Published • loading... • Updated
US airlines’ monthly fuel spending topped $6 billion again in May, up 84% from year ago
Airlines raised fares, bag fees and cut schedules as jet fuel prices climbed, offsetting only part of the higher costs, the Transportation Department said.
- United States airlines' fuel costs surged 85% in May to nearly $6.7 billion, the Transportation Department said on Monday, marking the second straight month that expenses topped $6 billion.
- The Middle East conflict drove up prices following shipping disruptions in the Strait near Hormuz; three tankers were struck by projectiles, prompting the United States to revoke an Iranian oil sales license.
- Airlines paid an average of $4.09 per gallon in May, up $1.88 from May 2025, while carriers used 1.627 billion gallons, a 0.6% decrease from the previous year.
- Carriers responded to higher fuel expenses by raising fares and bag fees while trimming flight schedules, though these measures only partially offset rising operating costs.
- Jet fuel costs have dropped in recent weeks as tensions between Iran and the United States eased, with prices remaining down around 40% from their April highs.
Insights by Ground AI
41 Articles
41 Articles
US Airlines Spent $6.66B on Jet Fuel in May
US airlines spent $6.66 billion on jet fuel in May, the second straight month that fuel costs topped $6 billion, according to government data released Tuesday. The May figure was 84% higher than a year earlier. Airlines spent $6.47 billion on fuel in April, the Bureau of Transportation...
·Miami, United States
Read Full Article
Coverage Details
Total News Sources41
Leaning Left9Leaning Right9Center18Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
Factuality
To view factuality data please Upgrade to Premium
