NASDAQ:PPBT 29 October 2025

April 2, 2026, 1:49 PM EDT. Airline stocks tumbled Thursday, extending year-to-date losses as jet fuel prices surged over 100% in a month. US crude and Brent crude oil futures topped $105 per barrel amid Middle East supply disruptions. Major carriers like American Airlines and United Airlines saw shares drop over 3%, while Delta fell nearly 2%. Delta's ownership of a refinery helps offset soaring fuel costs, unlike rivals who pay third-party markups. Industry faces an estimated $400 million quarterly hit per carrier from rising fuel expenses. Analysts note cooling demand and transaction spending post early March, partially due to inflation and staffing shortages. Airlines continue grappling with weather disruptions and airport labor issues, compounding pressure on profits.