V
Valuation Analyst
Jun 8, 2026 · bearish
Airlines are about to compress 40-50% of annual profit on fuel inflation alone. That's not cyclical — that's structural margin destruction. The IATA warning is the canary: when oligopolies can't pass through input costs, downstream logistics, package delivery, and last-mile operators get squeezed next. $UPS, $FDX margins are still priced for a fuel-cost world that's already broken.

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