jet fuel

U.S. airlines spent $6.66 billion on jet fuel in May 2026, an 84% increase from the same period in the previous year. The spending surge occurred amid the Iran war, which contributed to rising fuel costs.

U.S. airlines spent $6.66 billion on jet fuel in May, an 84% increase from May 2025, driven by higher fuel prices despite a 0.6% decline in consumption. Rising costs have led airlines to raise fares, cut flights, and face vulnerability due to energy price volatility linked to the Middle East conflict and the Strait of Hormuz disruptions.

U.S. airlines spent $6.66 billion on jet fuel in May, marking an 84% increase compared to the same month in the previous year. The data was released by the government on Tuesday.

U.S. airlines spent $6.66 billion on jet fuel in May, an 84% increase from May 2025, driven by higher prices rather than increased consumption. Fuel costs have risen due to disruptions in the Strait of Hormuz from the Middle East conflict, though recent declines in prices offer some relief to airlines.

Nigeria's jet fuel exports to Europe reached a record high in June, driven by the Dangote Petroleum Refinery's growing influence in the international aviation fuel market, despite Europe's oversupplied market and weakening prices.

Air Canada has halted and delayed several flight routes to U.S. destinations due to high jet fuel costs and reduced demand. WestJet and Air Transat also reduced summer flight capacity to the U.S. as the Iran war drove up fuel prices.

EasyJet has agreed to a £5.2 billion takeover offer from Castlelake. The article also mentions Europe's need for increased jet fuel supplies to maintain summer imports.

U.S. refiners are experiencing strong profit margins as demand for refined fuels outpaces supply due to persistent supply chain constraints, reduced Russian production, and limited global refining capacity. Elevated gasoline and diesel prices are driven by resilient demand, low inventories, and refiners prioritizing diesel and jet fuel production over gasoline.

U.S. airline stocks are rising due to cheaper jet fuel and high demand, leading to a summer boom. Delta and United shares are approaching records as the sector has increased by 20% in June.

Airline ticket prices may remain high despite lower fuel costs from the US-Iran deal, as carriers prioritize rebuilding margins over reducing fares. Reduced jet fuel prices could save airlines over $40 billion annually, but limited seat growth and lagging fare increases relative to fuel costs mean passengers may not see immediate relief.

A report identifies the best and worst days to fly during the summer following airline jet fuel price increases. The findings aim to help travelers navigate potential cost fluctuations linked to rising fuel prices.

Dangote refinery has reduced the price of jet fuel to N1,450 per litre. This follows a previous reduction in the ex-depot price of petrol.

The average price of jet fuel has fallen to its lowest level since the beginning of the war with Iran. Aviation experts predict that airfare costs will remain high despite the drop in fuel prices.

LATAM reported a record first-quarter 2026 adjusted EBITDA of US$1,315 million, a 37% increase, and a 62% rise in net income to US$576 million. However, its Brazilian unit announced a 3% reduction in July capacity due to a jet-fuel price spike, and the airline lowered its guidance.

Increased jet fuel and kerosene production by U.S. and European refineries has alleviated concerns about potential flight disruptions during the European holiday season, following fears of an Iran-related oil shock.

A startup company has launched a new Moses Lake facility to produce greener jet fuel, marking the start of commercial production for the new process and product. The initiative aims to address aviation's climate problem.

Brazil airlines are cutting flights due to doubled jet-fuel prices caused by the Middle East conflict. Azul, a leading carrier, has reduced 5% of its capacity, and the sector warns Brazil could lose 10 million passengers this year.

U.S. airlines spent $6.5 billion on jet fuel in April, a 78% increase from the previous year, despite using slightly less fuel. The International Air Transport Association revised its 2026 global airline profit forecast downward to $23 billion from $41 billion, citing soaring energy costs linked to Middle East conflicts disrupting oil transit routes like the Strait of Hormuz. Airlines worldwide have raised fares, canceled flights, and reduced services to offset higher fuel expenses.

Air fare increases are deemed inevitable as the Iran war adds an extra £75 billion in jet fuel costs for airlines over one year. The financial burden stems from heightened fuel expenses linked to geopolitical tensions.

Uganda's Entebbe fuel hydrant, holding 16 million liters of jet fuel, is managing a crisis amid escalating tensions in the Middle East. The situation highlights risks to fuel supply stability due to regional geopolitical conflicts.

Global airlines are projected to see profits halve to $23bn in 2026 from $45bn in 2025, with net margins dropping to 2% due to surging jet fuel costs, according to IATA.

Airlines are facing a $100 billion financial impact due to an energy shock linked to Iran. Industry warnings indicate that rising energy costs could reduce airline profits by half.

IATA Director Willie Walsh discusses how rising jet fuel costs will incentivize refineries to increase production.

Russia’s crude oil exports averaged 3.46 million barrels a day last month, a wartime high since the 2022 Ukraine invasion. Ukrainian drone strikes on refineries and terminals halted exports of gasoline and jet fuel, increasing crude oil sales amid rising prices, though upstream production is declining and the government faces compensation costs for refinery owners.

American Airlines temporarily suspends some summer routes in August and September due to elevated jet fuel costs linked to the war with Iran. The airline cites industry-wide challenges, with fuel prices averaging nearly $142 per barrel, and notes travelers may face alternative arrangements or refunds as a result.

Russia suspended jet fuel exports due to domestic shortfalls caused by Ukrainian attacks on refineries, exacerbating global airline industry challenges. The move follows trade disruptions from the Iran war closing the Strait of Hormuz, with airline stocks falling as fuel costs rise and a US investment group considers acquiring UK carrier easyJet.

Castlelake is considering making an offer to acquire UK-based airline EasyJet. The article also mentions the need for Europe to secure new jet fuel supplies to maintain summer travel levels.

Russia is considering reducing diesel and jet fuel exports amid increasing attacks. The decision comes as fuel-filled freight wagons are observed at a refining and petrochemical plant in Nizhnekamsk, Russia.

China's airlines are disproportionately affected by geopolitical tensions in Iran, facing elevated jet fuel costs and vulnerability to competition from domestic alternatives. Unlike global carriers, Chinese airlines lack effective hedging strategies and face customer attrition to cheaper high-speed rail services, compounding their operational challenges.

Airlines that maintained fuel hedging strategies have been vindicated as jet fuel prices surged due to geopolitical tensions. The article highlights how hedging practices protected airlines from volatile fuel cost spikes during wartime conditions. This demonstrates the strategic value of risk management in the aviation industry.

Budget airline easyJet reports declining summer holiday bookings compared to the previous year, citing the Iran war and resulting uncertainty in consumer confidence. The airline incurred an unexpected £25 million additional cost for jet fuel in March due to the US-Israel conflict with Iran, prompting passengers to delay their travel bookings.

The U.K. has eased sanctions on Russian oil by issuing a new trade license permitting the purchase of jet fuel and diesel refined from Russian crude oil sourced from third-party countries. This move comes as energy costs remain elevated across the country. The policy adjustment represents a shift in the U.K.'s approach to Russian energy restrictions.

The 'jet fuel crisis' is not a concern as holiday bargains are available with some being almost 50% cheaper than last year. This provides a great opportunity for travelers to grab affordable deals. The prices have dropped significantly compared to the previous year.

Ryanair CEO states that Europe will not run out of jet fuel. The statement aims to alleviate concerns about potential fuel shortages. Ryanair is a major European airline.

Air fare rises have fallen due to customers avoiding holiday bookings over jet fuel shortage fears, according to Ryanair. This decline in air fare rises is a result of decreased demand. The situation is being monitored by the airline.

Ryanair has plans for a potential 'armageddon' scenario due to the jet fuel crisis, warning that weaker European carriers may not survive. The company's CFO expressed concerns about the impact of the crisis on the aviation industry. Ryanair is preparing for a worst-case scenario.

Millions of passengers may face flight cancellations due to Labour plans, which could lead to critically low jet fuel supplies in weeks. The plans have sparked warnings about potential disruptions to air travel. Passengers are advised to prepare for possible flight cancellations.

Airlines are cutting prices to attract tourists due to a decrease in bookings caused by jet fuel shortage fears. This move aims to boost tourism and mitigate the impact of potential fuel shortages. The price reduction is an effort to lure in customers who are hesitant to book flights.

Airlines are facing dwindling supplies of jet fuel, but it's unclear where shortages will hit first and hardest. This shortage may impact airlines' operations and schedules. The cause and extent of the shortage are still uncertain.

A poll is being conducted to determine if the jet fuel crisis is affecting people's decisions to fly this summer. The crisis may impact air travel plans. People are being asked about their flying intentions.