US airlines’ monthly fuel spending topped $6 billion again in May, up 84% from year ago
Summary
U.S. airlines spent $6.66 billion on jet fuel in May 2026, marking the second month in a row with costs over $6 billion. This spending is 84% higher than the same month last year, mainly because fuel prices increased, while the amount of fuel used stayed about the same.Key Facts
- U.S. airlines spent $6.66 billion on jet fuel in May 2026.
- This amount is 84% higher than in May 2025.
- Airlines used 1.627 billion gallons of jet fuel in May 2026, slightly less than the previous year.
- The average price for jet fuel in May was $4.09 per gallon, up 85% from $2.21 in May 2025.
- Fuel costs are a major expense for airlines, making them sensitive to price changes.
- The rise in fuel prices is linked to disruptions in the Middle East affecting global oil shipping routes.
- Some easing in fuel prices occurred after a ceasefire agreement between the U.S. and Iran, but tensions remain.
- Lower fuel prices recently may improve airlines’ financial results, with Delta and other carriers preparing to report earnings.
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