US carriers fall as oil rises on Strait of Hormuz worries
10/08/2026 16:41
BUZZ-US carriers fall as oil rises on Strait of Hormuz worries Updates
** Shares of U.S. carriers fall as oil prices jump almost 2% on Monday after Iran insisted U.S. satisfy several demands before reopening the Strait of Hormuz
** Brent crude futures LCOc1 climb 3% to $86.05/barrel, while U.S. West Texas Intermediate crude CLc1 advances 3.1% to $80.62/barrel
** Shares of JetBlue JBLU.O and Frontier ULCC.O down over 5%, Delta Air Lines DAL.N falls 1.5%
** American Airlines AAL.O, United Airlines UAL.O, Southwest Airlines LUV.N, Alaska Air ALK.N down 2%-4%
** Including session's moves, S&P Composite 1500 passenger airlines index .SPCOMAIR up ~17% YTD
(Reporting by Aatreyee Dasgupta in Bengaluru)
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