American airlines fuel costs reach 6.5 billion
The U.S. Department of Transportation announced that fuel costs for American airlines surged by 78% in April, approaching $6.5 billion due to rising fuel prices resulting from the Middle East conflict. The cost per gallon of fuel increased to $4.11, while airline consumption decreased by 2.6% compared to the previous month. This has significantly impacted global airline profits, with forecasts predicting a halving of earnings by 2026.
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