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Fuel cost surge drives 21% fare rise, devalues miles

5/24/2026

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Story summary
  • Jet-fuel costs from the Iran war pushed April U.S. airfares 21% higher, cutting mile value.
  • Dynamic award pricing now requires more miles when cash fares rise.
  • United Airlines raised its first-bag fee to $50 and Delta Air Lines to $45, though elite members still check bags free.
  • Banks offer 100,000–150,000-mile sign-up bonuses worth over $1,000, which 21%–24% credit-card interest can erase on a $1,000 balance.