Airlines Face Significant Profit Squeeze Due to Rising Jet Fuel Costs
Airlines are facing a substantial reduction in profits, potentially by half, due to a sharp increase in aviation fuel prices. US data indicates that airlines spent 78% more on jet fuel despite lower utilization, with some estimates suggesting a $100 billion impact from rising costs.
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Airlines Spent 78% More On Jet Fuel Despite Lesser Utilisation: US Data
US carriers spent $6.5 billion on fuel in April, compared with about $3.6 billion a year earlier, according to the Bureau of Transportation Statistics
Read full article →Airlines face sharp profit squeeze as Middle East war and fuel costs bite
Global airlines are heading into a tougher 2026, with industry profits expected to halve as war-related disruption in the Middle East and a sharp rise in fuel prices weigh heavily on carriers, according to the International Air Transport Association (IATA). IATA said airlines are now expected to make a combined net profit of $23 billion this year, […]
Read full article →Plateau FRSC: Cycling answer to rising fuel cost
Plateau FRSC advocates cycling as a safe, affordable, and eco-friendly solution to rising fuel costs and traffic congestion in the state. Read More: https://punchng.com/plateau-frsc-cycling-answer-to-rising-fuel-cost/
By Punch Newspapers
Read full article →US airlines’ fuel costs soared in April to $6.5 billion
Fuel costs for U.S. airlines jumped 78% in April to nearly $6.5 billion , compared with the year before, as the Middle East conflict drives up jet fuel prices, the U.S. Transportation Department said Monday.
By Abubakar Ibrahim
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