No Result
View All Result
Global Finances Daily
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
  • Login
Global Finances Daily
No Result
View All Result
Home Savings

What a looming jet fuel shortage could mean for summer travel

April 21, 2026
in Savings
0
What a looming jet fuel shortage could mean for summer travel


Looming jet fuel shortages could throw a wrench into Americans’ summer travel plans, especially for people flying overseas on international airlines. But there are a few steps consumers can take to insulate themselves and minimize disruption, travel experts said.

The Iran war and an associated disruption to global oil supplies are triggering fears that jet fuel stocks may soon begin to dwindle in certain parts of the world. The International Energy Agency said on Thursday that Europe may have just six weeks’ worth of jet fuel left, for example.

Potential shortages and rising jet fuel costs have led some airlines to cut their flight schedules — potentially upending plans for those who must find alternative flights or choose to defer or cancel their travel altogether.

And while flight reductions have largely been modest to date, they could worsen just as peak summer travel season approaches.

“It’s almost like they’re on a timer,” said Katy Nastro, a travel expert at Going, a travel deal website. “It’s like the SATs: Once the timer is done” it’s over, and they can’t fly anymore, she said.

Jet fuel shortage tied to Iran war, Strait of Hormuz

In this screen grab from a video released by U.S. Central Command, U.S. forces operating in the Arabian Sea enforced naval blockade measures against an Iranian-flagged cargo vessel attempting to sail toward an Iranian port on April 19, 2026 in the Arabian Sea.

U.S. Central Command | Getty Images

The ongoing Middle East conflict has led Iran and the U.S. to impose a blockade on Iranian ports in and around the Strait of Hormuz, a maritime route through which roughly 20% of the global oil supply transits.

About 25% to 30% of the world’s jet fuel — which is refined from oil — also flows through the waterway, said Stephen Rooney, lead economist at Tourism Economics.

The U.S. is somewhat insulated from a potential jet fuel shortage relative to other parts of the world because it produces a significant portion of those fuel stocks domestically, Rooney said. But European and Asian carriers are more exposed because those regions rely more heavily on fuel imports.

“What if there isn’t fuel to be bought at any price?” Rooney said. “That’s a pretty unprecedented situation.”

“I don’t think we’re at that full crisis point yet,” he said. “Six weeks is a long time, so hopefully something can be resolved. We’ve still got time to get jet fuel flowing again.”

Read more CNBC personal finance coverage

While the U.S. may be spared from potential supply shortages in the coming weeks, low stocks elsewhere in the world would likely “put huge upward pressure” on jet-fuel prices for U.S. airlines, Rooney said.

Jet fuel is among the largest operating costs for airlines, and companies have taken a range of measures to blunt the financial impact of rising prices: increasing air fares, raising baggage fees, adding fuel surcharges and cutting flight capacity, for example.

“Non-US airline capacity to and from US markets for the June quarter 2026 is expected to contract 2.3% year-over-year … as higher fuel prices and possibly limited jet fuel availability are leading to significant capacity cuts,” Deutsche Bank analysts wrote in a research note on Sunday.

Top oil analyst Paul Sankey on Iran war jet fuel crisis

So far, only a handful of airlines have said they would trim flight schedules, and they have largely trimmed at the margins rather than making wholesale cuts, experts said.

Going’s Nastro pointed to a few examples:

Vietnam Airlines plane seen at Suvarnabhumi Airport in Bangkok.
On Wednesday, January 2, 2020, in Suvarnabhumi Airport, Bangkok, Thailand. (Photo by Artur Widak/NurPhoto via Getty Images)

Nurphoto | Nurphoto | Getty Images

For an airline to cut perhaps 5% or less of its flight capacity “isn’t huge in the grand scheme of things,” Nastro said.

“So, while yes, there is a risk for flight cancellations due to capacity cuts [or] suspensions, it isn’t necessarily bad news for your specific trip,” she said.

President Donald Trump told CNBC on Tuesday that he thinks the U.S. will “end up with a great deal” with Iran to bring an end to the nearly two-month-long war. However, Trump also said the U.S. military is “ready” to bomb Iran if a deal isn’t signed by the end of the two-week ceasefire deadline set to expire Wednesday.

“The longer this [conflict] lasts, the more capacity cuts are likely — and that’s when things can get uglier,” Nastro said.

What travelers can do

Travelers wait in line to go through security in Terminal 5 at John F. Kennedy International Airport in New York, March 27, 2026.

Michael M. Santiago | Getty Images

There are some things travelers can do to minimize the potential pain, experts said. Here are some tips.

1. Know your rights

Every airline has its own policies about what it owes passengers who face delays or cancellations.

To help you navigate your options, the U.S. Department of Transportation has a rundown of services that U.S. carriers have agreed to provide to customers to mitigate passenger inconveniences when a flight cancellation or delay is due to circumstances within the airline’s control.

Federal rules require airlines to pay a prompt refund to a ticketed passenger — even those with non-refundable tickets — if they cancel a flight or make a significant change to the itinerary, regardless of the reason, according to the Transportation Department. To qualify for a refund, the passenger can’t accept an alternative offered by the airline, such as rebooking on another flight.

A worker fuels a Delta Airlines plane at Salt Lake City International Airport on April 9, 2026 in Salt Lake City, Utah.

Justin Sullivan | Getty Images

Airlines generally offer travelers an alternative when they cancel a flight or make substantial changes, and may automatically rebook passengers on another flight, experts said.

But travelers don’t have to accept that alternative. Passengers generally don’t have to pay extra to choose another option, even if there’s a fare difference, Nastro said.

Passengers may also be entitled to meal vouchers and hotel accommodations, for example, if their flight is impacted, and shouldn’t be afraid to ask the airline for those things, said Sara Rathner, a travel expert at NerdWallet.

Document transactions and keep receipts to file a claim later, she said.

To see what options are available to you for refunds, meal and lodging vouchers, or frequent-flyer miles, depending on your carrier, the DOT has a dashboard outlining their policies for U.S. airlines.

2. Check your contact info

Make sure the airline has your correct contact information on file, in case it needs to get in touch with you about a flight change, Nastro said.

In your online flight reservation, make sure your phone number and email are up to date. Also check that the airline hasn’t issued any notifications or messages, she said.

“The worst thing that can happen is you show up to the airport and your flight is canceled, and you didn’t have any knowledge of that,” Nastro said.

3. Act fast

“Act fast” if an airline contacts you about a canceled flight or a change to your itinerary, said NerdWallet’s Rathner.

“The sooner you act in contacting the airline … the more options you’re going to have,” she said. “You don’t want to sit on this for too long.”

Similarly, if you have travel plans, don’t ignore emails, texts or other messages you receive from airlines in the lead-up to the flight, she said.

If your flight is canceled or severely delayed while you’re at the airport, “take every possible avenue available to you” to understand your options, she said. Stand in line to speak with the gate agent while simultaneously calling the airline’s customer service line or using its app, Rathner said.

3. Fly nonstop

Flying nonstop to a destination is generally more expensive than booking a flight with a layover.

However, it’s a good strategy for travelers who can afford it and want to minimize disruptions, experts said.

“Right now, I’d say you’re better off, if you can, flying nonstop,” Going’s Nastro said.

4. Consider travel insurance

Travel insurance or credit cards with travel benefits might cover unreimbursed expenses resulting from a disrupted itinerary.

However, covered expenses vary by policy, making it necessary for consumers to read the fine print, Rathner of NerdWallet said.

Certain policies, like those with “cancel for any reason” or “interruption for any reason” coverage, offer more flexibility to passengers but generally come with caveats, such as a higher upfront cost.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Editorial Team

Editorial Team

Related Posts

Want to splurge on travel in retirement? Here’s how to plan for it.
Savings

Want to splurge on travel in retirement? Here’s how to plan for it.

June 20, 2026
Iran reportedly closes Strait of Hormuz again, raising doubt over talks
Savings

Iran reportedly closes Strait of Hormuz again, raising doubt over talks

June 20, 2026
The initial SpaceX frenzy is cooling off — but a new wave of cash is waiting to strike
Savings

The initial SpaceX frenzy is cooling off — but a new wave of cash is waiting to strike

June 20, 2026
‘Money can make you happy’: My wife and I have no heirs, but we’re making the world a better place by giving it away
Savings

‘Money can make you happy’: My wife and I have no heirs, but we’re making the world a better place by giving it away

June 20, 2026
Google shake-up highlights how human brains may be the scarcest AI resource of all
Savings

Google shake-up highlights how human brains may be the scarcest AI resource of all

June 20, 2026
Trump picked Kevin Warsh to cut rates. The new Fed chief just told us he has other plans.
Savings

Trump picked Kevin Warsh to cut rates. The new Fed chief just told us he has other plans.

June 19, 2026
Load More
Next Post
XRP

XRP And The CLARITY Act: The Latest Updates Investors Should Know

Popular News

  • Monarch is a budgeting app that makes it easy for couples to track shared expenses, create flexible budgets, and set joint financial goals — all without spreadsheets. Here's what it was like to use it for a month.

    I Used Monarch Money for 30 Days: Here’s What Happened

    0 shares
    Share 0 Tweet 0
  • How to Contact Hilton Customer Service

    0 shares
    Share 0 Tweet 0
  • The 10 best banks for college students in 2025

    0 shares
    Share 0 Tweet 0
  • White House creates US-China Boards of Trade and Investment to manage commercial tensions

    0 shares
    Share 0 Tweet 0
  • Micron, Intel drag the tech sector into a new bearish phase. Will the correction last this time?

    0 shares
    Share 0 Tweet 0

Latest News

Cointelegraph

Japan Pension Fund Serving 1,200 Firms Plans Crypto Investment

June 21, 2026
0

A Japanese corporate pension fund serving about 1,200 small and medium-sized businesses plans to allocate roughly 1% of its assets...

UK business minister says he has no reason to think PM Starmer will resign on Monday

UK business minister says he has no reason to think PM Starmer will resign on Monday

June 21, 2026
0

UK business minister says he has no reason to think PM Starmer will resign on Monday

Bitcoin enters death cross while market tests key levels

Bitcoin price steadies near $64K as traders watch ETF outflows and Hormuz risk

June 21, 2026
0

Bitcoin traded near $64,000 on Sunday after recovering part of Friday’s sell-off, but the rebound has not yet changed the...

Taiwan to stage five days of combat readiness drills

Taiwan to stage five days of combat readiness drills

June 21, 2026
0

Taiwan to stage five days of combat readiness drills

Global Finances Daily

Welcome to Global Finances Daily, your go-to source for all things finance. Our mission is to provide our readers with valuable information and insights to help them achieve their financial goals and secure their financial future.

Subscribe

  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Editorial Process

© 2025 All Rights Reserved - Global Finances Daily.

No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers

© 2025 All Rights Reserved - Global Finances Daily.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.