Wizz Air does not expect to run out of jet fuel, CEO says
- Country:
- United Kingdom
Jozsef Varadi, the CEO of Wizz Air, said on Monday that he did not think the European budget airline would be running out of jet fuel, amid concerns over shortages if the Iran war continues for a longer period.
He 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 U.S. to collect it, making up for any shortfalls from the Middle East, a major source of jet fuel for European carriers.
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