Delta Airlines (DAL) exec says jet fuel has almost doubled since the start of the year, and crack spreads are significantly higher than crude, via conference call
Delta Airlines' comments on jet fuel costs provide insight into rising operational pressures within the airline sector, as fuel prices have nearly doubled since the start of the year.
Honeywell (HON) executive on Venezuela, says “we have over 400 assets in Venezuela… short term, it’s not going to grow… more of a 3–4 year type of cycle”; working with Chevron (CVX) to assess the situation
US PRE-MARKET MOVERS: NVDA, LITE/CIEN/COHR, JHG, DAL, JBLU, STYLD, NBIS, LNSR
Delta Airlines (DAL) exec says jet fuel has almost doubled since the start of the year, and crack spreads are significantly higher than crude, via conference call
NEC Director Hassett says coordinated oil reserve release could go up if needed; Iran conflict is going to be over in the short run, has a plan for every quarter of the disruption
Israeli Foreign Minister says have already won and Iran has been dramatically weakened; will continue the war with Iran until the mission is completed
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This increase in crack spreads indicates a significant impact on margins, which could influence ticket pricing and profitability, ultimately affecting broader market sentiment towards airline stocks and the energy markets.
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