Alaska Air Group withdrew its full-year guidance on April 21, 2026 due to jet fuel prices ranging $4.45‑$5.15 per gallon.
The airline recovers roughly one‑third of the fuel cost increase via fare hikes, yet earnings for the June quarter face pressure.
Singapore refining margins jumped over 400% in Q1, turning a cheap fuel source into the most expensive, affecting ~20% supply.
CEO Benito Minicucci noted steady bookings, with U.S. core fares up more than 20% YoY and premium travel up 8% in Q1.