Jet Fuel Bills Surge as US Carriers Spend $5 Billion in March
BeInCrypto
US airlines spent $5.06 billion on jet fuel in March as geopolitical tensions disrupted global oil supplies.Summary
US airlines faced a significant financial strain in March as jet fuel expenditures climbed to $5.06 billion, a 56% increase from February. This surge is primarily attributed to conflict involving the US, Israel, and Iran, which disrupted transit through the Strait of Hormuz and pushed per-gallon fuel costs to $3.13. In response to rising operating costs, major carriers are cutting routes, reducing services, and increasing airfares. Notable impacts include Spirit Airlines suspending all operations and other carriers like Delta, United, and American Airlines adjusting their 2026 financial outlooks.
(Source：BeInCrypto)