🔴 Surf Air Mobility is trading 5% down today as rising oil prices pressure airline stocks

Surf Air Mobility is trading 5.46% lower at $1.12, with airline stocks under pressure as rising oil prices raise concerns about fuel costs.

• The September 28 FAA SMART program agreement was a positive company announcement, but it does not explain today’s decline.
• No new company-specific catalyst for the decline was identified; broader market indexes are mixed.