US airlines spent ~$6.5B on jet fuel in April as Strait of Hormuz closure lifts costs 26% vs March and 78% YoY
New US Department of Transportation Bureau of Transportation Statistics data show carriers spent nearly $6.5 billion on jet fuel in April 2026. Fuel costs rose 26.2% versus March and are up 78% over the past year, as Strait of Hormuz disruptions persist and energy prices remain elevated despite lower overall fuel burn.