Looming “Oil Cliff” Pinches Airline Profits, Traveler Wallets

Looming “Oil Cliff” Pinches Airline Profits, Traveler Wallets

While there’s never a bad time to visit Maui, your wallet would have preferred a February booking. The world will be short some 350 million barrels of jet fuel and other refined crude products by the end of April as the war in Iran keeps the Strait of Hormuz closed, Ryan McKay, TD Securities senior commodity strategist, said in a note published Thursday. It’s enough to make travelers rethink their summer plans and poses a serious threat to the a…