Jet fuel prices soared to $3.93/gallon after a Middle East conflict disrupted oil supplies, raising costs for U.S. airlines despite strong booking demand.

Jet fuel prices have surged to $3.93 per gallon, up from $2.50 before a Middle East conflict began February 28, 2026, disrupting oil supplies near the Strait of Hormuz and increasing costs for U.S. airlines. Despite added expenses—Delta estimates $400 million—major carriers report record booking volumes across all travel segments, driven by strong demand and travelers booking early to avoid future fare hikes. Airlines are absorbing costs through higher base fares and add-on fees rather than fuel surcharges, with limited protection from fuel hedging. Prolonged high fuel prices could lead to fare increases, schedule changes, or route adjustments, particularly on long-haul international flights.