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The jet fuel crisis never existed, sources say | Fortune
— Ai Summary —
A jet fuel scare that raised alarms about air travel appears not to have materialized, according to Fortune’s sources. Two private jet operators say there was never a fuel shortage, though prices rose. Jet Linx CEO Jamie Walker notes a fleet of about 100 planes across 22 locations and an 80% spike in jet-card sales; he also cites a sixfold rise in fuel production and U.S. exports to Europe. Elevate Jet’s Greg Raiff echoed the assessment. Officials say Saudi Arabia will ship more jet fuel in June, at 118,000 barrels per day, up from 140,000, with the EU indicating no shortage expected.
AI-generated summary • Source: Fortune • Read the full article for complete information.
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