Lufthansa jet fuel update as airline 'in better position than most competitors'

Lufthansa jet fuel update as airline 'in better position than most competitors'The German airline is one of the biggest in EuropeCommentsLifestyleCharlotte Smith Senior Lifestyle Content Editor10:28, 22 Apr 2026View 3 ImagesLufthansa has announced it is cutting 20,000 flights (Image: Getty )Lufthansa has issued a statement after energy bosses claimed Europe has six weeks' supply of jet fuel left. Fatih Birol, executive director of the International Energy Agency (IEA), warned there could be flight cancellations ''soon'' if oil supplies remain restricted by the Iran war.‌When approached for comment, Lufthansa told the Mirror that it claims to be in a better position than most competitors regarding its kerosene requirements. A spokesperson for the airline said: "The Lufthansa Group has secured ('hedged') approximately 80 per cent of its kerosene requirements for 2026.‌"And approximately 40 per cent for 2027 based, among other things, on the price of crude oil - both at pre-crisis price levels. With this level of hedging, we are in a better position than most competitors."‌It comes as the airline announced it will cut 20,000 short-haul flights from its schedule this summer to save money amid rising jet fuel costs. Most of these cuts are due to the shutdown of its unprofitable CityLine fleet and the retirement of its 27 planes. The airline pointed out that jet fuel prices have more than doubled and noted labour disputes involving its employees.A statement on the Lufthansa Group website reads: "In total, 20,000 short-haul flights will be removed from the schedule through October, equivalent to approximately 40,000 metric tons of jet fuel, the price of which has doubled since the outbreak of the Iran conflict. The schedule adjustments reduce the number of unprofitable short-haul flights across the Lufthansa Group network.View 3 ImagesThe airline announced it will cut 20,000 short-haul flights from its schedu...