Jet fuel prices hold at highs as supply shortages worsen
April 10, 2026
The price of jet kerosene continues to sit at its recent high levels amid an "acute" shortage of product, according to energy information service ICIS. It notes that jet fuel for delivery to northwest Europe was assessed at $1,887.75 per tons on 7 April, up 8.5% week on week and from around $650 at the start of the year. ICIS, which is part of RELX, notes that buyers are holding back from making large purchases at current prices, despite limited available volumes. "[The] European physical jet-fuel market is experiencing acute supply-driven tightness, with prices and refining margins surging to record levels amid disruptions linked to the Middle East conflict," writes ICIS. "Market liquidity remains thin, with sellers retreating at elevated levels while buyers continue to secure limited volumes through necessity-driven bidding." It adds that jet fuel availability has "tightened sharply" with inventories falling and an inbound flow of product from the USA and West Africa unable to make up for a shortfall of supplies that would normally arrive from the Middle East. High demand for diesel, which like jet fuel is a middle distillate, means that refineries are continuing to prioritise that product and holding back from shifting to kerosene, notes ICIS. The result is that jet fuel is "now widely viewed as the most stressed barrel", it writes. Prices for delivery to Singapore fell slightly to $221 per barrel, although that compares with around $80 at the start of the year. ICIS notes that Asia has been hurt by a cut in refinery runs because of a shortfall in Middle Eastern crude imports, as well as the loss of product shipments. Around 80-90% of Gulf crude exports go to Asia, notes ICIS: primarily China, India, Japan and South Korea. In the USA, product delivery to New York harbour rose by 31 cents per US gallon to $4.33, up from less than $2 at the start of the year.
Qatar Airways grounds A380s until June
April 09, 2026
Qatar Airways has removed its Airbus A380s from service until June, according to schedules data. The data shows that none of the airline's 10 A380s are scheduled to fly for the remainder of April and May, only returning with 66 weekly services in June. Through June 2025, the airline made 84 weekly services with the aircraft, and by July this year Qatar Airways plans to operate them for 92 services. The removal of Qatar Airway's A380s from service while other widebody jets remain active, mirrors the situation during the pandemic when the four-engined aircraft was quickly taken out of schedules. A380s were also frequently the last widebody aircraft returned to service, with some carriers, such as Air France, Malaysia Airlines, Thai Airways and China Southern, removing them entirely. Back in 2021, Qatar Airways itself said it was only "reluctantly" returning some of its A380s back to operation following Covid-19 because it had a lack of available widebody capacity. Fleets data shows that two of Qatar Airways' 10 A380s (MSN 137 and 143) have been parked since 2020.
Air Canada adds nonstop flights to Tenerife
April 09, 2026
Air Canada has added several new winter vacation destinations for the winter 2026-27 season to its network, including nonstop flights from Toronto and Montreal to Tenerife, Spain. The Tenerife flights, which Air Canada says are the only nonstop services between North America and the Canary Islands, will be operated with the airline's new Airbus A321XLR aircraft, with capacity for 182 passengers in a configuration of 14 signature-class (formerly known as international business class) seats and 168 economy-class seats. The airline has also added Roatan, Santo Domingo, Merida and Mazatlan as new destinations, plus several new nonstop flights to other Caribbean and Mexico destinations. "We are further cementing Air Canada’s global network as one of the most far-reaching from the North American continent. The addition of Tenerife, in the Canary Islands, reflects our continued ambition to offer our customers and Aeroplan members an exceptional, diversified array of unique Air Canada destinations," states Mark Galardo, executive vice-president and chief commercial officer, and president of cargo at Air Canada. "Air Canada is also expanding flights into Latin America from Vancouver, enabled by growing A220 and Air Canada Rouge bases that unlock sought-after, nonstop service to Costa Rica and Mexico, including to Mazatlan, a new Mexican destination. "In addition, we are adding Roatan, Santo Domingo and Merida to our global network, while introducing exciting new leisure options for our customers in Edmonton, Winnipeg, Quebec and Halifax. Together with our previously announced new services to Sapporo and Quito, and our new leisure options from Calgary to Mexico, Air Canada continues to deepen its industry-leading network, proudly connecting Canada globally."