Aviation Fuel Crisis Deepens: Jet A-1 Hits $170/Barrel
The News
Aviation fuel prices have surged to $160-170 per barrel in early May 2026, up from $85-90 before the Middle East crisis. Brent crude is trading around $102-103/barrel . The conflict’s impact on Strait of Hormuz traffic continues to pressure supply chains.
The Fallout
Lufthansa plans to cut approximately 20,000 short- and medium-haul flights between May and October 2026. Around 2 million seats and 13,000+ flights could be cut globally in May alone.
Why It Matters for B2B
For tour operators holding fixed-price packages, this is a margin disaster. Airlines are adjusting schedules, raising ticket prices, and reducing frequencies. Vietnam’s Civil Aviation Authority has extended slot waiver exemptions through June 30, 2026, for Middle Eastern carriers (Emirates, Qatar Airways, Etihad Airways).
Reconfirm all air inventory. Build fuel surcharge clauses into future contracts.
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