As Iran war drags on, airlines pull back on fuel hedges and warn on fares
6h agonow
What the source said
“As Iran war drags on, airlines pull back on fuel hedges and warn on fares”
Jet fuel accounts for 30% to 40% of airlines' costs, with European and Asian carriers historically hedging more of their fuel needs than U.S. rivals.
Read at The Japan TimesReported by one source so far. It is confirmed when a second, independent source reports the same thing.