WASHINGTON, May 6 (Reuters) – Major U.S. airlines spent just over $5 billion on jet fuel in March, up 56% and $1.8 billion over February costs, the U.S. Transportation Department said.
The cost per gallon of fuel in March was $3.13, up 74 cents, and 31% over February. Fuel use rose 20% in March. Global carriers are contending with surging jet fuel prices since the U.S.-Israeli strikes on Iran disrupted traffic through the Strait of Hormuz, in the air travel industry’s worst crisis since the COVID-19 pandemic.
(Reporting by David Shepardson)
Brought to you by www.srnnews.com
