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U.S. Airlines' Jet Fuel Costs Increased by 84% Year-over-Year

U.S. airlines' spending on jet fuel reached $6.6 billion in May 2026, representing an 84 percent increase from the previous year. This marks the second month in a row that fuel costs have exceeded $6 billion.

U.S. airlines reported a significant increase in jet fuel spending, with costs exceeding $6 billion for the second consecutive month. According to data from the Bureau of Transportation Statistics, airlines spent $6.6 billion on jet fuel in May 2026, marking an 84 percent increase compared to May 2025.

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Airlines’ fuel spending up 84 percent in past year

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U.S. Airlines' Jet Fuel Costs Increased by 84% Year-over-Year