Shares of U.S. airlines are maintaining their ascent as the price of jet fuel slides to pre-war levels.
As of Tuesday, jet fuel spot prices had fallen to $2.81 a gallon, according to Argus Media. They are moving closer to the $2.50-a-gallon level from Feb. 27, the day before the U.S. and Israel launched military strikes against Iran.
Shares of Delta Air Lines rose 3.8%, to $90.00, while United Airlines shares jumped 5.7%, to $128.44. American Airlines Group's stock gained 7.1%, to $17.29, and Southwest Airlines shares moved up 2.8%, to $50.77.
Jet-fuel prices hit a peak of $4.88 a gallon in early April. The run-up weighed on the shares of major airlines as investors worried about the expected effect on earnings. Jet fuel is the second biggest cost for airlines behind labor.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
June 24, 2026 12:58 ET (16:58 GMT)
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