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The Economic Times
The Economic Times
Business

JetBlue flags higher fuel costs as Iran conflict drags on

JetBlue Iran Savanthi Syth United States

U.S. carrier JetBlue raised its second-quarter fuel costs forecast on Monday as shipping disruptions in the Strait of Hormuz entered a fourth month, driving up jet fuel prices and increasing pressure on the global aviation industry.

Shares of the airline fell 9% in morning trading.

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