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JetBlue Stock Tanks As Iran War Weighs On Fuel Prices
Key takeaways
- Breaking News Airline Stocks Tumble—Jet Blue Drops 9%—Over Iran War Impact On Jet Fuel By Zachary Folk,
- Topline Airline stocks tumbled Monday as the industry continues to feel pressure from increasing jet fuel prices due to the Iran war, with Jet Blue falling as much as 9% earlier after revising its second quarter outlook.
- Jet fuel prices rose to about $142 per barrel in May, Reuters reported, up from $85-$90 per barrel before the U.S. and Israel began air strikes on Iran on Feb. 28.
Breaking News Airline Stocks Tumble—Jet Blue Drops 9%—Over Iran War Impact On Jet Fuel By Zachary Folk,
Topline Airline stocks tumbled Monday as the industry continues to feel pressure from increasing jet fuel prices due to the Iran war, with Jet Blue falling as much as 9% earlier after revising its second quarter outlook.
Jet Blue’s stock price fell on Monday, before slightly recovering.Getty Images Key Facts In a Securities and Exchange Commission filing on Monday, Jet Blue raised its second quarter fuel cost guidance to $4.26-$4.36 per gallon—up from an expected $4.13-$4.28 listed in its previous guidance from April.
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