Airlines’ fuel spending up 84 percent in past year
Summary
U.S. airlines spent $6.6 billion on jet fuel in May, which is 84 percent more than the amount spent a year earlier. This marks the second month in a row that airlines have spent more than $6 billion on fuel costs.Key Facts
- Airlines in the U.S. spent $6.6 billion on jet fuel in May.
- This amount is 84% higher than the fuel spending in May of the previous year.
- Fuel costs exceeded $6 billion for two months in a row (April and May).
- The information comes from the Bureau of Transportation Statistics.
- Rising fuel costs significantly increase expenses for airlines.
- The high cost of jet fuel can impact ticket prices and airline profits.
- Jet fuel is the main type of fuel used by airplanes.
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