US Airlines Spend $5.06 Billion on Jet Fuel Amid Iran Conflict

US airlines spent $5.06 billion on jet fuel in March, marking a 56% increase from February due to the ongoing conflict involving the US, Israel, and Iran, which has disrupted global oil supply, according to BeInCrypto. The Kobeissi Letter noted that fuel costs surged $1.83 billion month-over-month, with per-gallon prices reaching $3.13, up nearly 31% from February. The closure of the Strait of Hormuz, a key oil transit corridor, has exacerbated the situation, leading major carriers to raise fares and fees, trim routes, and cut costs. Delta plans to end food service on short flights, while United and American Airlines have revised their 2026 financial outlooks.