STOCKHOLM, March 17 (Reuters) - Scandinavian airline SAS said it would cancel 1,000 flights in April because of high oil and jet fuel prices caused by the Iran war and the closure of the Strait of
SAS to Cancel 1,000 Flights in April as High Fuel Prices Hit Aviation Industry
Impact of Rising Fuel Prices on SAS and the Aviation Industry
Background: Geopolitical Tensions and Fuel Price Surge
STOCKHOLM, March 17 (Reuters) - Scandinavian airline SAS said it would cancel 1,000 flights in April because of high oil and jet fuel prices caused by the Iran war and the closure of the Strait of Hormuz, Swedish business daily Dagens Industri (DI) reported on Tuesday.
The U.S.-Israeli war on Iran is now in its third week, with no end in sight. The Strait of Hormuz remains largely closed off and U.S. allies have rebuffed U.S. President Donald Trump's calls for them to help reopen the vital waterway, through which about 20% of global oil and liquefied natural gas flows.
CEO Statement on Industry Challenges
"The price of jet fuel has doubled in ten days. Even if we try to absorb cost hikes as far as we can this is a shock that strikes directly at the aviation industry," SAS CEO Anko van der Werff told DI.
Operational Adjustments and Flight Cancellations
He said the company had cancelled a "couple of hundred" flights in March, adding that the airline normally had 800 daily flights and that the measures taken were not drastic. SAS has already hiked prices of flights due to rising fuel costs.
Company Response and Media Coverage
SAS did not immediately respond to a request for comment.
(Reporting by Johan Ahlander; Editing by Nia Williams)
