Airlines Struggle with Soaring Fuel Costs | San Antonio News

San Antonio News Today | 2 Min News | The Daily News Now! · Jul 8, 2026 · 1m

U.S. airlines are reeling from soaring jet fuel costs, spending over $6 billion in May — a 84% spike from last year — despite using slightly less fuel. The real culprit? Sky-high fuel prices, not increased travel. Airlines are responding with higher fares and flight cuts, caught in the crosshairs of a volatile global energy market. While prices have dipped from earlier highs thanks to diplomatic efforts, tensions remain, especially with recent shipping lane disruptions. Upcoming earnings reports will reveal just how deep the fuel crunch is biting into profits — and what airlines plan to do…