Fuel crisis from Middle East conflict could push airline into loss as it looks to offset costs with higher fares
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The soaring price of jet fuel will cost American Airlines another $4bn this year, the carrier has said, wiping out forecast profits.
The airline, the world’s largest by passengers flown, said the fuel crisis from the US-Israel war on Iran could push it into losses during 2026, having forecast profits approaching $1.8bn before bombing started.
The price of jet fuel has more than doubled since the conflict began at the end of February. While many European airlines have hedged their fuel, locking in a purchase price for months or years ahead, American carriers have been exposed to the price rises.
