UAL is trading at $86.81 (-4.3%) as escalating conflict in the Strait of Hormuz pushes Brent crude above $100, significantly increasing jet fuel costs.
- United's CEO warned of meaningful Q2 margin impacts resulting from a 58% surge in fuel expenses.
- The stock is moving in line with a broader market selloff, with the S&P 500 and Dow Jones falling 0.9% and 1.0%, respectively.
- No company-specific news was reported today; macro oil volatility remains the primary driver for the sector.