Jet fuel prices and airfares are rising. U.S. airlines say travelers are still booking flights

PBS NewsHour
by Rio Yamat, Associated Press
March 18, 2026
3 min read

Quick Insights

The Bottom Line

U.S. airlines are raising airfares as jet fuel prices climb, though passengers continue booking flights for now.

How This Affects You

Airfares will rise in response to elevated fuel costs, though sustained price hikes could eventually dampen travel demand.

AI Summary

U.S. airlines are raising airfares as jet fuel prices climb, though carriers report that passengers continue booking flights despite higher ticket costs. Industry analysts predict fares will rise further in response to elevated fuel expenses, though the timing, duration, and magnitude of increases remain uncertain. The situation reflects a critical dynamic for airlines: fuel is their largest operating cost, and they must balance price increases against the risk of losing customers. Airlines have some pricing power in the current market, as demonstrated by continued bookings, but sustained fuel price hikes could eventually dampen travel demand. The outcome will depend on whether fuel costs stabilize or continue rising, and how quickly consumers adjust their travel behavior.

Source Coverage Map

3 of 43 tracked sources covered this story

7% coverage
Did Not Cover (40)
ICIJ97AP World News96AP News96AP US News96AP Top News96+35 more

Following this story?

Get notified when new coverage appears

Other Sources Covering This Story

2 sources

Multiple outlets have reported on this story. Compare perspectives from different sources.

Should this be getting more attention?

You Might Have Missed

Related stories from different sources and perspectives

Jet fuel prices are rising. That could make summer flights more expensive
Corporate

Jet fuel prices are rising. That could make summer flights more expensive

(The Associated Press) — Jet fuel prices are rising as the war in the Middle East disrupts global oil supplies, putting cost pressure on airlines as the busy summer travel season approaches. Experts say it’s not a question of if airfares will go up, but when, for how long and by how much. The impact may be felt…

The HillMar 15
US wholesale prices rose by a surprisingly hot 3.4% last month, the most in a year - AP News
Finance

US wholesale prices rose by a surprisingly hot 3.4% last month, the most in a year - AP News

<a href="https://news.google.com/rss/articles/CBMipAFBVV95cUxNc1FPWUQtaVRhbTdUNjBYUlp2WldQQ1A3NG9QS3dGaldhYURkeHNCTmZVRmNYbnZKbjFSaGZiUklTOHFmbHNDM1JXQzJJMG45OE9RSmlvZFV6VUoxLVhnM09uWkhOal8ybWJILUlYa293d09laTFBT0ctSzZYSEpTVktYVTdZTThaaW15c3NXeHg2X3lRUEkwYUpBQmJneFFmeVZjbg?oc=5" target="_blank">US wholesale prices rose by a surprisingly hot 3.4% last month, the most in a year</a>&nbsp;&nbsp;<font color="#6f6f6f">AP News</font>

AP NewsMar 18
Exclusive: Gallego presses DOE on oil reserve as gas prices rise
Politics

Exclusive: Gallego presses DOE on oil reserve as gas prices rise

<p>Sen. Ruben Gallego (D-Ariz.) is pressing the Energy Department for details on plans to provide oil from the <a href="https://www.axios.com/2026/03/11/trump-strategic-oil-reserve-gas-prices-iran-war" target="_blank">Strategic Petroleum Reserve</a> as pump prices rise. </p><p><strong>Why it matters:</strong> Gallego's <a href="https://www.documentcloud.org/documents/27883925-spr-letter-doe-march-13-2026/" target="_blank">new letter</a> to Energy Secretary Chris Wright, viewed first by Axios, shows how the energy effects of the Iran war are spilling into Capitol Hill — and politics more broadly.</p><hr><ul><li>Gallego is a <a href="https://www.axios.com/2026/03/15/ruben-gallego-dnc-ken-martin" target="_blank">potential</a> 2028 Democratic presidential hopeful.</li></ul><p><strong>Driving the news:</strong> The letter asks how the SPR move will affect gasoline prices and supply in Arizona, as well as questions about the planning process.</p><p><strong>The big picture: </strong>The En...

AxiosMar 17
WATCH: US Navy jet refuels amid Operation Epic Fury
National Security

WATCH: US Navy jet refuels amid Operation Epic Fury

The U.S. Air Force released video of a Navy F/A-18F Super Hornet refueling from a U.S. Air Force KC-135 Stratotanker during a mission in support of Operation Epic Fury.

ABC NewsMar 12
Gas prices are soaring – but one Los Angeles gas station is taking it to the extreme
Finance

Gas prices are soaring – but one Los Angeles gas station is taking it to the extreme

<p>A Chevron station just outside downtown charges more than $8 a gallon – nearly $3 more than the city’s average</p><p>It’s tempting to think that a gas station charging more than $8 a gallon is a glamorous <a href="https://www.theguardian.com/us-news/los-angeles">Los Angeles</a> curiosity. Sort of like shopping at Erewhon, the healthy grocery chain that wows with a premium experience – and commands up to $22 a smoothie.</p><p>But there’s no glamour at the 901 N Alameda Street station. It’s just a dingy Chevron on the edge of LA’s Chinatown, regularly featured in news stories to illustrate the high cost of fuel in California. Midday on Tuesday, the station charged $8.31 for a gallon of regular gas.</p> <a href="https://www.theguardian.com/us-news/2026/mar/14/gas-prices-los-angeles-chevron">Continue reading...</a>

The Guardian US NewsMar 14
Trump having big White House event around EPA's biofuels mandates decision
Politics

Trump having big White House event around EPA's biofuels mandates decision

President Trump has invited farmers and biofuels producers to the White House for a big event next week as the industry awaits the government's announcement on mandates for the fuel additives.

CBS NewsMar 17
Read Next
US Postal Service could run out of money as soon as October - Reuters
Finance

US Postal Service could run out of money as soon as October - Reuters

<a href="https://news.google.com/rss/articles/CBMimwFBVV95cUxOX0xZZVhKVmJyeExTLUlJZzNuRmRoYUVoTGNPOS1vbXNydTlhcjNMWFF0amNsdEc0WWtYc1M0VVoxbVdDOHpXR3B6S0tSc3J4QzJVWWdkUkRuWW5keV9jampOODVlQ3l3cXdQWDd1NGtmb0dya3RybTRqdnRBT0p4VTlOMHVUbElDSkVvOFB3TUNBaHI2d0dGbFhGOA?oc=5" target="_blank">US Postal Service could run out of money as soon as October</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Continue reading

Did this story change how you see things?

Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.

Share this story

Get the daily digest

Save for later

The Verity Ledger curates verified investigative journalism from trusted sources only.

See our sources