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Air Canada
Symbol AC
Shares Issued 280,771,362
Close 2026-06-03 C$ 21.40
Market Cap C$ 6,008,507,147
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Globe says Air Canada, rivals see jet fuel supply OK

2026-06-04 08:16 ET - In the News

Also In the News (C-ONEX) Onex Corp
Also In the News (C-TRZ) Transat AT Inc

The Globe and Mail reports in its Thursday edition that three months after the Iran war first sparked fears of widespread flight disruptions driven by fuel shortages, airlines are now assuring customers that fuel supply is stable. The Globe's Mariya Postelnyak quotes Air Canada telling customers: "There is no fuel shortage affecting our operations, including across Europe. We do not anticipate any significant impact through the summer." The message echoed a statement made last week by Lufthansa's Dieter Vranckx: "Fuel supply is stable so summer's good to go. There are no signs from our suppliers that fuel supply will be at risk this summer." Back in April, the International Energy Agency said Europe had about six weeks of jet-fuel supply left. But predictions of mass cancellations and plummeting airline capacity largely haven't materialized. According to data from aviation analytics firm Cirium, the supply of seats on summer flights travelling between Canada and major European hot spots, as well as Asian tourism hubs such as Japan, remained virtually unchanged in late May when compared with the month preceding the Iran war. Fuel supply workarounds have helped offset the blows dealt by the U.S.-Israeli war on Iran.

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