Fordham professor Giacomo Santangelo spoke with USA Today about the ongoing global jet fuel shortage. He warned that the crisis could have a significant impact on international air travel.
“We are in a global jet fuel shortage right now,” Giacomo Santangelo, a senior lecturer of economics at Fordham University, told USA TODAY. He noted that airlines like SAS and Air New Zealand are already canceling flights, and that U.S.-based United Airlines suggested it could trim as much as 5% of its schedule in the third quarter if fuel prices don’t come down and the supply isn’t boosted.
“The last time we went through this was the 1970s,” Santangelo said. “I don’t want to speak something into existence, but in the 1970s, there was gas rationing.”
With so much uncertainty around the global fuel market, Santangelo said travelers need to be prepared for disruptions and the possibility of canceled flights during their summer vacations.
“You have to be flexible. You have to understand; don’t be married to your schedule. It’s likely to change,” he said.
