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Jet Still Reeling as Omicron Panic Subsides

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Travel restrictions that undermine jet fuel demand remain in place despite evidence suggesting Omicron could be a more contagious but less dangerous Covid-19 variant than Delta. The International Air Transport Association (IATA) is urging governments to follow World Health Organization (WHO) advice and lift new restrictions. The WHO warned this week that bans wouldn't stop the international spread and could discourage countries from reporting and sharing vital epidemiological and sequencing data for fear of economic damage. “After nearly two years with Covid-19 we know a lot about the virus and the inability of travel restrictions to control its spread. But the discovery of the Omicron variant induced instant amnesia on governments which implemented knee-jerk restrictions in complete contravention of advice from the WHO — the global expert,” said IATA Director-General Willie Walsh.

Jet Fuel, Crude Oil, Oil Prices, Oil Spot Markets
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