Airlines face soaring jet fuel costs as the U.S.-Israeli war on Iran disrupts supplies, leaving operators scrambling for resources.
Africa imports roughly 70% of its jet fuel via the Strait of Hormuz, exposing the continent to acute shortages and high prices.
Since late February, shipping through the strait has slowed dramatically, removing around one-fifth of global oil and liquefied natural gas supplies.
Jannie de Klerk of South Africa’s National Airways Corporation described volatile prices making flight operations unpredictable and financial planning increasingly difficult.
He cited a recent medical flight where jet fuel surged six rand per litre in just ten hours, eroding potential profits.
In north-west Europe, jet fuel reached record highs near $239 a barrel, while Asian prices approach $200, signalling global market turbulence.
African carriers are hit hardest, as jet fuel accounts for up to 55% of operating costs for airlines like FlySafair.
Benchmark Brent crude settled at $112.19 a barrel Friday, reflecting persistent geopolitical tensions and echoing spikes last seen during the Ukraine invasion.
Physical stocks are dwindling across Africa, with South Africa holding three to four weeks’ supply and Zambia warning of only ten days’ reserves.
Airlines have introduced temporary surcharges and contract clauses to cope, while some consider reducing flight capacity to manage costs.
Africa’s limited refining capacity compounds the crisis, with small domestic plants struggling to meet demand and two major South African refineries operating.
European airlines warn prolonged Middle East instability could trigger further fare increases, as jet fuel flows remain dependent on the strategic Hormuz route.
Asia holds larger inventories, but protective export bans in China show the global ripple effects of constrained supply, heightening uncertainty for months ahead.