Aurigny Air Navigates Fuel Crisis Amid Iran War

0:00On April 3rd, Ordeny Air, the airline serving Guernsey and Jersey, is keeping a close eye on jet fuel supplies amid the Iran war disruptions, but their CEO says no shortages are expected for the next four to six weeks. They've got solid assurances from multiple suppliers and airports in Guernsey and the UK, even as global oil shipments through the straight-of-form moves. Have ground to a halt since the war kicked off on February 28th. Fuel costs have skyrocketed by about 120% for the state-owned carrier. Hitting them hard and forcing some tough calls like, slapping a temporary two-pound surcharge on new bookings last month. To fight back, they've cut around 12% of flights on key routes from mid-April through early June, aiming to boost load factors and shield. Passengers from the worst of those soaring prices. Meanwhile, 20 to 50% of their fuel is hedged at fixed rates and Jersey's ports boast a diverse supply chain that keeps things. Steady, they're all just monitoring closely as this plays out.