Energy

Airlines’ latest challenge: Rising jet-fuel prices

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A JetBlue Airways plane taxis next to American Airlines, Delta Air Lines and Alaska Airlines aircraft at Reagan National Airport (DCA) in Arlington, Virginia, on Monday, April 6, 2020.

Andrew Harrer | Bloomberg | Getty Images

The oil rally is taking jet-fuel along for the ride, posing another headache for airlines still struggling from depressed travel demand in the pandemic.

U.S. jet-fuel prices reached a nearly 13-month high of $1.67 a gallon on Wednesday, according to S&P Global Platts data, a climb led by an Arctic blast and winter storms that disrupted oil production, refining and transportation. Millions were left in the cold and the dark in Texas, which largely relies on natural gas…



Source cnbc.com

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