Philippine President Ferdinand Marcos Jr. has warned that airlines in the country could be forced to ground aircraft as the escalating conflict in Iran threatens jet fuel supply and pushes aviation costs higher.
The president said the possibility of flight disruptions is growing as airlines struggle to secure fuel for international operations.
“Several countries have already told our airlines they cannot fuel their aircraft, so they have to carry fuel there and back,” Mr Marcos said in an interview with Bloomberg News on March 24.
He added that longer international routes are likely to face the most serious challenges if the crisis persists.
“Long haul is going to be a much more serious problem.”
Asked whether planes could eventually be grounded, the Philippine leader acknowledged the risk while expressing hope that such a scenario could still be avoided.
“we’re hoping not, but it’s a distinct possibility.”
Airlines across Asia are already drawing up contingency plans as the intensifying Middle East conflict threatens to trigger a major oil price shock, raising concerns over the cost and availability of aviation fuel.
The Philippines remains particularly vulnerable due to its heavy reliance on imported crude oil, much of which comes from the Middle East, increasing exposure to supply disruptions and domestic price pressures.
Local budget carrier Cebu Air has announced plans to reduce flights from early April in response to surging fuel costs linked to the crisis.
Elsewhere in the region, Vietnam Airlines has temporarily suspended services on some domestic routes, while VietJet Aviation JSC is cutting flight frequencies. Another carrier, Bamboo Airways, said it will attempt to maintain services during peak travel periods but warned that operations could be scaled back if oil prices remain elevated.
Marcos’ remarks appeared to contrast with earlier assurances from Energy Secretary Sharon Garin, who said airlines had indicated they currently have sufficient fuel orders in place.
“We met them because we wanted to know if they need help in procuring, but they have assured us they’re okay,” Ms Garin said.
The evolving situation has heightened uncertainty within the aviation sector, with industry players closely monitoring fuel supply dynamics and the potential impact on regional air travel.
BLOOMBERG
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