A U.S. airstrike that killed Iran's top military leader drove up oil prices more than 3% on Friday and sent shares in airline stocks tumbling.
After labor, fuel is generally airlines' second largest expense, and carriers are particularly sensitive to volatility in the market. Southwest Airlines flight 1117 from St. Louis lands at Boston Logan International Airport on March 13, 2019. leader drove up oil prices more than 3% on Friday and sent shares in airline stocks tumbling.
After labor, fuel is generally airlines' second largest expense, and carriers are particularly sensitive to volatility in the market.
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