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Wizz Air does not expect to run out of jet fuel, CEO says

Published by Global Banking & Finance Review

Posted on April 27, 2026

1 min read

· Last updated: April 27, 2026

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Wizz Air does not expect to run out of jet fuel, CEO says
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Wizz Air CEO Confident About Jet Fuel Supply Amidst Ongoing Iran War Worries

Wizz Air's Perspective on Jet Fuel Supply During Geopolitical Tensions

CEO Jozsef Varadi Addresses Jet Fuel Shortage Concerns

LONDON, April 27 (Reuters) - Jozsef Varadi, the CEO of Wizz Air, said on Monday that he did not think the European budget airline would be running out of jet fuel, amid concerns over shortages if the Iran war continues for a longer period.

Market Dynamics and Jet Fuel Pricing

He told reporters that at the $1,500 metric ton level for jet fuel, the price was such that tankers were incentivised to head to the U.S. to collect it, making up for any shortfalls from the Middle East, a major source of jet fuel for European carriers.

Reporting and Editorial Credits

(Reporting by Joanna Plucinska, writing by Sarah Young; Editing by Kate Holton)

Key Takeaways

  • Wizz Air sees no immediate fuel shortage risk and plans to maintain capacity, unlike some competitors trimming schedules (apnews.com)
  • Europe has limited stored jet fuel—IEA warns of around six weeks’ supply remaining—but alternative sources like U.S. exports and refinery ramp-ups help mitigate disruption (aljazeera.com)
  • Jet fuel prices have surged—up to 95% in places—and airlines globally are adjusting via hedging, cancellations, and operational shifts to cope with cost pressures (euronews.com)

References

Frequently Asked Questions

Will Wizz Air run out of jet fuel?
According to CEO Jozsef Varadi, Wizz Air does not expect to run out of jet fuel even if the Iran war continues.
Why are there concerns about jet fuel shortages for European airlines?
Concerns exist due to potential disruptions in supply from the Middle East, a major source of jet fuel for European carriers.
How are current jet fuel prices affecting the market?
At $1,500 per metric ton, jet fuel prices are incentivizing tankers to collect fuel from the U.S., helping to offset Middle Eastern shortfalls.
What did Wizz Air's CEO say about ongoing supply disruptions?
Jozsef Varadi reassured that the airline's supply is stable and that market price movements are compensating for any disruptions.
Which regions are helping to make up for shortfalls in jet fuel supply?
The U.S. is supplying extra jet fuel as tankers are incentivized by high prices to fill any gaps from the Middle East.

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