautioned that persistently high oil prices would likely feed through to passenger fares over time.
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14 Articles
Swiss Air CEO says no immediate fuel shortage
Swiss International Air Lines has sufficient jet fuel supplies for the next six weeks, its CEO told the NZZ newspaper over the weekend, but is exploring contingencies like "tankering" amid industry warnings of fuel shortages tied to the Iran war.
der Standard AT
According to Swiss CEO Fehlinger, the airline does not intend to make any cancellations.
The AUA sister Swiss cuts about ten percent of the administrative posts. The job reduction is part of austerity measures due to increased costs.
Now the ground staff is also affected: Swiss is extending its austerity program to the administration.
Jens Fehlinger prepares his airline for a possible lack of kerosene. Meanwhile, he extends his savings program to the ground staff. 10 percent of the administrative staff have to go.
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