US Airlines to Save Billions as Jet Fuel Prices Crash

US airlines are projected to save $40 billion due to a sharp decline in jet fuel prices, attributed to a US-Iran peace deal that sent oil prices lower.

23 Jun, 13:30 — 23 Jun, 13:30

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zerohedgeLow72d ago

US Airlines Set To Pocket $40 Billion As Jet Fuel Prices Crash

US Airlines Set To Pocket $40 Billion As Jet Fuel Prices Crash By Alex Kimani of OilPrice.com US airlines stand to save billions in dollars on jet fuel costs after the US-Iran peace deal sent oil prices sharply lower. Brent crude was trading around $78 per barrel, the lowest price since the start of the war, after Washington and Tehran agreed to a ceasefire and committed to 60 days of negotiations, while jet fuel spot prices fell to $2.85 a gallon, down sharply from $4.88. The ...

By Tyler Durden

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US Airlines to Save Billions as Jet Fuel Prices Crash

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US Airlines Set To Pocket $40 Billion As Jet Fuel Prices Crash

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