Business Standard
US airlines spent more than USD 6 billion on jet fuel in April, up 78 per cent from a year earlier despite using slightly less fuel, government data released Monday showed. Meanwhile, the airline industry's top global trade group warned that soaring energy costs could nearly halve profits in 2026. Since conflict erupted in the West Asia earlier this year after the US and Israel launched strikes on Iran, much of the shipping traffic through the Strait of Hormuz -- a critical oil transit route bordering Iran -- has remained effectively halted, pushing up the price of oil and jet fuel. In an effort to contain costs, airlines around the world have raised airfares and fees, cut other perks and cancelled flights or trimmed schedules. US carriers spent nearly USD 6.5 billion on fuel in April, compared with about USD 3.6 billion a year earlier, according to the Bureau of Transportation Statistics. Fuel consumption in April totalled 1.573 billion gallons, down slightly from 1.575 billion ...
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