A lot of fitness marketing and coach like to say it does and if you only look at it from the short time perspective, they're right.
But when you really dig into the research what you will find is Total energy balance at the end of the day dictated total fat gain or lost. And that means is this as long as your total calories intake or burn at the end of the day is equivalent, it does not matter if you do cardio faster or not faster because net energy gain or lost is exactly the same.
Keep remember, this doesn't mean fasted cardio is bad or wrong or worse. It isn't. All it means is you do not need to do fasted cardio especially. If you do not like it. Do whatever works best for you and your individual need, goals and preferences because that's what drives consistency and consistency drives success.
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