Jet fuel supplies are lagging. What does that mean for airlines and travelers?

NEW YORK (AP) — A looming jet fuel shortage in Europe and Asia could compound the Iran war’s impact on world travel if a fragile agreement to reopen the Strait of Hormuz collapses and Persian Gulf oil shipments stay blocked. That would mean higher airfares and flight cancellations as the summer travel season approaches. In a sign of the conflict’s ongoing repercussions, Air Canada said Friday (April 17, 2026) it would suspend service to JFK airport in New York between June and October due to surging jet fuel costs. The head of the International Energy Agency has said Europe has maybe six weeks of remaining jet fuel. Some carriers have passed costs on to consumers by increasing baggage fees and ticket prices.