Key facts
- Europe currently has no jet fuel shortage.
- There are no signs of a future jet fuel shortage.
- Some airlines are canceling routes due to economic reasons.
- UK shoppers returned to the high street in May due to warmer weather.
Europe's transport chief has stated that there is currently no jet fuel shortage and no indications of one emerging in the coming period, despite the ongoing conflict in the Middle East. The official suggested that some airlines are choosing to cancel routes that are not economically sensible. Meanwhile, in the UK, retail footfall saw an increase in May, attributed to warmer spring weather. Figures from the British Retail Consortium (BRC) and a separate survey by BDO indicated a rebound in shoppers visiting high streets, reversing a sharp decline seen in April. Consumer confidence also showed signs of improvement.