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Stock impact report

Low-cost airline CEO gives stark warning about jet fuel [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
This week, oil prices across the U.S. reached an average of $4 per gallon, a high unseen since 2022. Prices for ready-to-use jet fuel averaged $195 a barrel. As a result, JetBlue Airways became the first U.S. airline to implement a price hike on checked baggage in connection to the rising cost of fuel. Delta Air Lines CEO Ed Bastian had also previously said an increase in oil prices of just one cent per gallon would lead to more than $40 million in annual losses for the airline. In addition, United Airlines head Scott Kirby had earlier in the month warned that the impact on passengers as airlines work to pass on their losses through higher prices "will probably start quick." "No assurances into June and July," Ryanair CEO says of oil crisis The latest airline executive to warn of the rising cost of jet fuel is Ryanair CEO Michael O'Leary. The Dublin-based budget carrier is the largest airline in Europe by total passengers carried and runs on a business model of offering roc Show less Read more
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