The US-Israel conflict has intensified the jet fuel crisis, causing prices to surge globally. American Airlines has reported that the soaring costs will result in a $4 billion loss this year, undermining previous profit forecasts. This financial strain is prompting airlines to increase fares and reduce flight schedules, with Air Transat and Air Canada among those trimming capacity. The situation is critical, as airlines face operational challenges amid rising fuel prices, potentially leading to long-term changes in the aviation sector.
BUSINESSPublished 23 Apr 2026 • Published 2 days ago • Updated 1 day ago
US-Israel Conflict Drives Global Jet Fuel Prices Surge
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The ongoing US-Israel conflict has led to skyrocketing jet fuel prices, with American Airlines projecting a $4 billion loss this year due to fuel costs. The International Energy Agency warns of significant LNG supply losses, exacerbating the crisis as airlines cut capacity and raise fares.
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