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Stock impact report

Airlines Jack Up Fees to Cover Rising Fuel Costs Amid War [Yahoo! Finance]

JetBlue Airways Corporation (JBLU) 
Last jetblue airways corporation earnings: 1/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.jetblue.com/investor-relations
Company Research Source: Yahoo! Finance
As global economic systems brace for the major oil shock expected to roil markets when the last pre-war oil shipments arrive at global ports, major airlines are already feeling the pain of fuel scarcity — and passing it along to consumers. On Thursday, American Airlines became the latest global carrier to hike checked back fees and other travel add-ons in an attempt to offset the rising cost of jet fuel, joining Delta, United, JetBlue, and Southwest Airlines, who announced changes to price baggage fee earlier this month. The price of jet fuel has almost doubled since the war began. This week, prices hit a high of $4.88 per gallon, compared to around $2.50 in late February. Overall, domestic flight prices in the United States have increased by between 10-20 percent, depending on the distance and date, with international travel prices facing even more severe hikes as global travelers plan summer excursions. In response to increased operation costs, airlines have also begun cutti Show less Read more
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