Fuel raises US airline costs by 78
The fuel costs paid by American airlines increased by 78% in April, with expenditures exceeding $6.5 billion, despite a slight decrease in fuel consumption. This rise is attributed to higher energy prices resulting from the ongoing conflict in the Middle East, which impacts profit margins in the sector, leading to higher ticket prices and fewer flights. It is also expected that the profits of global airlines will decrease to $23 billion by 2026.
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