Skyrocketing Jet Fuel Prices May Cripple Airlines

Air travel is only starting to recover from the blow it received from the Covid-19 pandemic, but a surge in jet fuel prices is threatening that shaky recovery. U.S., European, and Singapore jet fuel prices have risen in near lockstep with rising crude oil prices, and it’s hurting everything it touches—including airline stocks and air travel demand. And the new U.S. ban on Russian crude oil is threatening to hoist crude oil prices even further. Airlines who haven’t fully recovered from the travel demand destruction that took place…