Higher Europe air fares 'inevitable', says industry head

Higher Europe air fares 'inevitable', says industry headJust nowShareSaveAdd as preferred on GoogleTheo LeggettTransport CorrespondentManuel Romano/NurPhoto via Getty ImagesHigher ticket prices for air travellers in Europe are "inevitable" because of the high cost of jet fuel, according to the head of the International Air Transport Association.Although some airlines have cut their European fares recently because of a lack of demand, Willie Walsh said there was no way airlines could absorb the extra costs over time.He told the BBC there was still concern the industry in the UK could face shortages of fuel over the summer, although he insisted there was no need to panic.However, he noted that even if the Strait of Hormuz were reopened tomorrow, the impact of disruption caused by the conflict in the Middle East could still be felt into next year.Getty ImagesWillie Walsh represents the airline industry and says jet fuel remains a concernA government spokesperson said UK airlines were "clear that they are not currently seeing a shortage of jet fuel".The closure of the Strait of Hormuz as a result of the conflict in Iran has had a dramatic impact on jet fuel prices and raised concerns about possible shortages in the months to come.Europe, and the UK in particular, are usually highly reliant on imports from the region, and have been scrambling to find alternative supplies.Last week, for example, the EU said there was no regulatory reason why US-grade jet fuel should not be used by European airlines, provided its introduction was managed carefully.On Wednesday, the EU's energy commissioner, Dan Jorgensen, said he did not expect a serious shortage in the short term, but could not rule out supply issues in the longer term.The chief executive of the travel operator Tui, Sebastien Ebel, also said he did not expect shortages over the coming months.But Walsh said there were still concerns for UK operators."I think the major problem facing...