US EditionJet Fuel Prices and Airfares Are Rising. Travelers Are Still Booking Flights, US Airlines Say
U.S. airlines report record bookings amid $400 million jet fuel cost increase driven by Middle East war, with strong demand expected through spring, executives said.
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Jet fuel prices and airfares are rising. Travelers are still booking f
Major U.S. airlines say they are not expecting a significant dent in quarterly profits despite soaring jet fuel costs tied to the war in the Middle East adding hundreds of millions of dollars in expenses. Executives from Delta Air Lines, American Airlines and United Airlines told investors Tuesday that strong ticket sales are helping offset those higher costs, with all three carriers reporting record bookings this year. Jet fuel prices have jump…
Associated Press News
Jet fuel prices and airfares are rising. Travelers are still booking flights, US airlines say
Rising jet fuel costs tied to the war in the Middle East are adding hundreds of millions of dollars in expenses for some major U.S. airlines.
The world average price of air fuel ('Jet Fuel') rose another 11.2% last week compared to the previous week, reaching 152.32 € (175 $) per barrel, according to the analysis published by IATA this Monday, which shows a complicated scenario, adding to the increases that it has been experiencing since the war in the Middle East began on 28 February. In fact, according to the barometer, the increase in the cost of the 'Jet Fuel' is 82.8% compared to…
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