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Hey listeners, it's Thursday, April 30th.
I'm Jacob Passi for The Wall Street Journal.
And this is What's News in Earnings, our look at some of the biggest themes standing out this earnings season.
It's been a turbulent quarter for airlines.
The war with Iran has caused jet fuel prices to soar, and that's putting a damper on airlines' profits.
While demand for travel is holding up, airlines are driving fares and fees higher and higher.
And that's raising concerns that Americans may change their travel plans for this summer.
JetBlue CEO Joanna Garrity told Wall Street analysts this week that it was the most difficult period in years.
Sharp increase in the price of fuel and the expectation for elevated prices throughout this year.
We are suspending our prior full year guidance as we aggressively adjust evolving macro backdrops.
And some airlines are having an even more difficult time than JetBlue.
And they're asking the Trump administration for help.