India, April 14 -- Virgin Atlantic CEO Corneel Koster has indicated that the fuel crisis caused by the Iran conflict is unlikely to ease anytime soon. The airline industry is among the worst-hit sectors, as the crisis has disrupted fuel supplies globally, with the Strait of Hormuz remaining choked.
Speaking about Virgin Atlantic's fuel reserves, Koster said he has "limited visibility" on jet fuel availability beyond the end of May. "I'm really not concerned until the end of May," he said in an interview, according to a Bloomberg report. "After that, I have limited visibility." He added that the airline has hedged nearly 60% of its fuel requirements.
The UK-based carrier is in talks with governments and its base, London Heathrow Airport,...
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