Global carriers reduced May capacity over the past two weeks, with available seats falling to 130 million as jet fuel costs sharply increased.
Global airlines have removed 2 million seats and 12,000 flights from their May schedules over the past two weeks, bringing total available seats down to 130 million. The reduction comes as jet fuel costs have doubled, indicating rising operating expenses are putting pressure on airline capacity planning. In transport markets, higher fuel prices can quickly affect route economics and lead carriers to trim less profitable services.