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Fuel Shock Hits Airlines

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Fuel Shock Hits Airlines

B
Benzinga

386 Views • Apr 16, 2026

Description

Jet fuel prices have roughly doubled since the start of the Iran war as Strait of Hormuz disruptions blocked crude and refined fuel shipments. Airlines are cutting routes, raising fares, and adding surcharges. Delta estimates a $2B quarterly impact. Asia faces the most pressure, with China banning jet fuel exports and South Korea reducing production. U.S. airlines stopped fuel hedging, leaving them fully exposed to the price spike.