Global Air Transport Faces Months-Long Kerosene Supply Disruption
The restoration of kerosene supply for global air transport could take several months, even if the Strait of Hormuz reopens permanently. This warning was issued by Willie Walsh, Director General of the International Air Transport Association (IATA). According to him, normalization will not happen overnight.
Disruptions Across the Supply Chain
The disruptions affect the entire supply chain, from refineries to logistics circuits. The Strait of Hormuz, through which nearly 20% of the world's oil passes, remains a major bottleneck. Its reopening will not be enough to immediately restart kerosene production, as the delays in restarting facilities are unavoidable.
Fragility of the Air Transport Sector
This crisis reveals the fragility of the air transport sector in the face of energy shocks. Kerosene prices have skyrocketed since the start of tensions in the Middle East, increasing the costs of airlines - fuel representing about a quarter of their operating expenses. The air transport sector is likely to face significant challenges in the coming months, and the impact of the kerosene supply disruption will be felt across the industry.
