🔴 Airline ETF (JETS) is trading 3.2% down today as higher fuel costs pressure airlines

JETS is trading at $25.95, with a -3.17% change, as inflation and fuel costs weigh on airline shares.

• September CPI showed 3.7% annual inflation, above the 3.6% forecast; gasoline rose 9.1% month over month, intensifying concern about persistent operating-cost pressure.
• Elevated jet-fuel costs pressure airline shares; September airfares rose 22.4% year over year. Investors are also digesting Delta’s recent profit-outlook cut tied to higher fuel expense.