BUZZ-US airlines dip as Middle East turmoil drives oil prices higher
Reuters03-03 23:27
BUZZ-US airlines dip as Middle East turmoil drives oil prices higher
** Shares of U.S. airlines trend lower for second day as global oil prices jump on Middle East conflict escalation
** United Airlines UAL.O, Delta Air Lines DAL.N, American Airlines AAL.O and Southwest Airlines LUV.Ndown between 3% and 5% in early trading hours
** Oil prices have surged roughly 30% so far this year amid conflict, threatening to lift jet fuel costs and squeeze airline profits
** Carriers monitoring fuel price spikes, passengers scrambling to find flights out of the mideast as major Gulf hubs remain closed
** Including session moves, Dow Jones U.S. airlines index .DJUSAR down 9.4% YTD
(Reporting by Aatreyee Dasgupta)
((Aatreyee.Dasgupta@thomsonreuters.com))
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments