Delta to cut routes and raise charges to counter $2bn jet fuel hit
US airline faces higher bill from soaring prices driven by Iran war
US airline faces higher bill from soaring prices driven by Iran war

Fuel prices have doubled since start of Iran war

American carriers’ decision not to hedge future purchases has left them exposed to sharp swings in oil prices

Carriers scale back expansion plans as oil prices soar

Traders expect prices to fall later this year, giving carriers hope they can lock in lower rates by being patient

Company curbs full-year expectations despite record first-quarter sales as Iran war pushes up costs

More flights resume across Middle East despite some refuelling disruptions in Oman