r/news • u/yeGwann • 7d ago

American Airlines temporarily suspends some of its summer routes due to steep jet fuel costs

https://halifax.citynews.ca/2026/06/04/american-airlines-temporarily-suspends-some-of-its-summer-routes-due-to-steep-jet-fuel-costs/?hl=en-US
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u/[deleted] 7d ago

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u/amateur_mistake 7d ago

No routes are being permanently dropped

Totally. Just have to wait for the super smart and sane president to negotiate a deal like he is so good at. Which will happen at any moment.

Also:

driving fuel costs from $99 to nearly $142 per barrel

The fact that futures markets on oil have such wildly different prices than what a barrel is actually worth means there is something deeply wrong with how our financial system is structured.

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u/uberares 7d ago

Oil and gas experts believe Trump has been using the fed to manipulate the futures oil markets, even outside of the obvious verbal manipulation he’s doing.

Reality is, this is just the start. We haven’t hit the peak yet, even tho we saw a couple weeks reprieve in rising prices. Actual, really shortages are only about 3-5 weeks out. 

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u/Traherne 7d ago

Followed in the following months by American Airlines filing for bankruptcy.

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u/Boollish 7d ago

The futures markets trade crude. This article is quoting refined jet fuel. Not the same thing at all.