Airlines Spend 78% More on Jet Fuel Despite Lower Consumption as Soaring Energy Costs Shake Global Aviation Industry
The global aviation industry is under mounting financial pressure as soaring jet fuel prices outpace efficiency gains, squeezing airline profits and raising the likelihood of higher airfares. With geopolitical tensions fueling energy market volatility, carriers are rethinking operations, expansion plans, and pricing strategies while the broader travel and tourism sector braces for the ripple effects.