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European airlines could go bust by September if fuel crisis continues, airline boss warns

AIRLINES across Europe could collapse by September if the fuel crisis continues, the boss of Wizz Air has warned.

The ongoing war in Iran has seen the closure of the Strait of Hormuz, one of the world’s busiest shipping routes.

This has meant a shortage in fuel, including jet fuel, which has resulted in prices per barrel doubling in price.

Wizz Air chief executive József Váradi has since warned that airlines will be forced into closing if the prices remain high.

He told the Telegraph: “Airlines go bust two times a year, in September and February [and] airlines with weak liquidity positions will come under immense pressure in September time.

“At the moment, all airlines are selling against summer demand, which is the highest-priced capacity during the year – but you run out of steam by the end of June.”

PLANE MAD

Nine airlines that have cancelled flights as Iran war fuel crisis continues


HOL-D OFF

Brits warned summer holidays ARE at risk of being cancelled as jet fuel runs low

He added that airlines will be fine during summer as they are “making money” due to demand.

However, he said that winter was not the same, which will see a “flood of capacity removed” in September and October.

In the worst chaos scenario – which he called an “Armageddon situation,” Wizz Air could cancel up to 30 per cent of flights.

Lots of airlines have already cancelled flights in recent weeks.

This includes: 

  • Lufthansa – 20,000 cancelled up to September
  • United – around 250 a month cancelled
  • Air New Zealand – around 1,000 cancelled
  • Scandinavian Airlines – around 1,000 cancelled
  • KLM – 160 cancelled
  • Cathay Pacific – two per cent of flights up to June 30

Here are what all the other UK airlines are saying about the fuel crisis.

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Liam Rosenior: Furious Chelsea boss questions team’s desire

Chelsea head coach Liam Rosenior said his team’s performance was both “indefensible” and “unacceptable” as he faced angry chants from his own supporters for the first time.

The chants began when Chelsea fell 1-0 behind at the Amex Stadium, with the visitors having barely registered an attempt on goal, before they eventually succumbed to a 3-0 defeat on Tuesday night.

It was a worrying display and a further dip in performance given Chelsea did not mount a shot on goal until the 40th minute and were error-prone defensively.

Chelsea extend an unwanted run of five consecutive defeats without scoring, their worst such sequence since 1912.

It played out in front of influential co-owner Behdad Eghbali and the club’s sporting directors on the south coast, where Rosenior began his coaching career.

As a result, questions will grow over whether the Englishman can continue in the dugout in the long term, with a last chance to save the season to come in the FA Cup semi-final at Wembley against Leeds on Sunday.

In response to questioning about delivering such a poor display, Rosenior said: “It was unacceptable in every aspect of the game, unacceptable in our attitude. I keep coming out and defending of the players.

“That’s indefensible, that performance tonight. The manner of the goals we conceded, the amount of duels that we lost, the lack of intensity in the team. Something needs to change drastically right now.

“I think the players as well need to have a look in the mirror for what they put in. You can talk about tactics, tactics come after the basics. Having more courage to play, winning duels, winning headers, tackles, conceding terrible goals. That was an unacceptable performance tonight.”

Seven points behind fifth-placed Liverpool, having played a game more, Chelsea‘s Champions League hopes look in tatters and there are questions about whether the head coach, the players or the fans are on the same page.

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Dubai police arrest alleged Irish organized crime boss

April 17 (UPI) — An Irish man who allegedly laundered money and trafficked drugs and firearms throughout Europe was arrested in Dubai after officials in Ireland tracked him around the world.

Law enforcement officials in the United Arab Emirates said in a statement that Daniel Joseph Kinahan was arrested on Wednesday after a joint international criminal investigation, The Guardian and The Washington Post reported.

Officials from both Ireland and the UAE noted that the arrest comes after work in recent years to rein in “serious and organized crime.”

“The arrest comes as part of efforts to combat cross-border crime,” Dubai police said in a statement.

“The arrest followed the receipt of a judicial file from Irish authorities detailing the suspect’s alleged crimes and his involvement in an international criminal organization,” they said.

Kinehan is one of the leaders of the Kinahan Organized Crime Group and the founder of the MTK Global boxing management company.

In addition to Irish authorities, he was also being pursued by U.S. law enforcement because he was “believed to run the day-to-day operations” of the cartel, the Biden administration said when it announced sanctions against the group in 2022.

Officials in Dubai issued an arrest warrant after getting word from Irish authorities as part of a larger operation between Ireland and the UAE to stem criminal enterprises that operated in or through the two nations.

The report from Irish law enforcement had traced in him around the globe, including the use of fake names and other methods of avoiding arrest, and Kinehan was arrested within 48 hours of the the UAE warrant being issued.

Secretary of Health and Human Services Robert F. Kennedy, Jr. speaks during a House Appropriations Subcommittee on Labor, Health and Human Services, Education, and Related Agencies hearing on the budget for the Department of Health and Human Services in the Rayburn House Office Building near the U.S. Capitol on Thursday. Photo by Bonnie Cash/UPI | License Photo

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Frank Lampard: Coventry City boss praises ‘special and unique’ promotion

Coventry City boss Frank Lampard described his side’s promotion back to the Premier League after 25 years away as a “unique” achievement.

The Sky Blues secured a top-two finish in the Championship with three games to spare courtesy of a 1-1 draw at struggling Blackburn Rovers.

“To go and get promotion automatically as a non-parachute [payment] team with three games to go… these boys have managed to achieve something special and unique,” Lampard told Sky Sports.

“This is what it’s about. Coming here and getting a point at this stage isn’t easy.”

He added: “Doing this after 25 years… wow.

“The resilience to come back after losing in the play-offs (last season to Sunderland). We spoke in the summer about what we could do this season and whether we could finish third or fourth to get a home play-off in the second game which we didn’t do last year.

“It’s such a good feeling that the boys have managed to get it over the line.”

The former Chelsea and England midfielder, 47, took over at the CBS Arena in November 2024 for his first job outside the top flight since a season at Derby in 2018-19.

An emotional Lampard, who also credited the “incredible” job his predecessor Mark Robins had done, said he had “fallen in love” with the club during his time in the Midlands and ranked leading Coventry back to the top flight alongside his many accolades as a player.

“I’m proud of myself and the staff,” he said.

“We came into a bit of an unknown 15 or so months ago when we arrived in a people carrier.

“We’ve fallen in love and this is right up there with what I have achieved.

“I’m very proud to be the manager.”

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Book summer holidays NOW, warns easyJet boss as Iran war fuels fare hike misery

BRITS have been warned to book their summer getaways now or face a massive spike in prices as the Middle East conflict sends fuel costs soaring.

The boss of easyJet today sounded the alarm after revealing the war has already cost the budget airline £25million in fuel hikes.

EasyJet planes on the tarmac at Roissy Charles de Gaulle Airport, north of Paris.
EasyJet reported that the conflict has created “near-term uncertainty around fuel costs and customer demand” as families hesitate to book Credit: AFP

The Luton-based carrier has been hit hard by rising oil prices after Iran tightened its grip on tankers passing through the Strait of Hormuz.

Holidaymakers are being told that if these high costs persist, the extra bill will be passed directly onto passengers through higher fares across the entire industry.

EasyJet reported that the conflict has created “near-term uncertainty around fuel costs and customer demand” as families hesitate to book.

Official figures show that bookings for the peak summer months of June through to September have already dipped compared to last year.

PLANE BAD

Spanish airport to CLOSE for over a month with all flights cancelled


PINT-SIZED

My favourite up-and-coming EU country has £2.60 pints and summer highs of 30C

The airline is braced for a massive headline loss of between £540million and £560million for the six months leading up to the end of March.

Investors reacted with panic to the news as shares in the company tumbled by as much as 9% in early trading on Thursday.

EasyJet chief executive Kenton Jarvis admitted the firm has struggled.

He said: “Our H1 financial performance worsened year on year, impacted by the conflict in the Middle East and the competitive environment in some markets.”

Despite the gloom, the airline boss insisted that planes are still taking off as normal following the busiest Easter period on record.

He added: “Following our busiest Easter holiday period ever, the operational ramp up into peak summer continues as planned.”

Mr Jarvis claimed the company has the cash reserves to survive the crisis.

He said: “EasyJet’s financial strength from our investment grade balance sheet and £4.7billion of liquidity mean we are well placed to navigate current geopolitical challenges while remaining focused on our medium term targets.”

Experts are worried that the war could eventually lead to fuel shortages and forced cancellations, but the airline insists airports are currently “operating as normal” with supplies secured until mid-May.

Everything now rests on whether the crisis in the Middle East escalates or cools down in the coming weeks.

A quick resolution could see prices drop, but a long-term war could see holiday demand dry up as fuel is rationed around the world.

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