US carriers spent $6. 5B on fuel in April; global profit forecast is cut nearly in half | Collector

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US carriers spent $6. 5B on fuel in April; global profit forecast is cut nearly in half

Economic Times

US carriers spent $6. 5B on fuel in April; global profit forecast is cut nearly in half

Airlines are facing a fuel price shock. U.S. carriers spent over six billion dollars on jet fuel in April, a significant jump from last year. This surge in energy costs is impacting global airline profits. Industry experts predict profits could be cut almost in half by 2026. Airlines are responding by raising fares and cutting flights.

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