Airline Fuel Costs Jumped 56 Percent in March: Transportation Department
Carriers spent $5.06 billion on fuel, and airlines have cut 2026 forecasts and growth plans as prices climbed after the Iran strikes.
- On Wednesday, the Department of Transportation reported U.S. airlines spent $5.06 billion on jet fuel in March, a 56.4% increase from February's $3.23 billion expenditure.
- These surging costs stem from disruptions in global oil markets, specifically shipping through the Strait of Hormuz, following the U.S.-Israeli war with Iran that effectively closed the waterway for over two months.
- Ultra-Low-Cost carrier Spirit Airlines ceased operations on Saturday, citing an additional $100 million in fuel costs in March and April as its restructuring plan failed.
- Transportation Secretary Sean Duffy rejected a $2.5 billion bailout request, stating he did not believe it was necessary because Spirit's model "wasn't working."
- President Trump recently announced an abrupt end to operations in the Strait of Hormuz, as reports suggest Washington and Tehran are nearing a framework for a deal to end the war.
20 Articles
20 Articles
Dept. of Transportation says airline fuel costs jumped 56% in March
Airline fuel costs went up 56 percent in March, according to the Department of Transportation (DOT) — a sharp spike in the first full month after the outbreak of the Iran war. In a Wednesday release, the DOT’s Bureau of Transportation Statistics (BTS) said that U.S. scheduled service airlines’ total fuel expenditure was $5.06 billion...
US Airlines Spent $5 Billion On Fuel In March Alone As Energy Crisis Deepens: Here's How Airline Stocks H
Airline fuel costs surged 56% in March, the Department of Transportation said Wednesday, marking a sharp jump in the first full month after the U.S.-Israeli war with Iran began and the Strait of Hormuz disruption shook global energy markets. Airlines’ Fuel Bills Jump Past $5 Billion The department's Bureau of Transportation Statistics said U.S. scheduled service airlines spent $5.06 billion on fuel in March, up 56.4% from $3.23 billion in Februa…
US airlines’ fuel costs spiked by 56% in March, new data show
Fuel costs for U.S. airlines increased by more than 56% in March from the month before, according to data from the federal government, shedding light on how the ongoing conflict in the Middle East is affecting the sector. The U.S.…
Airline fuel costs jumped 56 percent in March: Transportation Department
Airline fuel costs went up 56 percent in March, according to the Department of Transportation (DOT) — a sharp spike in the first full month after the outbreak of the Iran war. In a Wednesday release, the DOT’s Bureau of Transportation Statistics (BTS) said that U.S. scheduled service airlines’ total fuel expenditure was $5.06 billion...
U.S. airline jet fuel costs surge 56% in March | Honolulu Star-Advertiser
WASHINGTON >> Major U.S. passenger airlines spent just over $5 billion on jet fuel in March, up $1.8 billion or 56% from what they spent in February, the U.S. Transportation Department said today.
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