{"id":1849,"date":"2026-07-24T13:13:17","date_gmt":"2026-07-24T13:13:17","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=1849"},"modified":"2026-07-24T13:13:17","modified_gmt":"2026-07-24T13:13:17","slug":"surging-jet-fuel-costs-mean-higher-airfares-are-coming-experts-warn","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=1849","title":{"rendered":"Surging Jet Fuel Costs Mean Higher Airfares Are Coming, Experts Warn"},"content":{"rendered":"
\n

Crucial Quote <\/h2>\n

\u201cJust three weeks ago, we were expecting to guide to full-year pre-tax earnings approaching $1.5 billion, approximately four times our 2025 pre-tax income,\u201d American Airlines CFO Devon May told investors on the second-quarter earnings call, noting the carrier gets \u201caround 65% [of jet fuel] supplied from the Gulf.\u201d <\/p>\n

Read more Why Sunday May Now Be The Shortest Day Of The Year As Earth Slows Down<\/a><\/p>\n

Should Travelers Expect Higher Airfares Later This Summer?<\/h2>\n

\u201cWe\u2019ve had eight straight months of incremental airfare hikes\u2014small, 2% or 3% at a time, but that compounds and now we\u2019re sitting at fares that are 27% higher than this time last year,\u201d Katy Nastro, spokesperson for the airfare deal-finding app Going, told Forbes. \u201cI would bet money that airfares continue to climb.\u201d She speculated that while fares typically drop during shoulder season, after the summer peak, \u201cthis year we\u2019re maybe not going to see that.\u201d Gradek agreed that \u201cairfares are definitely not coming down\u201d but he isn\u2019t convinced airlines will be able to raise fares any further once summer turns to autumn. \u201cDemand\u2019s going to fall off, as it always does,\u201d he said. \u201cYou can\u2019t keep raising your prices in a falling-demand world.\u201d<\/p>\n

High Jet Fuel Prices Pummel Airline Profits in 2026<\/h2>\n

The price of jet fuel, which typically accounts for up to 30% of a carrier\u2019s overall costs, has increased dramatically during the five-month blockade of the Strait of Hormuz, wiping billions<\/u> of dollars from U.S. airlines\u2019 bottom lines. On its July earnings call, Delta Air Lines CEO Ed Bastian told investors the carrier had absorbed \u201cthe highest quarterly fuel expense in our history\u201d and would likely spend $2 billion more on jet fuel this year than last. United Airlines noted on its second-quarter earnings call its fuel bill was up $2.3 billion\u2014or 84% year over year\u2014in the quarter, and it expects to spend $6 billion in additional fuel costs for the full year. Alaska Airlines reported fuel expenses of $1.3 billion in the second quarter\u2014up 85% from a year ago\u2014and said it lost almost $500 million in the first half of the year. Southwest Airlines\u2019 $900 million fuel bill in the second quarter dampened its summer forecast though the carrier increased airfares and baggage fees to offset fuel costs. \u201cUnlike traditional times when fundamentals dictate price movements, this situation is completely geopolitical,\u201d Patrick De Haan, head of petroleum analysis at Gas Buddy, told Forbes, stressing that besides the Strait of Hormuz blockade<\/u>, Ukraine has been regularly attacking Russian refineries<\/u>. \u201cNow we\u2019ve got two uncertainties, and that will make it all the more difficult to have a predictable, rational market because it\u2019s just too filled with the unknown right now.\u201d The odds of the worst-case scenario \u201ckeep climbing every day,\u201d Gradek told Forbes. \u201cIf the rhetorical stuff doesn’t stop and we get progressive escalation, aviation fuel prices will go through the roof. It won’t happen overnight. But it’ll show up within the next few weeks.\u201d<\/p>\n

Read more SK Hynix Billionaire Ordered To Pay $645 Million Divorce Settlement\u2014Korea\u2019s Largest Ever<\/a><\/p>\n

<\/div>\n

Tangent<\/h2>\n

Oil refineries, meanwhile, are doing a roaring business<\/u>. \u201cRefinery profitability has reached record-setting levels,\u201d De Haan told Forbes. \u201cIn part because there are fewer refineries able to take oil and turn it into valuable commodities like jet fuel.\u201d<\/p>\n

Further Reading<\/h2>\n

Oil Nears $100 Per Barrel Again As Iran-Backed Houthis Target Red Sea Shipping<\/u> (Forbes)<\/p>\n

Read more \u2018Unjustified\u2019: EU, Brazil And Others Criticize Latest Trump Tariffs<\/a><\/p>\n

Why Airfares Won\u2019t Likely Drop This Summer<\/u> (Forbes)<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The re-escalation of the Iran war has sent jet fuel prices climbing again, with some aviation experts warning of likely airfare hikes in coming months.<\/p>\n","protected":false},"author":1,"featured_media":1848,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-travel"],"yoast_head":"\nSurging Jet Fuel Costs Mean Higher Airfares Are Coming, Experts Warn - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=1849\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Surging Jet Fuel Costs Mean Higher Airfares Are Coming, Experts Warn - 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