Airlines cut 2 million seats in May due to fuel crisis
Airlines have cut nearly 2 million passenger seats for flights in May due to a fuel crisis, reducing total capacity from 132 million to 130 million. This reduction is attributed to a sharp increase in fuel prices and logistical issues, exacerbated by tensions around the Strait of Hormuz. As a result, carriers have begun canceling flights or replacing larger aircraft with smaller ones, with routes between Europe and Asia being the most affected. Lufthansa, for instance, has canceled nearly 20,000 flights through October, while restrictions in Asian connections and fuel rationing in some countries further complicate the situation, leading to a significant imbalance between demand and supply in the global aviation market.
In recent weeks, airlines have cut nearly 2 million passenger seats on flights in May. Total supply has dropped from 132 million to 130 million seats. This was reported by Ixbt.com xabar.
This was caused by a sharp rise in fuel prices and logistical problems.
The rise in aviation fuel prices following the escalation of the situation around the Strait of Hormuz became the main factor. As a result, carriers began mass canceling flights or replacing aircraft with smaller capacity ones.
Routes between Europe and Asia suffered the most. In particular, Lufthansa reduced its flight program by canceling about 20,000 flights in the period from May to October.
Restrictions on Asian aviation connections and fuel rationing in some countries are further complicating the situation. This has led to a significant imbalance between supply and demand in the global aviation market.
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