Jet Fuel Remains Elevated At ~$4.18/Gallon, Highlights Cost Pressure Across Commercial Aviation

Company Update

XCF Global's New Rise Reno Facility Is Designed for 38M Gallons of Annual Nameplate SAF Capacity

HOUSTON, TX / ACCESS Newswire / May 7, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), an emerging renewable fuels player focused on lowering emissions and strengthening the resilience of the aviation fuel supply chain through sustainable aviation fuel ("SAF"), today highlighted how elevated jet fuel prices continue to pressure the commercial aviation sector and reinforce the strategic importance of expanding domestic aviation fuel alternatives.

The Argus US Jet Fuel Index, published by Airlines for America, was $4.18 per gallon on May 5, 2026. Argus has also reported that the index averaged approximately $2.97 per gallon year to date through early April, up about 33% from the same period last year. Fuel remains one of the airline industry's largest and most volatile operating inputs, and sustained increases in conventional jet fuel can affect pricing, route economics, network planning, and margins across the sector.

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As airlines and fuel purchasers navigate a market shaped by elevated fuel costs and supply uncertainty, XCF believes the current environment reinforces the value of building domestic, waste-based SAF production capacity. Over time, a broader aviation fuel supply base may help support greater resilience, supply visibility, and diversification for the sector.

For XCF, the opportunity is not only about fuel cost, but also about fuel resilience. The company believes domestic SAF capacity can become increasingly relevant as airlines and other market participants seek lower-emission fuel options supported by U.S. production, domestic feedstock sourcing, and stronger supply-chain visibility.

Leadership Commentary

"For airlines, fuel remains one of the largest variable costs," said Chris Cooper, Chief Executive Officer of XCF Global. "When conventional jet fuel prices remain elevated, the effects can move quickly through airline planning, economics, and procurement. We believe domestic SAF capacity can become increasingly important as the industry looks to broaden its fuel supply base while advancing lower-emission alternatives."

XCF's New Rise Renewables Reno facility is currently completing planned upgrades and is expected to return to operations in June 2026. XCF believes restoring domestic SAF production capacity into this market environment is strategically important as the aviation industry continues to evaluate long-term fuel supply diversification.

As commercial airlines continue to evaluate pathways for incorporating SAF into their fuel strategies, documentation and traceability remain important operational considerations. XCF's sustainability certification and chain-of-custody systems are designed to support customer reporting requirements, including documentation associated with CORSIA-eligible SAF where applicable, which the company believes can enhance commercial readiness as production resumes.

About XCF Global, Inc.

XCF Global, Inc. ("XCF") is an emerging sustainable aviation fuel company dedicated to accelerating the aviation industry's transition to net-zero emissions. Our flagship facility, New Rise Renewables Reno, has a permitted nameplate production capacity of 38 million gallons per year, positioning XCF as an early mover among large-scale SAF producers in North America. XCF is working to advance a pipeline of potential expansion opportunities in Nevada, North Carolina, and Florida, and to build partnerships across the energy and transportation sectors to scale SAF globally. XCF is listed on the Nasdaq Capital Market and trades under the ticker, SAFX.

To learn more, visit www.xcf.global