Energy
U.S. carriers spent $6.5B on fuel in April; global profit forecast is cut nearly in half
U.S. airlines spent more than $6 billion on jet fuel in April, up 78% from a year earlier despite using slightly less fuel, government data released Monday showed. Meanwhile, the airline industry’s top global trade group warned that soaring energy costs could nearly halve profits in 2026.
U.S. adds 172,000 jobs in May as 2026 hiring streak continues, government says
The U.S. added 172,000 jobs in May, the government said in a report that far exceeded expectations and continued a robust run of hiring after a sluggish 2025.
Advertisement
Advertisement