jet fuel

Multiple U.S. carriers slashed their full-year guidance this week as fuel costs continue to climb.

The carrier is projecting fourth-quarter fuel cost per gallon of about $4.55.

At the same time, consumption is down 4.4%.

The environmentally-friendly fuel powered a connection between Corpus Christi and DFW.

The carrier cautioned that operating profits could fall this year.

The carrier sent millions of gallons to Los Angeles over supply concerns.

The carrier’s fuel expense increased by over $2.2 billion in the second quarter.

Carriers were stung by higher fuel prices stemming from the war in Iran.

Carriers will spend $100 billion more on jet fuel this year, the trade group predicted.

But U.S. carriers are still absorbing the majority of the increase in the price of jet fuel, according to Chris Sununu.