US carriers spent $6.5B on fuel in April; global profit forecast is cut nearly in half
U.S. airlines spent more than $6 billion on jet fuel in April, up 78% from a year earlier despite using slightly less fuel, government data released Monday showed. Meanwhile, the airline industry’s top global trade group warned that soaring energy costs could nearly halve profits in 2026. Since conflict erupted in the Middle East earlier this year after the U.S. and Israel launched strikes on Iran, much of the shipping […]