Airline stocks drop after a jet-fuel crack spread widens into the holiday
Labor Day is supposed to be a demand story. This week it was an input-cost story.
Senior Markets Correspondent
Stock market data on a digital display
NEW YORK — Labor Day is supposed to be a demand story. This week it was an input-cost story.
Carriers with less aggressive hedges underperformed after the crack moved in a way that hits the September quarter before the fare data can catch up.
Elena Vasquez
Senior Markets Correspondent
Covers Treasuries, the dollar, and the policy signals that reprice risk assets.
