Asia’s travel optimism boosts jet fuel demand: S&P Global Platts
Demand for jet fuel in Asia is likely to be on the path to recovery with some countries opting to reopen even as the spread of delta variant of coronavirus lingers, middle distillate sources told S & P Global Platts.
A glimpse of recovery was seen in the latest report released on September 15 by Singapore Airlines Group which showed it flew 155,400 passengers in August, compared with just 39,800 passengers over the same month last year.
The airline carried about 1.1 million passengers in March 2020 before pandemic-induced border restrictions severely crippled air travel globally.
“Globally, some countries with high rates of vaccination are learning to live with the coronavirus,” said J Y Lim, Advisor for oil markets at S & P Global Platts Analytics.
