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Airline stocks drop as JetBlue cuts outlook amid rising jet fuel costs from Iran war

Market News
01 Jun 2026
Forbes
View Source
Bearish
pluang ai news

Airline stocks fell sharply due to rising jet fuel prices linked to the Iran war, with JetBlue's shares dropping as much as 9% before a partial recovery. JetBlue raised its second quarter fuel cost forecast to $4.26-$4.36 per gallon, up from earlier estimates, as jet fuel prices surged to about $142 per barrel in May. Despite higher fuel costs, JetBlue reported strong travel demand and expects to offset over 40% of increased fuel expenses through higher fares. Other major airlines also saw share declines amid these cost pressures.

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