DHL Express Confident in Aviation Fuel Supply for Summer Amid Iran War Risks
Overview of DHL Express's Aviation Fuel Strategy and Market Conditions
DUESSELDORF, June 2 (Reuters) - DHL Express Europe considers its aviation fuel supplies secure for the summer months despite the uncertainty created by the Iran war, helped by easing market pressures and diversified sourcing, its CEO, Mike Parra, told Reuters.
Current Risk Assessment at Major Hubs
"At the moment we don't have a risk" at any of the major hubs, gateways and major cities, and no disruptions are expected, said Parra in an interview on Tuesday.
Jet Fuel Market Trends and Supply Sources
Jet fuel markets have loosened in recent weeks as demand has softened and imports into Europe have increased from the United States, Nigeria and South Korea.
Impact of Increased Imports
"All in all, there have not been any shortages yet," said the head of the premium delivery service's European branch.
Contingency Planning and Network Flexibility
Alternative Fueling and Routing Options
Parra added that the firm's global network and contingency planning would allow it to handle potential localised shortages.
Aircraft can be fuelled at alternative locations and flight routes adjusted if necessary, while the company can also shift cargo to road transport or reroute via different hubs.
Dynamic Network Response to Escalating Risks
"If things started to get really ugly and beyond normal, we have a very dynamic aviation network and network planning," he said, adding that the situation was being monitored per usual.
Market Exchange Rate
($1 = 0.8590 euros)
Reporting Credits
(Reporting by Matthias Inverardi, Writing by Miranda Murray, editing by Kirsti Knolle)
