Close Menu
Fin Street NewsFin Street News
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
  • More Articles

Subscribe to Updates

Get the latest finance and business news and updates directly to your inbox.

Trending
I was burned out postpartum. A trip taught me how to embrace community and changed how I parent.

I was burned out postpartum. A trip taught me how to embrace community and changed how I parent.

May 17, 2026
Inside Amazon: 12 employees describe life under layoffs, AI pressure, and 5-day RTO

Inside Amazon: 12 employees describe life under layoffs, AI pressure, and 5-day RTO

May 17, 2026
There’s no joy in Silicon Valley these days, Menlo Ventures partner says: ‘The rich aren’t particularly happy either’

There’s no joy in Silicon Valley these days, Menlo Ventures partner says: ‘The rich aren’t particularly happy either’

May 17, 2026
High-earning real estate investors are using ‘REPS’ to slash tax bills. Here’s who qualifies.

High-earning real estate investors are using ‘REPS’ to slash tax bills. Here’s who qualifies.

May 17, 2026
Mayhem breaks out at Swatch stores as fans rush to nab its Audemars Piguet pocket watch collab

Mayhem breaks out at Swatch stores as fans rush to nab its Audemars Piguet pocket watch collab

May 17, 2026
Facebook X (Twitter) Instagram
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
May 17, 2026 3:14 pm EDT
|
Facebook X (Twitter) Instagram
  Market Data
Fin Street NewsFin Street News
Newsletter Login
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
  • More Articles
Fin Street NewsFin Street News
Home ยป These airlines have cut the most flights this summer as jet fuel prices skyrocket
These airlines have cut the most flights this summer as jet fuel prices skyrocket
Markets

These airlines have cut the most flights this summer as jet fuel prices skyrocket

News RoomBy News RoomMay 6, 20264 ViewsNo Comments

Airlines canceled more than 75,000 flights this summer over a 10-day period, according to the aviation analytics firm Cirium.

On Tuesday, Cirium released an analysis of flight schedules between June 1 and September 30, comparing what those schedules looked like on April 24 versus May 4.

During those 10 days, airlines around the world removed more than 9.3 million seats, per Cirium.

US carriers accounted for the four largest reductions.

About 70% of the removed seats, or 33,000 flights, came from Spirit Airlines. The budget airline shut down last Saturday after negotiations for a federal bailout fell apart.

United Airlines reduced its summer schedule by over 21,000 flights over the 10-day period, marking the second-highest cancellation count.

Delta Air Lines removed around 7,300 flights, and American Airlines cut some 6,400 flights.

Airlines have faced significant cost increases since the war in Iran doubled jet fuel prices. In April, jet fuel exceeded $200 a barrel, but has dropped back to about $180 a barrel, according to the International Air Transport Association.

Jet fuel is typically an airline’s second-highest expenditure after labor costs.

When Spirit announced it was winding down operations, it cited “the recent material increase in oil prices and other pressures on the business.”

The budget airline filed for Chapter 11 restructuring in August 2025 and in November 2024.

United Airlines, which reported a $340 million increase in fuel costs during the first quarter, is also cutting its schedule.

CEO Scott Kirby spoke about capacity cuts at a JP Morgan conference in March. “I’d much rather make the mistake of leaving a couple of months’ worth of demand on the table because we cut more, and then you can get it back, as opposed to making the mistake of oil prices staying higher and longer, and you’re flying flights that lose cash,” he said.

Many airlines are raising ticket prices and baggage fees to offset higher fuel costs.

US carriers are more exposed to the price shock because, unlike most European airlines, they do not use financial derivatives to hedge against fuel costs.

Even so, Europe is also facing cancellations. Lufthansa, the continent’s largest airline group by revenue, canceled over 5,000 flights that were scheduled between June and September, per Cirium’s data.

The German flag carrier last month announced it was canceling 20,000 short-haul flights through October, reducing its capacity by 1%.

Not every airline has been slashing its schedule.

Cirium’s data showed Frontier Airlines added more than 14,600 flights to its summer schedule.

After Spirit shut down, Frontier announced it would add nine new routes plus daily flights in 18 markets formerly served by its low-cost rival.



Read the full article here

Share. Facebook Twitter LinkedIn Telegram WhatsApp Email

Keep Reading

I was burned out postpartum. A trip taught me how to embrace community and changed how I parent.

I was burned out postpartum. A trip taught me how to embrace community and changed how I parent.

There’s no joy in Silicon Valley these days, Menlo Ventures partner says: ‘The rich aren’t particularly happy either’

There’s no joy in Silicon Valley these days, Menlo Ventures partner says: ‘The rich aren’t particularly happy either’

Mayhem breaks out at Swatch stores as fans rush to nab its Audemars Piguet pocket watch collab

Mayhem breaks out at Swatch stores as fans rush to nab its Audemars Piguet pocket watch collab

I’m a New Yorker who visited Phoenix for the first time, and 8 things surprised me

I’m a New Yorker who visited Phoenix for the first time, and 8 things surprised me

Most parents manage their kids’ social lives. I expect my 8-year-old to do it himself.

Most parents manage their kids’ social lives. I expect my 8-year-old to do it himself.

The best college in every US state

The best college in every US state

John Cena said he’s training to lift weights into his 80s and beyond. Here are 3 longevity lessons from the WWE star.

John Cena said he’s training to lift weights into his 80s and beyond. Here are 3 longevity lessons from the WWE star.

We moved from a small town to live with my parents in the city. I’m making sure to build our community here.

We moved from a small town to live with my parents in the city. I’m making sure to build our community here.

Billionaire Jim Thompson’s daughter now runs his company. He reflects on being a founder and a father.

Billionaire Jim Thompson’s daughter now runs his company. He reflects on being a founder and a father.

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Inside Amazon: 12 employees describe life under layoffs, AI pressure, and 5-day RTO

Inside Amazon: 12 employees describe life under layoffs, AI pressure, and 5-day RTO

May 17, 2026
There’s no joy in Silicon Valley these days, Menlo Ventures partner says: ‘The rich aren’t particularly happy either’

There’s no joy in Silicon Valley these days, Menlo Ventures partner says: ‘The rich aren’t particularly happy either’

May 17, 2026
High-earning real estate investors are using ‘REPS’ to slash tax bills. Here’s who qualifies.

High-earning real estate investors are using ‘REPS’ to slash tax bills. Here’s who qualifies.

May 17, 2026
Mayhem breaks out at Swatch stores as fans rush to nab its Audemars Piguet pocket watch collab

Mayhem breaks out at Swatch stores as fans rush to nab its Audemars Piguet pocket watch collab

May 17, 2026
A nurse sued for ,000 in student loans is navigating a court battle on her own: ‘I’m just trying my best to juggle it’

A nurse sued for $55,000 in student loans is navigating a court battle on her own: ‘I’m just trying my best to juggle it’

May 17, 2026

Latest News

I’m a New Yorker who visited Phoenix for the first time, and 8 things surprised me

I’m a New Yorker who visited Phoenix for the first time, and 8 things surprised me

May 17, 2026
I did everything ‘right’ in college, but couldn’t get a job in my field after graduation. Now, I’m going back to school.

I did everything ‘right’ in college, but couldn’t get a job in my field after graduation. Now, I’m going back to school.

May 17, 2026
Most parents manage their kids’ social lives. I expect my 8-year-old to do it himself.

Most parents manage their kids’ social lives. I expect my 8-year-old to do it himself.

May 17, 2026

Subscribe to News

Get the latest finance and business news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2026 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.