Originally Posted by
N39E002
This morning the IEA Chief says it will take at least six months to restore energy flows and that this is the greatest ever threat to the Global energy supply. This is all because of the voluntary bilateral actions of the USA and Israel.
How will our industry cope with this? I don't think the airline executives are being sincere with their recent optimism.
https://www.google.com/amp/s/m.econo.../129700675.cms
Jet A up to $4.26/gal
It's mildly OK if fuel prices rise slowly, and in general higher fuel price = better economy, so it's a natural hedge. This is completely different - quick jump in prices, +180% in 30 days. It's also hitting diesel and Jet A harder than regular gasoline.