Fastest Transport Faces Turbulence as Slowest Changes Its Fuel
- Southwest Airlines has extended hedging of future fuel costs
- Uncertainty as to whether jet fuel supply will surge or shrink
Photographer: Athanasios Gioumpasis/Getty Images
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From the window of a jet plane, it can be hard to see ships crawling across the seas. Yet what’s burning in those engines thousands of feet below may determine the fate of airline profits in the next few years.
In about 18 months’ time, the world’s oil refineries are going to have to supply shipping companies with better-quality fuel to comply with international regulations agreed back in 2016 in a nondescript building on the banks of the River Thames in London.