Airline fuel costs jumped 56 percent in March: Transportation Department
Summary
Airline fuel costs in the United States rose by 56 percent in March, as reported by the Department of Transportation. This increase happened shortly after the start of the conflict involving Iran. U.S. airlines spent over $5 billion on fuel during that month.Key Facts
- Airline fuel costs increased 56 percent in March.
- The rise occurred after the outbreak of the Iran war.
- The data comes from the Department of Transportation’s Bureau of Transportation Statistics.
- U.S. airlines with scheduled flights spent $5.06 billion on fuel in March.
- The report was released on a Wednesday.
- This spike represents a sharp increase compared to previous months.
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