As if the airline sector needed another trouble on top of the reduced travel demand due to the pandemic, oil prices at their highest in a year are set to raise jet fuel costs for the industry that has been suffering a lot from the lockdowns, flight bans, border closures, and quarantines with COVID-19. Oil prices hit a one-year high this week amid signs of a tightening oil market and risk appetite from investors and speculators. Higher crude oil prices, however, mean higher fuel prices for airlines, which have been one of the worst-hit industries in the pandemic. “This is just one of a litany of concerns when it comes to the airline industry. We would avoid these companies and that group,” Chad Morganlander, portfolio manager Washington with Crossing Advisors, told CNBC ’s “Trading Nation” this week. According to the analyst, airlines are indebted, and higher oil prices are […]