Philippine Airlines has adequate jet fuel supply to support its scheduled operations, including long-haul flights, for the foreseeable future, the flag carrier said in a statement, reports Reuters.

The statement, posted on its Facebook account, came a day after Bloomberg News cited President Ferdinand Marcos Jr as saying that grounding planes due to a jet fuel shortage brought on by the US-Israeli war with Iran was a “distinct possibility”.

“The airline recognises that global supply conditions remain dynamic. As part of prudent planning, PAL continues to work closely with fuel suppliers, industry partners, and government stakeholders to ensure stable and efficient operations over the longer term,” it said in a statement.