U.S. Airlines Spend 56.4% More on Jet Fuel in March Following Iran Conflict
U.S. airlines spent $5.06 billion on jet fuel in March, a 56.4% increase from February, according to U.S. government data. The surge in costs followed the U.S.-Israel strikes on Iran, which led to the closure of the Strait of Hormuz. Airlines have revised or canceled their 2026 guidance due to the rising fuel expenses.
Topics: Airlines Fuel Prices Jet Fuel Costs Strait of Hormuz Travel Industry