Major U.S. passenger airlines spent just over $5 billion on jet fuel in March, up $1.8 billion or 56% from what they spent in February, the U.S. Transportation Department said on Wednesday.
The cost per gallon of fuel in March was $3.13, up 74 cents, and 31% over February. Fuel use rose 20% in March, USDOT added.
Since the U.S.-Israeli war with Iran began, disruptions to shipping through the Strait of Hormuz have roiled global oil markets. Surging jet fuel prices have created the air travel industry’s biggest crisis since the COVID-19 pandemic.
Airlines spent $3.88 billion in March 2025 on jet fuel, far below the $5.06 billion they spent in March of this year.
Major U.S. carriers have hiked air fares and baggage fees, cutting some routes and making other cost cuts. Fuel…
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Source gvwire.com
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