Jet fuel costs trigger aviation market correction (theaircurrent.com)

Spot jet fuel reached $4.90 a gallon on Oct. 22, exceeding the peak following the February U.S.-Israel bombing of Iran. American, Delta, Southwest, and United lowered fourth-quarter profit forecasts while paring unprofitable routes for 2027 budgets. JetBlue shares fell more than 57% since the war began, with Asian low-cost carriers struggling to meet lease payments.