Jetblue raises second-quarter fuel cost forecast

Jetblue Airways

Jetblue Airways

JBLU

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- U.S. carrier Jetblue JBLU.O on Monday lifted its second-quarter fuel costs forecast as the global aviation industry grapples with rising jet fuel prices amid disruptions from the closure of the Strait of Hormuz.

The airline now expects fuel to cost between $4.26 and $4.36 per gallon, compared to an earlier forecast of $4.13 to $4.28.