Dossier
U.S. Bureau of Transportation Statistics
Coverage of U.S. Bureau of Transportation Statistics in the Nexus archive.
- US airlines lost close to $1 billion last quarter as Iran war sends costs higher
U.S. airlines lost $966 million in Q1 2026, driven by doubled jet fuel prices due to the war with Iran, leading to higher ticket costs and flight cancellations. The U.S.-Israel campaign against Iran and its aftermath have disrupted oil infrastructure and reduced oil passage through the Strait of Hormuz, exacerbating costs.