US Summer Flights Skyrocket as War Triggers Severe Jet Fuel Shortage
Key Points: Jet fuel prices jumped by over 100% following the conflict in Iran, hiking US airfares by 14.9% in March alone. The blockage of the Strait of Hormuz trapped 13 million barrels of crude oil, sparking a massive global supply crisis. Delta and American Airlines face billions in new expenses, leading major carriers to cut flights and raise ticket prices. Europe currently has just...