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United has already cut flights by 5%, the article says KLM is cutting ~1% of their flights, both citing fuel shortages. If giant companies on opposite sides of
by hadlock 6mo ago
United has already cut flights by 5%, the article says KLM is cutting ~1% of their flights, both citing fuel shortages. If giant companies on opposite sides of the Atlantic, are saying this is an issue, it's probably worth taking their word for it
- LeChuck 6mo agoKLM is citing fuel price, not shortage. They’re cutting under utilized flights which they cannot perform profitably at current prices. They’ve explicitly said it’s not because of a shortage. https://nieuws.klm.com/statement-situatie-midden-oosten/ https://nieuws.klm.com/statement-situatie-midden-oosten/
- khriss 6mo agoAren't those identical things? Shortage of commodity X, relative to demand, drives up prices for X.
- jltsiren 6mo agoA shortage can also be physical. The fuel you already bought (and possibly paid for) cannot be delivered. Maybe the actual delivery is the issue. Maybe a government confiscated it for other uses. Or maybe the fuel doesn't exist at all, because the refinery didn't have the oil to produce it.
- gib444 6mo agohttps://news.klm.com/statement-situation-middle-east/ https://news.klm.com/statement-situation-middle-east/ > ... due to rising kerosene costs, are currently no longer financially viable to operate. There is no kerosene shortage.