JETS is trading at $25.96, down 3.01%, as near-record jet fuel prices threaten airline margins. - U.S. jet fuel topped $4.75 per gallon this week, close to twice year-ago levels. - Investors are digesting American Airlines’ October 22 earnings and reduced full-year outlook; its Q3 fuel expense rose 67.5% year over year. - Middle East tensions added oil-supply concerns and broader risk aversion. The move is primarily sector-driven, with fuel costs weighing on profitability across carriers.