Pent-Up U.S. Travel Demand Poised to Trigger 30% Surge in Jet-Fuel Use
(Bloomberg) -- It’s the postponed weddings and family reunions. It’s meeting newborn grandchildren and attending memorial services for loved ones lost to the pandemic. It’s the rebooked trips to Maui and adventures in new cities.All that travel demand has been piling up for more than a year, and now it’s about to burst out into one hot summer for U.S. domestic flights -- and the jet fuel producers hammered by 2020’s lockdowns.Jet fuel use is expected to jump 30% this summer from where it was in the first quarter, the government projects. The extra demand come...
Source: yahoo.com