- Brent crude prices surged to 119 dollars per barrel following military strikes on Iranian energy infrastructure and the closure of the Strait of Hormuz
- Delta Air Lines and United Airlines are facing quarterly fuel cost increases exceeding 400 million dollars as prices nearly double since February
- The International Energy Agency issued an emergency 10 point plan to reduce oil consumption including mandates for remote work and carpooling
- Global travel disruption has intensified with over 1000 flight cancellations by carriers like SAS and Air New Zealand due to fuel rationing risks
- US carriers are attempting to offset costs by raising fares while ultra low cost airlines have slashed capacity by 10 percent to survive the crisis
Major airline stocks tumble as Middle East conflict drives jet fuel prices to record highs
Mar 20, 2026, 6:23:31 PM UTC(1 hour ago)
Impact: Medium
Affected Assets
Sources
From:@YahooFinance
Major airline stocks decline amid shutdown-induced travel delays and rising jet fuel costs from the war in the Middle East.
$UAL: -4.28%
$DAL: -2.48%
$AAL: -2.73% https://t.co/WyllX4ZdyO
