Amid Israel’s strikes, Delta, American, United, and other airlines take a beating on oil’s surge and airspace closures
Israel’s air strikes on Iran sent oil prices spiking, with Brent crude futures climbing to more than $78 at one point — the biggest intraday jump since the early days of Russia’s invasion of Ukraine in 2022.
US airlines including Delta Air Lines, American Airlines, and United Airlines all slid steeply in early trading on Friday as investors feared higher oil costs and supply disruptions weighing on carriers’ bottom lines.
Airspace closures are also hurting airline stocks: Israel, Iran, Iraq, and Jordan all paused flights over their territory. Those closures will cause certain routes to lengthen, bumping fuel costs higher and make scheduling harder.
