JetBlue Stock Tanks As Iran War Weighs On Fuel Prices

BreakingBusinessBreaking NewsJetBlue Stock Tanks As Iran War Weighs On Fuel PricesByZachary Folk,Forbes Staff. I cover breaking news.Follow AuthorJun 01, 2026, 03:01pm EDTToplineJetBlue’s stock price tumbled on Monday afternoon after the company revised its second quarter outlook to reflect a a higher than initially expected rise in jet fuel prices due to the Iran war.JetBlue’s stock price fell on Monday, before slightly recovering.Getty ImagesKey FactsIn a Securities and Exchange Commission filing on Monday, JetBlue raised its second quarter fuel cost guidance to $4.26-$4.36 per gallon—up from an expected $4.13-$4.28 listed in its previous guidance from April.Jet fuel prices rose to about $142 per barrel in May, Reuters reported, up from $85-$90 per barrel before the U.S. and Israel began air strikes on Iran on Feb. 28.JetBlue was down more than 4% to $5.24 a share as of around 2:50 p.m. EDT, recovering from a drop of more than 9% after markets opened.This is a breaking story and will be updated. if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.style.display = 'none'; iframe.onload = function() { var iframeDoc = iframe.contentWindow.document; var script = iframeDoc.createElement('script'); script.src = '//cd.elements.video/player.js?cid=62cec241-7d09-4462-afc2-f72f8d8ef40a'; script.setAttribute('defer', '1'); script.setAttribute('type', 'text/javascript'); iframeDoc.body.appendChild(script); }; document.head.appendChild(iframe); const preloadResourcesEndpoint = 'https://cds.elements.video/a/preload-resources-ovp.json'; fetch(preloadResourcesEndpoint, { priority: 'low' }) .then(response => { if (!response.ok) { throw new Error('Network response was not ok', preloadResourcesEndpoint); } return response.json(); }) .then(data => { const cssUrl = data.css; const cssUrlLink = document.createElement('link'); cssUrlLink.rel = 'stylesheet'; cssUrlLink.href = cssUrl; cssUrlLink.as = 'style'; cssUrlLink.media...