The global aviation industry is once again flying into a localized storm with global repercussions. The escalating conflict in the Middle East over the past couple of months, along with the effective closure of the Strait of Hormuz, has disrupted energy supply chains, pushing jet fuel prices to levels that threaten the post-pandemic recovery.
The global average jet fuel price skyrocketed from $95 per barrel at the end of February 2026 to $163 for the week ending May 8, as per data published by the International Air Transport Association (“IATA”). Since fuel accounts for up to a quarter of airline operating expenses, carriers have recently been slashing profits, hiking fares, and cutting capacity to survive.
For investors, this volatility puts a massive spotlight on airline…
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