US carriers fall as oil rises on Strait of Hormuz worries
10/08/2026 15:07
BUZZ-US carriers fall as oil rises on Strait of Hormuz worries ** Shares of U.S. carriers fall as oil prices jumped almost 2% on Monday after Iran insisted U.S. satisfy several demands before reopening Strait of Hormuz
** Brent crude futures LCOc1 were up $1.40, or 1.7%, at $84.95 a barrel by 1218 GMT. U.S. West Texas Intermediate crude futures CLc1 were up $1.33, or 1.7%, at $79.51.
** Shares of JetBlue JBLU.O down 5.5%, Delta Air Lines DAL.N falls 1.7%
** Shares of American Airlines AAL.O, United Airlines UAL.O, Southwest Airlines LUV.N, Alaska Air ALK.N and Frontier ULCC.O down 2%-4%
** Including session moves, S&P Composite 1500 passenger airlines index .SPCOMAIR up 17% YTD
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