The price of jet fuel in Europe has returned to multi-year highs amid tight supply and a lack of available imports. Energy information provider ICIS assessed jet kerosene at the Amsterdam-Rotterdam-Antwerp (ARA) import hub at $1,740 per tonne on 31 March, up from $1,595.50 a week earlier and around $650 at the start of the year. ICIS notes that jet fuel markets remain characterised by "extreme volatility" as buyers seek to secure supplies at short notice. Crack spreads, which reflect the price differential between a barrel of oil and the refined product, remain at "historically elevated" levels, adds ICIS, as the price of jet fuel is rising faster than that of crude. Meanwhile, market liquidity remains thin, as buying is "largely necessity-driven". ICIS, which like Cirium is RELX-owned, identifies some pricing softness in recent sessions, but "the durability of any pullback remains uncertain", it observes. "Overall, the market is being dictated more by immediate physical constraints, terminal congestion and shipping delays than broader crude fundamentals, keeping European jet-fuel dynamics reactive and sensitive to short-term shocks," it states. European jet-fuel markets are highly dependent on Middle Eastern exports, which is why the regional supply-demand imbalance is taking a toll on market dynamics. ICIS highlights International Energy Agency data that shows the Gulf supplied around 280,000 barrels of jet fuel to Europe per day in 2025, accounting for 60% of imports and just under a quarter of regional demand. Meanwhile, ARA jet-fuel stockpiles fell 5.3% in the week to 26 March to reach the lowest level in two years.

The UK’s Civil Aviation Authority has rejected Heathrow airport’s bid to hike the fees it charges airlines for the period of January 2027 to end-2031. As part of the CAA’s initial proposals, which are now out for consultation, Heathrow will be able to charge a mid-point of £28.80 ($38) per passenger, up slightly from £28.40 currently. That is significantly below the £33.26 that was proposed by Heathrow, while being above the £23 put forward by airlines. The CAA notes that Heathrow plans to invest billions in the coming years to improve airport resilience as well as improvements to consumer services, including baggage handling and security. "Our primary duty is to protect consumers and at the heart of today’s proposals is doing the right thing for passengers using Heathrow airport, while supporting sustainable growth, investment, and efficiency," says Selina Chadha, group director of consumer and markets at the CAA. The regulator will publish its final proposals in November ahead of a decision in April next year. The price control proposals are separate from work being undertaken on Heathrow’s expansion.

Industry stalwart Willie Walsh has been appointed to lead Indian low-cost carrier IndiGo after his current term as director general of IATA expires at end-July. In a stock-exchange filing, IndiGo notes that, subject to security clearance by the Indian authorities, Walsh will join the airline as chief executive no later than 3 August. His appointment was approved by IndiGo's board on 31 March. "I am thrilled that Willie will be at the helm of IndiGo," states the airline's chair Vikram Singh Mehta. "He is an exceptional global aviation leader with a stellar track record of outstanding leadership across several airlines." Walsh served as chief executive of European airline group IAG prior to taking up his role at IATA, having headed up subsidiary British Airways before that. IndiGo credits him with being "widely considered as one of the most successful, respected, influential and long-lasting leaders in modern aviation history", one "admired for his pragmatic and resolute management, effective complex restructuring, and successful mergers and acquisitions". For his part, Walsh declares himself "delighted to have the opportunity to lead IndiGo" and describes the airline as having a "strong foundation, a compelling vision and an exceptional reputation". He adds: "What stands out most to me are its people, their passion, professionalism and commitment. The aviation landscape is evolving rapidly, and IndiGo is extremely well positioned to be at the forefront of this change." IndiGo's previous chief executive, Peter Elbers, stepped down abruptly on 10 March, citing personal reasons. Under his tenure, IndiGo underwent a significant expansion, including a 40% growth of its fleet to around 400 aircraft, as well as a move into long-haul flights and the signing of a codeshare partnership with Delta Air Lines. However, the airline was hit by widespread groundings last December, forcing the cancellation of over 2,500 flights, blamed on changes to flightcrew duty limitations. That incident forced regulators to step in and temporarily instruct the carrier to slash services. Profit before tax for the quarter fell 78%. IndiGo highlights that in his new role, Walsh will be responsible for the overall management and strategic direction of the airline, "with a focus on transformational initiatives to strengthen the operational performance, advance the company's network and commercial strategy while enhancing customer experience".