Has the energy shock finally gone far enough—and lasted long enough—to start breaking things across the markets and the economy?
The airlines may be the first major warning.
JetBlue’s stock just plunged to its lowest level since the company went public in 2002. Then there’s Wizz Air. Faced with what it calls an “unprecedented” increase in fuel prices, the airline is cutting winter capacity and offering buyouts to pilots at its main UK base—because we don’t have layoffs in this incredibly resilient economy.
But this story is much bigger than two vulnerable airlines.
Video Length: 00:22:55
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