JETS is trading 3.1% down today as surging crude and jet fuel costs threaten airline profit margins following an escalation in US–Iran geopolitical tensions.
- Hostilities near the Strait of Hormuz and attacks on carrier logistics in Oman have driven oil prices sharply higher, directly impacting operating costs.
- The sector-wide selloff reflects a broader risk-off tone across U.S. equities as investors weigh the impact of heightened geopolitical uncertainty.