UAL is trading at $90.76, down 4.89% as surging oil prices driven by intensifying Middle East conflict pressure profit margins.
- Rising jet fuel costs, a primary operating expense for carriers, are weighing on the sector as crude prices rally amid the U.S.-Israeli conflict with Iran.
- The decline is compounded by a broader market selloff, with major peers including Alaska Air (-7%), Delta (-5.1%), and American (-4.6%) all seeing significant losses.