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US carriers spent $6.5B on fuel in April; global profit forecast is cut nearly in half
U.S. airlines spent $6.5 billion on jet fuel in April, a 78% increase from the previous year, despite slightly lower fuel consumption. The International Air Transport Association (IATA) revised its 2026 global airline profit forecast downward to $23 billion from $41 billion due to soaring energy costs linked to Middle East conflicts disrupting oil shipments through the Strait of Hormuz.
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- US carriers spent $6.5B on fuel in April; global profit forecast is cut nearly in half
- Global airline profits are set to halve this year as jet fuel costs soar, IATA warns
- The global airline industry’s profits could be cut in half as it braces for its worst year since the pandemic
- Airline Profits to Halve in 2026 as Fuel Costs Surge, IATA Warns
- More traffic, but halved profits for airlines in 2026: Industry forecast
- Airline fuel costs jump 78 percent in past year amid war with Iran