ABC · updated 12h ago

Jet Fuel Prices Soar as Holidays Near

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“JET FUEL PRICES SOAR AS HOLIDAYS NEAR”

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Jet fuel is airlines' single biggest operating expense!

U.S. airlines spent over $50 billion on jet fuel in 2022 alone — roughly 25% of total operating costs. When prices spike near the holidays, carriers absorb billions in added costs with almost no ability to cut back.

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