Jet Fuel

• Global oil inventories headed to lowest level in decades, U.S. EIA warns

  The Middle East conflict has caused global stockpiles of oil to plummet to their lowest level since 2003 while petroleum prices have spiked, according to a new energy data report.

  Consumer

  Jun 9
  
• Airlines facing high jet fuel costs can now get millions in loans in Canada

  The new federal government program will let airlines borrow up to $150 million each, said Finance Minister François-Philippe Champagne.

  Consumer

  Jun 8
  
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• Air Canada suspends 4 seasonal flight routes, citing jet fuel costs

  Air Canada says four seasonal flight routes will end earlier than previously planned this year due to the soaring price of jet fuel.

  Canada

  May 7
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• Imperial Oil churning out more diesel, jet fuel as Mideast war drives up prices

  The war in the Middle East has all but halted oil shipments out of the Persian Gulf, making fuel products derived from crude more expensive and, in some parts of the world, scarce.

  Economy

  May 1
• WestJet raises baggage fees as Iran war pushes jet fuel prices higher

  Jet fuel prices have skyrocketed across the world since the U.S.-Israeli war on Iran began in late February, kicking off a broader Middle East conflict.

  Consumer

  Apr 23
• Lufthansa cancels 20K flights as Iran war sends jet fuel costs soaring

  The airline said it is cancelling a number of flights this summer operated by Lufthansa CityLine, a Lufthansa subsidiary that operates short-haul flights across Europe.

  Consumer

  Apr 22
• WestJet cuts flight capacity due to jet fuel costs, following Air Canada’s lead

  WestJet has consolidated some flights and shortened seasonal services, and hasn’t eliminated any routes so far but is 'evaluating its summer schedule' with an eye to possible cuts.

  Consumer

  Apr 20
• Air Canada to suspend some flights to New York’s JFK over jet fuel costs

  Air Canada said Friday it will suspend its flights from Toronto and Montreal to New York's John F. Kennedy International Airport later this year.

  Canada

  Apr 17
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• War in Iran driving up the cost of flying due to volatile jet fuel prices

  John Gradek said that the price of jet fuel is up about 30 per cent and the cost of fuel represents about 30 per cent of an airline's operating costs.

  Canada

  Mar 12
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• Parkland Corp. produces first batch of low carbon jet fuel made in Canada

  Fuel retailer Parkland Corp. said Tuesday it has successfully produced about 100,000 litres of the fuel at its refinery in Burnaby, B.C. "using existing infrastructure."

  Economy

  Dec 11, 2024