Airlines Cancel 13,000 Flights in May Amid Jet Fuel Crisis

CryptoFrontier

Flight Cancellations Surge Amid Middle East Fuel Crisis

Major airlines have cancelled approximately 13,000 flights scheduled for May 2026 due to surging jet fuel costs linked to the ongoing US-Iran conflict, according to aviation analytics firm Cirium as reported by the Mirror. London Heathrow Airport alone has removed 111 flights from its May schedule, while roughly 2 million airline seats have been slashed from global May timetables, the Guardian reported.

Geopolitical Trigger and Oil Market Impact

The flight cancellations stem from a conflict that escalated over two months prior to this report. The United States and Israel conducted joint attacks on several crucial Iranian locations, prompting Iran to retaliate by targeting sites throughout the Middle East and shutting the vital Strait of Hormuz shipping lane. Approximately 20 per cent of global oil is traded through the Strait of Hormuz, and its closure has contributed to a sharp rise in crude prices.

Regional Impact and Airline Response

The largest reductions in flight numbers are concentrated in Istanbul and Munich, with Turkish Airlines and Germany’s Lufthansa implementing massive cuts. Lufthansa has axed 20,000 short-haul flights operated by its CityLine subsidiary. Airlines have reduced capacity through a combination of deploying smaller aircraft and complete flight cancellations.

Low-cost carriers EasyJet and Wizz Air have pledged to run their full summer timetables despite strain on the unprotected element of their fuel costs. Most short-haul airlines operating in the UK benefit from hedging protections against jet fuel price fluctuations, meaning they do not anticipate facing immediate cost rises.

Supply Chain Status and Forecast Risk

The aviation sector reports no current supply shortfalls, given the typical six weeks’ advance notice of fuel availability. However, international bodies have forecast that Europe could face jet fuel shortages if the Middle East conflict continues to disrupt deliveries.

Government Contingency Planning

The UK government has indicated that extraordinary steps could be implemented to prevent last-minute disruption during the summer period. These measures include merging flight timetables on routes where multiple services to identical destinations operate on the same day. Officials stated that services may also be cancelled if airlines have not sold a substantial proportion of seats, to avoid operating nearly vacant aircraft and wasting fuel.

Transport Secretary Heidi Alexander stated there were no “immediate supply issues,” but the government was “preparing now to give families long-term certainty and avoid unnecessary disruption at the departure gate this summer.”

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

WTI Crude Falls 4% to $99.48 Intraday, Brent Breaks Below $105

According to Gate data, WTI crude oil fell 4.00% intraday on May 6, trading at $99.48 per barrel. Brent crude dropped 3.70%, breaking below $105 per barrel.

GateNews1h ago

South Korea's April CPI Hits Highest Level in Nearly Two Years, Raising Rate Hike Odds

According to 10jqka, South Korea's April consumer price index reached its highest level in nearly two years, driven by rising oil prices stemming from Middle East tensions. This increases the likelihood of the Bank of Korea raising rates in the second half of 2026 to combat inflationary pressures. E

GateNews2h ago

Trump suspends the Strait of Hormuz “Freedom Plan,” crude oil falls nearly 2%

According to a statement published by U.S. President Trump on May 6 on the Truth Social platform, Trump announced a suspension of the “Freedom Plan” being carried out in the Strait of Hormuz, citing reasons including requests from countries such as Pakistan and major progress in reaching a comprehensive final agreement with Iranian representatives; Brent crude fell 1.81% to $107.88 per barrel that day, and West Texas Intermediate (WTI) fell 1.72% to $100.51 per barrel.

MarketWhisper3h ago

Debunking the AI bubble! BlackRock CEO: A shortage of compute power will give rise to a “compute futures market”

Global demand for AI and computing power is surging. BlackRock CEO Fink rejects an AI bubble, saying a shortage of computing capacity will give rise to a new asset class called “compute futures.” To keep pace with the trend, BlackRock, together with Microsoft, Nvidia, and MGX, is investing tens of billions of dollars in data centers and energy infrastructure. GIP is acquiring Aligned Data Centers for about $40 billion and, together with EQT, is buying AES for $10.7 billion. Fink and others, including Brookfield, believe this represents a long-term, solid compounding investment opportunity, with returns that can last for decades.

ChainNewsAbmedia5h ago

Latest developments in the Iran–Israel conflict: The “Epic Rage” operation has concluded, and crypto market sentiment is improving

On May 6, the United States announced the end of Operation Epic Rage and the suspension of the Hormuz Freedom Plan. Bitcoin rebounded to $81,700, easing market sentiment.

GateInstantTrends6h ago

Global Assets Rise During May Day Holiday; Nasdaq Up 2.65%, Oil Falls 5.22%

During China's May Day holiday from April 30 to May 6, global equity indices posted gains, with Nasdaq up 2.65%, S&P 500 up 1.73%, and Dow Jones up 0.89%. In commodities, base metals strengthened across the board: London aluminum rose 3.16%, nickel up 1.97%, and zinc up 1.50%. Agricultural

GateNews8h ago
Comment
0/400
LimeLeverageAlertvip
· 2h ago
Passing fuel costs onto passengers is only a matter of time; a warning of rising airfares 🚨
View OriginalReply0
GateUser-e5e2e632vip
· 2h ago
13k flights canceled, the supply chain chain reaction is coming, it's not just about travel.
View OriginalReply0
TheWindBeneathTheCyberBridgevip
· 2h ago
Heathrow is once again caught in the crossfire, with a fuel crisis and geopolitical conflicts, making this quarter's airline financial reports impossible to analyze.
View OriginalReply0
AirdropMileCountervip
· 2h ago
As tensions in the Middle East escalate, fuel prices soar, and airlines are directly cutting flights to survive, 13,000 flights canceled. Summer travel plans are ruined.
View OriginalReply0