Thanks to the Iran war, U.S. airlines spent 56.4% more on jet fuel in the month after the war started, resulting in $5.06 billion spent on fuel in March, up from $3.23 billion in February.
This comes according to data released from the U.S. Department of Transportation on Wednesday and a CNBC report.
After the U.S. and Israel attacked Iran, the country closed the Strait of Hormuz, where much of the world’s oil passes through.
After labor, fuel is an airline’s biggest expense.
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Jet fuel costs are one reason Spirit Airlines recently ceased operations and shut down.
