Jet fuel costs in May top $6 billion | Arkansas Democrat Gazette

Airlines spent $6.66 billion on jet fuel in May, marking the second straight month above $6 billion, according to U.S. government data released Tuesday. The May total was 84% higher than a year earlier, driven mainly by higher jet fuel prices rather than a large increase in fuel consumption. Carriers in the U.S. used 1.627 billion gallons in May, down 0.6% from May 2025, and usage was also slightly lower in April year over year. The average price paid for fuel in May was $4.09 per gallon, down from $4.11 in April but up 85% versus $2.21 in May 2025. Industry responses to the jump included raising fares and fees and trimming schedules, while fuel remained one of the largest operating costs. The report also cites easing fuel prices after a U.S.-Iran interim ceasefire, though it notes fragility after projectiles struck three tankers in the Strait of Hormuz and the U.S. revoked a license tied to Iranian oil sales. Average jet fuel in major hubs was $2.88 on Tuesday, falling below $3 on June 15 for the first time since early March.