The rise reflects increased jet fuel costs and the loss of discount airline Spirit Airlines, but demand for first class and economy-plus has remained strong.
The U.S. Energy Information Administration raised its Brent crude forecast to average around $90 a barrel for the second half of the year, about 5% higher than its last estimate.
Trucking costs are rising even faster than the price of diesel fuel because of the Trump administration’s crackdown on drivers with limited English proficiency.
A $2.5 billion factory in Georgia now produces solar panels from raw wafer to finished product, a milestone for U.S. manufacturing in an industry China has dominated for over a decade.
