Airlines face price hikes, lower margins as Iran war pressures business

Airlines are scrambling to protect their business as the Iran war pushes jet fuel costs to multiyear highs. The market is splitting into two camps as carriers test the limits of pricing power, according to Morgan Stanley analyst Ravi Shanker. While heavyweights like Delta (DAL) and United Airlines (UAL) have the ability to raise prices without losing customers, others are being left behind. Shanker noted that Delta has already raised its revenue target for the first quarter, expecting its earnings to h ...