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Airlines are canceling flights as they face jet fuel shortages and rising prices brought on by the Iran war
(www.businessinsider.com)
this post was submitted on 17 Apr 2026
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Kind of interesting. One would think these are prime customers for futures contracts and as such, their cost would have been fixed months ago. I can't imagine the big airlines buy on the spot market.
I rather think this is a bit of a pretext to close otherwise economically unviable routes without losing slots.
But who knows, I'm not against airlines closing routes at all.
Even if you have a futures contract, that contract is worthless if the goods don't exist. They can protect against the price going up, but if availability at any price is in question they are meaningless.
Also, if you have a contract it might still be in your best interest to sell the contract and not take the fuel at all.
But the good does exist. It's not like all kerosene has vanished.
Yes, I think this might have happened, might be more lucrative to resell rights to it.
Some exists. However there appears to be less than total demand. Somebody won't get some in that situation and if everyone has a contract to get it someone's contract will not be fulfilled. (most contracts also contain fine print about this situation)