Global jet fuel demand is slowly recovering from last year’s collapse. The number of commercial flights has more than doubled since April 2020 and even tripled on some days in major domestic markets such as the United States. Yet, the recovery of aviation fuel demand is expected to be the slowest among all fuels, and a return to pre-pandemic levels is unlikely at least until 2023, analysts say. Recent weeks have seen an uptick in global airline passenger numbers, pointing to an improvement in jet fuel demand—very slow, but an improvement nevertheless. This recovery, however, may not be a smooth take-off, with the airline industry and the global aviation fuel demand facing both short-term and long-term challenges. In the short term, jet fuel prices are surging because of higher oil prices and economic growth, creating a higher cost burden on airlines that have been bleeding cash for more than […]