IATA Says Jet Fuel Price Swings Hit Airline Industry
IATA reports that many airlines face pressure from jet fuel price swings and limited hedging. Middle East supply issues have pushed margins to record highs.
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The International Air Transport Association (IATA) reported on Wednesday that jet fuel price volatility and limited hedging capabilities are straining global airline profitability. Northwest Europe crack spreads reached an all-time high of $121 per barrel in March, compared to $30 per barrel before the conflict began in late February. These surging refinery profit margins and regional supply disruptions threaten carrier margins as the conflict persists.
