Airline stocks came under pressure Wednesday following a downgraded global profit outlook from the International Air Transport Association (IATA).
IATA warned that airlines face mounting pressure in 2026 as the closure of the Strait of Hormuz triggers a severe fuel supply shock, weakens economic growth, and raises operating costs across the aviation industry.
In a new industry outlook, IATA said the disruption that began on February 28 removed about 10 million barrels per day of crude oil supply from global markets.
Including refined products and liquefied natural gas, the disruption affected roughly 15 million barrels per day of energy supply and briefly pushed crude prices toward $150 per barrel.
Jet Fuel Costs Surge
