Biggest U.S. Airlines to Absorb $11B from Jet Fuel Shockwave — Can Their Stocks Take the Hit?

FomoAnxiety

2026-03-11 14:32:08

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Shares of leading U.S. airlines have been plummeting over the past week due to soaring jet fuel costs and higher airfares. However, the turbulence appears far from over, as the biggest airlines are set to spend an extra $11 billion on jet fuel this year due to energy price spikes amid the ongoing U.S.-Israel-Iran war.

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The figure is based on calculations by the Financial Times after the U.S. lifted its forecast for the average price of jet fuel in 2026 to $2.67 a gallon. The revision marked a 37% jump from estimates given in the previous month.

Shares in the top four carriers, American Airlines AAL -0.77% ▼ , Delta Air Lines DAL -2.24% ▼ , United Airlines UAL -2.28% ▼ , and Southwest Airlines LUV -2.22% ▼ , resumed their downward trend during Wednesday’s pre-market trading session. This comes even as oil prices remain elevated, despite plans by the International Energy Agency to recommend that G7 countries release record emergency oil reserves to offset the supply shock.

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