The German airline is one of the biggest in Europe
Lufthansa has announced it is cutting 20,000 flights (Image: Getty )
Lufthansa has issued a statement after energy bosses claimed Europe has six weeks’ supply of jet fuel left. Fatih Birol, executive director of the International Energy Agency (IEA), warned there could be flight cancellations ”soon” if oil supplies remain restricted by the Iran war.
When approached for comment, Lufthansa told the Mirror that it claims to be in a better position than most competitors regarding its kerosene requirements. A spokesperson for the airline said: “The Lufthansa Group has secured (‘hedged’) approximately 80 per cent of its kerosene requirements for 2026.
“And approximately 40 per cent for 2027 based, among other things, on the price of crude oil – both at pre-crisis price levels. With this level of hedging, we are in a better position than most competitors.”
It comes as the airline announced it will cut 20,000 short-haul flights from its schedule this summer to save money amid rising jet fuel costs. Most of these cuts are due to the shutdown of its unprofitable CityLine fleet and the retirement of its 27 planes. The airline pointed out that jet fuel prices have more than doubled and noted labour disputes involving its employees.
A statement on the Lufthansa Group website reads: “In total, 20,000 short-haul flights will be removed from the schedule through October, equivalent to approximately 40,000 metric tons of jet fuel, the price of which has doubled since the outbreak of the Iran conflict. The schedule adjustments reduce the number of unprofitable short-haul flights across the Lufthansa Group network.
“The planned consolidation of the European network is being carried out across Lufthansa Group’s six hubs in Frankfurt, Munich, Zurich, Vienna, Brussels, and Rome. Passengers will therefore continue to have access to the global route network, particularly long-haul connections. However, due to the increase in jet fuel prices, this will be achieved significantly more efficiently than before.”
On Tuesday, April 21, the Prime Minister discussed the Government’s work to ease pressures caused by the Iran conflict with ministers and officials at a meeting of the Middle East Response Committee. A government spokesperson said: “The discussion focused on the Government’s ongoing work to ease pressures being felt here in the UK.
“This included the diplomatic activity to promote progress on negotiations, and bring back security and stability for the region, and the military planning to restore freedom of navigation in the Strait of Hormuz. The Prime Minister acknowledged that the impact of the war in the Middle East will be felt beyond the end of the conflict, and stressed the importance of protecting British families.
“They discussed a range of ongoing contingency planning, such as our work with fuel suppliers, airlines and international counterparts, to ensure people keep moving and businesses are supported. UK airlines are clear that they are currently not seeing a shortage of jet fuel, and it is right that the Government continues to work with industry to ensure we closely monitor the situation.
“They said it was right that this Government is introducing wider measures to strengthen long-term resilience, including measures announced today to accelerate breaking the link between gas and electricity prices to support families and businesses under pressure and exposed to volatile gas prices.”