What’s News in Earnings: Airlines Feel the Pain of an Oil Shock
WSJ What’s News
The Wall Street Journal
4.1 • 4.2K Ratings
🗓️ 30 April 2026
⏱️ 6 minutes
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| 0:00.0 | Your team spend more time searching for information than using it. Amazon Quick changes that. |
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| 0:18.4 | Hey listeners, it's Thursday, April 30th. I'm Jacob Passy for the Wall Street Journal. |
| 0:23.7 | And this is What's News and Earnings, our look at some of the biggest themes standing out this |
| 0:28.2 | earnings season. It's been a turbulent quarter for airlines. The war with Iran has caused jet fuel |
| 0:34.2 | prices to soar, and that's putting a damper on airlines' profits. |
| 0:38.2 | While demand for travel is holding up, airlines are driving fares and fees higher and higher, |
| 0:43.7 | and that's raising concerns that Americans may change their travel plans for this summer. |
| 0:48.4 | JetBlue CEO, Joanna Garrity, told Wall Street analysts this week that it was the most difficult period in years. |
| 0:55.0 | Given the sharp increase in the price of fuel and the expectation for elevated prices throughout this year, |
| 1:01.0 | we are suspending our prior full-year guidance as we aggressively adjust to the evolving macro backdrop. |
| 1:08.0 | And some airlines are having an even more difficult time than JetBlue, and they're |
| 1:12.4 | asking the Trump administration for help. |
| 1:19.1 | We're joined now by Wall Street Journal airline reporter Alison Sider, who's been monitoring the |
| 1:23.6 | state of play. Allison, higher oil prices are weighing on airlines. How big a deal is that |
| 1:29.6 | for the bottom line and what are airlines trying to do to offset those costs? It's turning out to be |
| 1:35.5 | a pretty big deal. Jet fuel prices have basically doubled since the start of the war in Iran. |
| 1:42.2 | And it's adding a lot of expense. Delta expects its fuel expense |
| 1:45.7 | for this quarter to be $2 billion more than a year ago. American is saying it's going to pay an |
| 1:51.1 | extra $4 billion in fuel this year. So it's really going to squeeze their profit margins for the |
| 1:55.9 | rest of the year. In terms of what they're doing about it, you already probably have started seeing it |
... |
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