Demand for air commute is strong, but greater fuel charges are slicing into airline earnings

airways expenses jumped to $43.four billion within the 2nd quarter of the 12 months, up from $38.5 billion within the same length remaining yr, based on the bureau. The report shows that the airline industry spent $21.8 billion in gasoline within the first seven months of the year, up 34.5%. all over that period, a gallon of jet gasoline offered for a standard cost of about $2.11, compared to $1.sixty two per gallon in the equal length last year.