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Higher Crack Spreads Are The Real Nightmare For Airlines

By Seeking Alpha April 09, 2026 Bearish
Higher Crack Spreads Are The Real Nightmare For Airlines
Airline stocks, including DAL, UAL, AAL, JBLU, and LUV, rebounded post-ceasefire but face significant profitability headwinds. Elevated oil prices and widening crack spreads are the primary threats, driving EBITDA down as much as 62% and margins to 4.9%.
Airline stocks, including DAL, UAL, AAL, JBLU, and LUV, rebounded post-ceasefire but face significant profitability headwinds. Elevated oil prices and widening crack spreads are the primary threats, driving EBITDA down as much as 62% and margins to 4.9%.