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Jet Fuel Tightens, Prices Surge; Airlines Cut Routes

4/28/2026

32 6 Full Breakdown

Summary

Story summary

Chevron CEO Mike Wirth warned jet fuel supplies are tightening as the Iran war disrupts the Strait of Hormuz, noting U.S. jet fuel rose from $2.50 to $4.19 on April 24.
International Air Transport Association (IATA) reported global jet fuel fell 6.7% to $184.63 per barrel.
United Airlines will cut 5% of routes in Q2-Q3 2026, while Delta Air Lines trimmed growth by 3.5 points and U.S. airfares rose $7.57 from February to March.

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Story summary

Chevron CEO Mike Wirth warned jet fuel supplies are tightening as the Iran war disrupts the Strait of Hormuz, noting U.S. jet fuel rose from $2.50 to $4.19 on April 24.
International Air Transport Association (IATA) reported global jet fuel fell 6.7% to $184.63 per barrel.
United Airlines will cut 5% of routes in Q2-Q3 2026, while Delta Air Lines trimmed growth by 3.5 points and U.S. airfares rose $7.57 from February to March.