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.
14 Articles
14 Articles
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...
Washington Examiner
Conservative News DailyDOT says airlines paid 56% more for fuel in March than before Iran war
The Department of Transportation revealed that aviation fuel prices increased by 56% over the war in Iran. The DOT posted the update as required periodically by the Office of Management and Budget. In February, it reported that airlines collectively paid $3.23 billion, while in March it paid $5.06 billion, a 56% increase. The price per gallon for aviation fuel rose from $2.39 per gallon in February to $3.13 per gallon in March. “Airline fuel cos…
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