US airlines fuel bills rose by $3 billion in May
07/07/2026 16:25
US airlines fuel bills rose by $3 billion in May WASHINGTON, July 7 (Reuters) - Fuel costs for U.S. airlines jumped 85% in May to nearly $6.7 billion as the Middle East conflict drove up prices, the U.S. Transportation Department said Monday.
Airlines spent $3.62 billion on fuel in May 2025 compared with $6.66 billion in the same month this year. The cost per gallon of fuel in May was $4.09, up $1.88 over May 2025, USDOT added. Jet fuel costs in recent weeks have fallen sharply as tensions eased between Iran and the United States.
(Reporting by David Shepardson
Editing by Nick Zieminski)((David.Shepardson@thomsonreuters.com; 2028988324;))
Recent news on Southwest Airlines
See all newsSouthwest Airlines Co reports results for the quarter ended September 30 - Earnings Summary
Southwest Airlines rises after quarterly earnings beat
Southwest Airlines cuts profit forecast as fuel costs overshadow turnaround gains (updated)
Southwest Airlines beats Q3 profit expectations on record passenger revenue
Southwest Airlines cuts 2026 profit forecast as fuel costs spike