WASHINGTON, April 21 -- Sen. Maria Cantwell issued the following press release:
U.S. Secretary of Energy Chris Wright about President Donald Trump's cuts to sustainable aviation fuel (SAF) development and tax credits to grow the industry as skyrocketing energy costs linked to the conflict in Iran are forcing airlines to tighten their belts and pass price hikes along to consumers.
According to the International Air Transport Association's Jet Fuel Price Index, global jet fuel prices rose from roughly $100 per barrel late last year and early 2026 to above $200 this month, before edging slightly downward.
This morning, Alaska Airlines announced cuts (http://seattletimes.com/business/alaska-airlines/alaska-air-takes-193m-loss-as-rising-fuel-...