Airlines See Summer Fuel Pressure—Iran War Impacts Fares, Flights
JetBlue shares plunged 9% after raising its Q2 fuel-cost forecast to $4.26–$4.36 a gallon, highlighting investor fears as the Iran war drives jet fuel prices to record highs, squeezes airline margins, and threatens IATA’s record $41 billion 2026 profit outlook with potential flight cuts and fare hikes as demand risks emerge.