US airline fuel costs rose 56 percent to 5 billion dollars
US airlines spent 5.06 billion dollars on jet fuel in March as prices rose 31 percent. The surge forced Spirit Airlines to close and led to higher airfares.
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Major United States airlines spent $5 billion on jet fuel in March, a $1.8 billion increase from the previous month. Fuel expenditures rose 56% month-over-month as prices reached $3.13 per gallon, up 31% from February levels. The surge in energy costs prompted carriers to hike fares and baggage fees to offset the industry's largest crisis since 2020.
