JetBlue increases second quarter fuel price projections
JetBlue raised its second-quarter fuel cost forecast to between 4.26 and 4.36 dollars per gallon. The airline cited rising global prices and supply disruptions.
JETBLUE AIRWAYS CORP raised its second-quarter fuel cost forecast to a range of $4.26 to $4.36 per gallon on June 1. The airline previously projected costs between $4.13 and $4.28 per gallon. Rising energy expenses threaten to compress margins for the United States carrier during the peak summer travel season.
### Supply Chain Volatility Drives Costs Higher The global aviation industry faces mounting pressure from rising jet fuel prices. JetBlue attributed the revision to market disruptions following the closure of the Strait of Hormuz. This geopolitical shock has impacted energy benchmarks, forcing carriers to adjust their operational budgets.
