Jet Fuel Bills Surge as US Carriers Spend $5 Billion in March

US airlines spent $5.06 billion on jet fuel in March. This marked a 56% jump from February, after the war between the US, Israel, and Iran disrupted global oil supply. The Kobeissi Letter highlighted that fuel costs surged $1.83 billion month-over-month and $1.16 billion year-over-year. Per-gallon prices hit $3.13, up nearly 31% from February. US
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