A reader asked for an update on jet fuel prices.
Trump Truth Social on Jet Fuel
All of those countries that can’t get jet fuel because of the Strait of Hormuz, like the United Kingdom, which refused to get involved in the decapitation of Iran, I have a suggestion for you: Number 1, buy from the U.S., we have plenty, and Number 2, build up some delayed courage, go to the Strait, and just TAKE IT. You’ll have to start learning how to fight for yourself, the U.S.A. won’t be there to help you anymore, just like you weren’t there for us. Iran has been, essentially, decimated. The hard part is done. Go get your own oil! President DJT
Jet Fuel Price Monitor
The above chart is from the Jet Fuel Monitor for the week ending March 31, 2026.
Italy Sets Jet Fuel Limits at Some Airports
Bloomberg reports Italy Sets Jet Fuel Limits at Some Airports on Supply Gap
- Several airports in Italy have issued advisories of limited fuel supplies for the next few days due to the conflict in the Middle East.
- Fuel restrictions for flights have been introduced at airports including Bologna, Milan Linate, Treviso and Venice, with priority given to medical, state and long-haul flights.
- The restrictions are among the earliest instances of fuel shortage in Europe impacting operations since the conflict broke out and led to the effective closure of Strait of Hormuz.
Expect Higher Ticket Prices
CNN reports Despite soaring jet fuel prices, air fares aren’t up that much. But they will be
Gas prices are grabbing the headlines, but jet fuel prices have doubled in the last two months. So far, air fares are only up modestly.
But that could change in the next couple of months.
“We are seeing prices for summer increasing as a result of higher fuel prices,” said Hayley Berg, lead economist at air travel booking site Hopper. “For domestic trips, the higher fuel costs have pushed trips for summer up by about 10%.”
Higher fares aren’t the only way flying is about to become more expensive. Travelers can expect fewer cheap flights and more fees as airlines try to offset a massive increase in the cost of doing business.
Still, airlines can’t simply raise fares to offset increased costs like fuel. Fares primarily are based upon demand for air travel and the supply of seats.
“The more they increase air fares, the less travelers are going to fly. Or they’ll drive,” said Zach Griff, author of an airline newsletter, From the Tray Table.
Jet fuel is a huge expense for airlines, representing about 20% to 30% of their overall costs, second only to labor, according to airlines’ financial reports.
United Airlines Warns of 20% Fare Hike to Cope With Oil Surge
Bloomberg reports United Airlines Warns of 20% Fare Hike to Cope With Oil Surge
United Airlines Holdings Inc. Chief Executive Officer Scott Kirby said ticket prices may have to go up by 20% if jet fuel prices remain elevated for longer.
The airline expects some consumer pushback and fewer people to travel if ticket prices continue to rise, Kirby said in a Bloomberg TV interview on Tuesday. The airline has already reduced 5% of its capacity on routes that are not profitable and don’t cover higher fuel prices, Kirby said.
Major US carriers like United are not hedged on fuel, leaving them without protection from volatile price jumps. The broader industry has already responded with fare increases and fuel surcharge to claw back some of the elevated costs.
That article was from March 24. So, airlines have by no hiked prices by ten to twenty percent.
Flight Cuts, Price Hikes, Cancellations
The Hill note Flight Cuts, Price Hikes, and Cancellations
Ticket prices for the most recent week of available data, beginning March 9, were up 24 percent from the same week in 2025, according to OAG, a global travel data provider.
“We are seeing jet fuel costs increase, and that is evident in purely the fact that you look at many of these air carriers, and they’re already adding fuel surcharges,” Sally French, NerdWallet’s lead travel writer and co-host of the “Smart Travel” podcast, told The Hill in an interview.
“NerdWallet studied summer travelers before the Iran war, and … about half of Americans were going to travel, which is quite a high number — travel this summer — and they were going to spend about $4,000 more than they did last year.”
“But now we’re kind of wondering even if that stat is valid because that was conducted before we saw so much change,” she added.
Greg Raiff, an aviation logistics expert and owner of private plane company Elevate Jet, noted prices have been rising, and he doesn’t expect that to reverse any time soon.
“I do think you’ll see those prices continue to climb and climb steadily,” Raiff said. “Even if the Strait of Hormuz opened tomorrow, my sources tell me that the cost of oil and jet fuel is not going to simply drop right away, and that’s because production has been taken offline in the Middle East, because they’ve run out of storage.”
Flights Cuts
- United Airlines last month became the first major U.S. carrier to scale back its schedule. CEO Scott Kirby said the airline would start “tactically pruning flying that’s temporarily unprofitable in the face of high oil prices” by cutting approximately 5 percent of planned routes during the second and third quarters of 2026.
- Air New Zealand said it would cut 1,100 flights through early May, while Scandinavian group SAS said it would cancel 1,000 flights in April.
- Vietnam Airlines said it could cut between 10 and 20 percent of its flights in the coming months if jet fuel prices reached $160-200 per barrel, a level already surpassed this week.
- On Monday, nearly 7 percent of all global flights were canceled — 7,049 of 104,618 scheduled routes — including 14.6 percent of departures from North America, according to The Telegraph, which cited aviation analytics firm Cirium.
The US Has Plenty. Go Get Your Own.
I am sure glad the US has plenty. That means none of the above happened.
Who do you believe anyway? Trump or the lying airlines?
Economically Illiterate Trump Tells the World to “Buy Jet Fuel from Us”
On March 31, 2026, I commented Economically Illiterate Trump Tells the World to “Buy Jet Fuel from Us”
Trump again proves he does not know how global markets function.
‘Hell Will Rein Down’
In his latest hissy fit, Trump Threatens to Escalate Iran War, Says ‘Hell Will Rein Down’
Did Trump mean rain or rein? Who knows, but Hell is coming.
Whatever Trump does, Iran will retaliate. There will be more Mideast supply lines cut and shortages of oil, jet fuel, fertilizer, and aluminum.
This is an incredibly “small price to pay” says Trump. But recall that Trump ran on lowering inflation and no wars.
For discussion, please see President Trump Was Right at Least Twice in His Life
I am pleased to support the president, either party, whenever I can.
Airlines should be hedging. Last time when oil hit 200 Southwest seemed to be the only one.
I’m sure that they do, but suppliers may declare force majeure and not sell the oil for the hedged price.
Actually, mostly they don’t. There’s a simple rule here. If you’re part of an internal finance team and your job is to hedge — if you were any good at it –you’d be working at a hedge fund. Most airline fuel hedging programs get/are dropped because they lose money on top of not actually hedging against fuel prices.
Regardless of what happens in Iran, this is Amerrica fighting for yesterday’s infrastructure.
Before was an unnatural situation = The West depended heavily on goods shipped through the Strait of Hormuz, while an anti-Western power Iran could theoretically close the strait. Now a few things have been resolved = Iran has closed the strait and the West contemplates Scylla or Charybdis.
Back in 2022 Pres. Joe Biden told us to respond to the loss of Russia fossil fuels by going green and renewable. Some critics could have pointed out at the time that the real way forward is demand destruction, that sort of change in our lifestyles. That statement is true with more force today. The solution this summer is the same, = demand destruction. People will have to choose staycations.
“If goods don’t cross borders, armies will.”
Contemplate: Our armies get defeated, and the goods still don’t cross the border.
Italy and jet fuel rationing – it is a particular problem of BP. Other jet fuel suppliers in Italy don’t have this problem yet. BP claims that the problem will be solved in a week.
But everybody expects that there will be a problem with jet fuel in Europe rather soon.
Analysts predict that UK airports should be the first to run out of jet fuel.
The yield curve was inverted for about ~24–26 months (roughly mid-2022 → late-2024)
That’s around 100–110 weeks of continuous recession warning
If Donald Trump doesn’t save , this indicator will be wrong for the first time.
TariffIran war and oil crisis.-
Charge people based on their BMI!
Instead of flying more people will now be teleporting to the Waffle House, which will have a devastating effect on airlines.
TSA will have to set up operations there.
Teleportation Security Administration
Trump is a hyena caught in a leg trap. He’s too narcissistic to admit defeat and throw in the towel. The only way out for him is to ask the hunter (Iran) to open the trap. Not that the hunter would be inclined to do it…
Instead he rages, pleads with the gods to help him and threatens to reign hell on the infidels, that they need to “open the fuckin’ straight” or he will unleash a torrent of war crimes, and demands that US allies deal with the mess themselves. The irony of the last would be hilarious, if it weren’t so terrible for pretty much everyone on the planet.
“Praise be to Allah” – at least he’s showing what a religiously tolerant person that he is, on Easter no less (sarcasm).
Rain, rein, or reign….
I think he got confused with that Slayer album “Reign in Blood”
Are we winning yet?
airlines are end point of huge , very costly, line of production!
very labor and money consuming and very important!!!
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not much countries can built from scratch whole airplane!
usa, russia, japan!
china despite its prowess STILL CANT BUILT OWN CIVILIAN AIRPLANES
for domestic flights! they will in 3*5 years
Embraer in Brazil and Bombardier in Canada still build airplanes from scratch. Bombardier stopped manufacturing regional jets within the past 5 years, but they still design and build business jets.
Russian plane bad. Tu144
CNN reports Despite soaring jet fuel prices, air fares aren’t up that much. But they will be
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what is it ? some kind of 2d grade bul1ls11hit
JET PRiCES is NOT only expense for airlines: insurance, labor, cost of airplanes, cost of money etc are !.
each time you read western media and think what public they post for? mor11ons?
alx
ps
Jet fuel is a huge expense for airlines, representing about 20% to 30% of their overall costs, second only to labor, according to airlines’ financial reports.
Hell will rain down? What is he going to do? Destroy the navy? Destroy the army? Bomb a girls school? nuke em?
What a child. Stomp your feet and throw a tantrum. Trump sounds desperate and pitiful.
Iran knows that Trumps nuts are in the wringer and they are just laughing as he struggles to find an exit that leaves him with a modicum of self respect.
Kill civilians and smash stuff, while the likes of JoJo pleasure themselves at the thought.
Don’t forget Tacos mentor is Putler. Once you turn to civilian, the supply of targets is endless
You had me until you blurted out “Iran knows that Trumps nuts are in the wringer”.
They guy who owns the JDAMS never has his/him/she/her/thingies nuts in a wringer. The Iranians are well and truly fooked and everybody on this planet knows that.