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Fuel Prices Crush Airlines Again | Raleigh News
U.S. airlines are reeling from a fuel price surge that cost them $6.66 billion in May — a 84% jump from last year — despite burning less fuel. Prices hit $4.09 per gallon, driven by global energy volatility and disruptions in key shipping lanes like the Strait of Hormuz. Airlines are responding with higher fares, fees, and flight cuts. While prices have dipped slightly from spring highs thanks to a fragile ceasefire, tensions remain high with recent tanker attacks and U.S. sanctions on Iranian oil. As Q2 earnings roll in, the industry watches closely to see how fuel costs continue to shape…
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