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The Guardian - UK
The Guardian - UK
Business
Gwyn Topham Transport correspondent

American Airlines says soaring price of jet fuel will cost it $4bn this year

American Airlines United States Fatih Birol
An American Airlines plan landing in Austin, Texas in the US
The price of jet fuel has more than doubled since the US-Israel war on Iran began at the end of February. Photograph: Austin American-Statesman/Hearst Newspapers/Getty Images

The soaring price of jet fuel will cost American Airlines another $4bn this year, the carrier has said, wiping out forecast profits.

The airline, the world’s largest by passengers flown, said the fuel crisis from the US-Israel war on Iran could push it into losses during 2026, having forecast profits approaching $1.8bn before bombing started.

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