MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


Wizz Air says had problems with jet fuel supply in Italy

ALN

Hungarian low-cost airline Wizz Air Holdings PLC has encountered some jet fuel shortages at three airports in Italy, its chief executive said Friday, following warnings about supplies because of the blockage of the Strait of Hormuz.

‘We had problems because of a shortage of jet fuel in three Italian airports  Venice, Brindisi and Catania,’ Wizz Air Chief Executive Jozsef Varadi told Italian business daily Il Sole 24 Ore.

‘It was all resolved within a day and in some cases within hours, without having to cancel flights.’

Several Italian airports had signalled limitations on jet fuel supplies earlier this month.

The effective closure of the Strait of Hormuz due to the war in Iran is raising the risk of a jet fuel shortage in Europe, just as the big summer travel season is approaching.

Europe normally imports half of its jet fuel from Gulf countries.

‘In no other European country, so far, have we experienced a fuel shortage,’ Varadi told the paper.

‘I think we are currently watching each other (between airlines) to understand how serious the situation might become. Jet fuel has been supplied adequately across Europe, with a minor hiccup in Italy,’ Varadi said.

‘For the time being, I think the situation in Europe is not that alarming; the problems are more serious in Asia than in Europe,’ he said.

‘I believe we will overcome this crisis as well and that it will not be too damaging.’

If problems arise at a given airport, the airline plans first to ensure its planes carry enough fuel for another journey, Varadi said.

Only if that is not enough would it consider reducing services at that airport, he said.

‘Demand is hesitant’ in Europe for the coming weeks, Varadi said, adding: ‘People are waiting to see what will happen’.

Wizz Air shares rose 0.9% to 975.50 pence each in London on Friday morning.

source: AFP

Copyright 2026 Alliance News Ltd. All Rights Reserved.