US airlines fall as oil spike lifts jet fuel costs

Shares of U.S. airlines decline as surging oil prices threaten a spike in jet fuel bills

The jump in oil prices follows U.S.-Israel strikes on Iran, as shipping through the strategic Strait of Hormuz ground to a halt

Oil prices have surged roughly 30% so far this year amid conflicts, threatening to lift jet fuel costs and squeezing airline profits

Jet fuel prices have jumped 15% in the past week, adding to the strain on airlines already hit by mass flight cancellations and stranded passengers

United Airlines UAL.O down 4.8%, Delta Air Lines DAL.N falls 3.6%, American Airlines AAL.O slides 5.5% and Southwest Airlines LUV.N plummets 5.4%

Including session moves, Dow Jones U.S. airlines index .DJUSAR down 7.2% YTD