Jet Fuel Shortages Threaten Summer Travel Amid Rising Energy Prices
Jet fuel shortages in Asia and Europe are raising concerns about potential disruptions to the upcoming summer travel season. The shortages, exacerbated by the ongoing Iran war, have led to a significant increase in fuel costs for airlines. U.S. airlines reported a 56% increase in jet fuel expenses in March, totaling over $5 billion. Despite rising energy prices, consumer spending on travel and leisure remains resilient, as evidenced by strong quarterly reports from Disney and Uber. 
