No. Fasted cardio does not produce more fat loss over time than fed cardio when total calories are equal. Choose whichever lets you train hardest and most consistently. Some people feel better training fasted, others perform noticeably worse.
Training without food available does shift the fuel mix towards fat during the session itself. That observation is accurate, but it does not determine body composition. What matters over days and weeks is total energy balance, and the body adjusts fuel use across the rest of the day to compensate for whatever happened during a single session.
Convenience is the honest one. Training first thing without preparing food is simple, and some people find their digestion is happier for it. For easy aerobic work, low-intensity sessions, or short walks, going without food beforehand is usually a non-issue.
Hard intervals, long sessions, and heavy lifting generally suffer when you are under-fuelled. If your output drops, you do less work over the week, which is a real cost. Anyone who feels light-headed, shaky, or unusually weak when training fasted should eat something first.
Match it to the session. Easy cardio fasted is fine if you prefer it. Anything hard is generally better with some carbohydrate beforehand, even a small amount. Then judge by whether the sessions feel good and the weekly trend moves, rather than by which version theoretically burns more fat in the moment.
People with diabetes or any condition affecting blood sugar should not train fasted without advice from their doctor. The energy system background is covered in Exercise Physiology and Energy Systems.