Asia's strong jet fuel margins at risk from high cost to airlines [Reuters]
China Southern Airlines Company Limited (ZNH)
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Source: Reuters
Asia's strong jet fuel margins at risk from high cost to airlines | Reuters 3 Min Read SINGAPORE (Reuters) - Asian airlines may have to raise airfares to mitigate costs from high jet fuel prices, analysts said, a move that would likely cap booming growth in aviation demand and slash jet fuel margins that are seasonally at their strongest in five years. The profit margins refiners make from producing jet fuel are currently at their strongest for this time of year since 2013, thanks to an aviation sector that has surged with regional economic growth, cheap fares and increased route options. But aviation fuel prices, one of the main input costs for airlines, are also lingering close to their highest in about four years, weighing on airlines’ balance sheets. Asian jet cracks are currently around $16 a barrel over Dubai crude, while jet prices are close to their highest levels since December 2014. “If jet fuel prices get too high then airlines will have to start revising their air fares up
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