US Summer Airfares Stay 15% Above 2025 as Jet Fuel Costs Fall
Updated
Updated · Bloomberg · Jun 25
US Summer Airfares Stay 15% Above 2025 as Jet Fuel Costs Fall
3 articles · Updated · Bloomberg · Jun 25
Summary
US summer airfares are still running 15% above 2025 levels even as the global jet fuel crisis eases and prices decline.
The gap reflects the earlier US-Iran war shock, which squeezed jet fuel supplies worldwide and pushed airlines to cut flights and lift fares.
That disruption was severe enough to end operations at US budget carrier Spirit Airlines, showing how deeply the fuel crunch hit the industry.
Europe had also been warned it was only weeks from a fuel shortage, underscoring that passengers have yet to see lower fuel costs translate into cheaper tickets.