Hassett: Energy Shocks From Iran War Will Affect Airline Profits for at Least a Quarter

Iran War To Weigh On Airline Profits 'For A Quarter,' Warns Kevin Hassett As Spirit Collapses: 'But, They

Kevin Hassett, the Director of the White House National Economic Council, addressed the fallout from Spirit Airlines' (OTC:FLYYQ) collapse, weighing on how the Iran conflict and surging fuel costs could pressure airline profits. Hassett stated that the energy shocks from the Iran war could affect airline profits for a quarter. However, he noted that other airlines remain operational and healthy due to their strategic hedging of jet fuel purchase…

Hassett: Energy shocks from Iran war will affect airline profits for at least a quarter

White House National Economic Council Director Kevin Hassett on Sunday said that energy shocks from the Iran war will affect airline profits for at least a quarter.  “Certainly, it’ll affect profits for the airlines for a quarter or so, but they’re very, very healthy right now,” Hassett said following Spirit Airlines’ decision to cease operations.…

White House’s Kevin Hassett Defends Skyrocketing Gas Prices on Face the Nation Amid Economic Warnings

White House National Economic Council Director Kevin Hassett defended rising gas prices during an appearance on CBS’s “Face the Nation with Margaret Brennan” on May 3, 2026. Hassett said the energy shocks causing the price surge had only short-term effects on airline profits and did not significantly impact the broader economy, despite concerns highlighted by the recent Spirit Airlines shutdown. Hassett acknowledged that the recent surge in fuel…

How will Iran war energy shocks affect airlines?

Airlines face at least a quarter of profit hit What happened White House National Economic Council Director Kevin Hassett said energy shocks tied to the Iran war are expected to weigh on airline profits for at least a quarter. Why it matters Airlines are highly exposed to fuel and energy price…