Southwest (LUV), United (UAL), and Alaska Air (ALK) all raised jet fuel cost guidance, warning of higher prices to come. Yahoo Finance Live's Brad Smith and Julie Hyman break down the report and the outlook for airlines.
) all raised jet fuel cost guidance, warning of higher prices to come. Yahoo Finance Live's Brad Smith and Julie Hyman break down the report and the outlook for airlines.Watching airline stocks today after Southwest United and Alaska all raised fuel cost guidance. Now, this is interesting here. They're Warning of higher prices to come despite renewed demand for travel.
For United Airlines, at least, jet fuel prices climbing over 20%. As a result, companies all in fuel price now expected to be between $2.95 as you're seeing there on the screen to the top side of that range of $3.05 a gallon.
If you're a United versus Southwest and for even Alaska, all of them coming out with this sweeping move to announce today. It just goes to show that investors need to continue to keep a close eye on where those fuel costs, which are negotiated usually months in advance, where that's moving for them. So them getting-- all of these airlines getting out in front of that for their investors.
The outlook had been 3% to 7%. So now 5% to 7%, so basically, that outlook getting a little bit worse. But again, it was hitting the shares more earlier and now they're a little changed. Perhaps investors taking a closer look, deeper dive into the filing as the morning goes on.Yeah, even with Southwest, they have given us a little bit of the inclination into how, of course, the hurricane season is beginning to impact them as well. That was named within this filing.
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