ALK

US major indices closed mixed in a highly volatile session: the Dow rose 0.17% while the S&P fell 0.26% and the Nasdaq dropped 0.97%, with intraday ranges of over 1,000 points on the Dow and 1,279 points on the Nasdaq. Chip and AI-linked stocks led losses — dragged by Broadcom's prior forecast miss and a near-7% drop in the Philadelphia Semiconductor index — while airlines rallied 3–7% on lower oil prices tied to potential Iran-US de-escalation. A stronger-than-expected May jobs report (172K vs. consensus) revived rate-hike fears ahead of Tuesday's CPI print, pressuring high-valuation growth stocks.

U.S. airlines spent 56.4% more on jet fuel in March than in February, according to U.S. government data, coinciding with the onset of the Iran war. The sharp month-over-month increase in fuel costs represents a significant headwind to airline operating margins. No individual carrier figures were broken out in the reported data.

Alaska Air has launched a $500 million debt offering, citing rising fuel costs driven by the ongoing Iran war. The capital raise signals increased financial pressure on the carrier as elevated energy prices weigh on operating costs. No details on terms or use of proceeds beyond fuel cost coverage were provided in the headline.