US airlines revised their profit forecasts downward in July after a 20% spike in jet fuel prices. This surge was attributed to re-escalation in the Middle East and extreme volatility in crude oil markets. The price increase occurred just as carriers were reporting Q2 earnings and attempting to guide for Q3. Continued volatility in crude oil prices could fuel global inflation, potentially impacting central bank policies and the USD/PKR rate in Pakistan.
بحوالہ / Source: oilprice.com