AirAsia PHL says it has enough fuel for continued operations
LOW-COST CARRIER AirAsia Philippines said it has secured “adequate” jet fuel supply to sustain operations, as concerns over potential disruptions persist amid tightening global supply.
“As the airline acknowledges ongoing demand pressures in the global fuel landscape, AirAsia Philippines continues to proactively strengthen its sourcing planning & strategies leveraging on its regional network and Group resources to ensure operational stability,” AirAsia Philippines said in a statement on Tuesday.
The airline said it will continue to work with fuel suppliers, industry partners, and government stakeholders to minimize possible disruptions and ensure seamless travel.
President Ferdinand R. Marcos, Jr. has said aircraft grounding may be possible as jet fuel supplies remain tight, amid a global fuel situation linked to the ongoing US-Israel and Iran conflict.
According to the Department of Energy, the country’s average jet fuel demand stood at 6.32 million liters as of March 27, with available supply projected to last up to 62 days.
Data from the International Air Transport Association showed jet fuel prices fell 0.9% week on week to $195.19 per barrel as of March 27. On a yearly basis, jet fuel prices rose by 116.8%.
Philippine Airlines and Cebu Pacific have also said they have secured sufficient jet fuel supply to support their domestic and international operations. — Ashley Erika O. Jose
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