1218 GMT - A doubling of jet fuel costs would swing the global airline industry from a forecast $72.8 billion gain to a loss of $148 billion this year, Bank of America analysts say. That would be the sector's largest annual loss on record, eclipsing the $111 billion loss that followed the Covid-19 pandemic in 2020, the analysts write. If jet fuel prices remain at that level and all else is equal, airlines would have to raise fares by 20% to break even. European airlines rally as Brent crude oil falls back into double-digits. Ryanair climbs 2.9%, while British Airways-owner IAG is 2.3% higher and easyJet climbs 2.5%. A broader gauge of the sector is 2.2% higher. (josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

March 25, 2026 08:18 ET (12:18 GMT)

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