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Jet Fuel Prices Surge, Airlines Cut Flights Amid Shortages

3/24/2026

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Story summary
  • Jet fuel prices in the United States rose from $2.17 to $4.56 per gallon in recent weeks, raising shortages concerns.
  • United Airlines plans to cut 5% of flights and suspend select international routes.
  • Delta Air Lines reported an additional $400 million in costs for March.
  • European airlines, including Lufthansa and Air France-KLM, warn prolonged conflict could raise fares and strain fuel supplies.