US airlines spent $1.8 billion more on fuel in March as prices jumped
United Airlines Holdings
Southwest Airlines Co.
American Airlines Group Inc.
Delta Air Lines, Inc.
United Airlines Holdings UAL | 0.00 | |
Southwest Airlines Co. LUV | 0.00 | |
American Airlines Group Inc. AAL | 0.00 | |
Delta Air Lines, Inc. DAL | 0.00 |
WASHINGTON, May 6 (Reuters) - Major U.S. airlines spent just over $5 billion on jet fuel in March, up 56% and $1.8 billion over February costs, the U.S. Transportation Department said.
The cost per gallon of fuel in March was $3.13, up 74 cents, and 31% over February. Fuel use rose 20% in March. Global carriers are contending with surging jet fuel prices since the U.S.-Israeli strikes on Iran disrupted traffic through the Strait of Hormuz, in the air travel industry's worst crisis since the COVID-19 pandemic.