JetBlue raises fuel forecast as Iran conflict drags on
The airline increased its second-quarter fuel price outlook to a range of 4.26 to 4.36 dollars per gallon due to shipping disruptions in the Strait of Hormuz. JetBlue expects to offset these costs through higher fares and increased revenue per seat mile as it fills routes vacated by Spirit Airlines.
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JetBlue Airways raised its second-quarter fuel cost forecast to $4.26–$4.36 per gallon on June 1. Share prices fell 9% in morning trading as shipping disruptions in the Strait of Hormuz entered a fourth month, pressuring margins. Higher energy costs disproportionately pressure smaller carriers with limited financial flexibility and heightened exposure to geopolitical uncertainty.
