The boss of Wizz Air said today that he did not think the airline would be running out of jet fuel, amid concerns over shortages if the Iran war continues for a longer period.
Jozsef Varadi told reporters that at the $1,500 metric ton level for jet fuel, the price was such that tankers were incentivised to head to the US to collect it, making up for any shortfalls from the Middle East, a major source of jet fuel for European carriers.
The CEO of Hungary-headquartered Wizz also said today that the European budget airline’s summer schedule would be 17% larger this year compared to last, with growth focused on the Balkans and Caucasus markets.
He told reporters at a briefing that the airline was 70% hedged for its fuel needs for the coming summer period and would receive 35 new Airbus aircraft during 2026.
