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Tui issues update on summer jet fuel shortage fears
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Tui issues update on summer jet fuel shortage fears

The Independent·Simon Calder·22 days ago
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Tui has assured holidaymakers that their peak summer flights will go ahead, despite fears of aviation fuel shortages caused by the Iran conflict. Mathias Kiep, CFO of Tui Group, told The Independent : “I’m very much convinced that we will see no shortage in the next 10 weeks. There’s definitely enough fuel.” Speaking as Europe's biggest holiday company reported its financial results for October 2025-March 2026, he said: “We think that the discussion on fuel is a little bit artificial as we do see no shortages for the next weeks. “I would also see no impact in in the summer at all except prices – and for the higher prices we are luckily hedged. “We do see that Europe now gets more oil from other countries like Nigeria because the increased prices made the production there profitable. “We see that consumption is significantly lower than a year before and refinery capacity is also up.” He said that even if the Strait of Hormuz remains closed longer term, there will be no shortage.…

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