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Stock impact report

Should you book holiday flights now considering jet fuel price spikes? [Yahoo! Finance Canada]

United Airlines Holdings, Inc. (UAL) 
Last united airlines holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.united.com
spiked jet fuel prices leading to increases in flight costs that are passed on to passengers. According to the International Air Transport Association's latest monitor, the global average jet fuel price stood at $195.19 per barrel last week, down 0.9% from the previous week, but still more than double the levels from late February. In the US, the Argus US Jet Fuel Index recorded over $4.60 per gallon on Monday, up sharply from around $2.50 before the conflict began. Even if the Iran war ceases or at least eases in the short term, the disruptive effects to jet fuel prices, and consequently airfare, are likely to linger. Fuel typically represents 25-35% of airline operating costs and the rise in prices has prompted swift action across the sector. United Airlines announced a 5% reduction of its planned flights, Scandinavian carrier SAS is cancelling at least 1000 flights next month, Air New Zealand is trimming capacity by 5% and has cancelled approximately 1100 services until e Show less Read more
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