Multiple companies, particularly airlines, are warning that Higher Costs, including fuel and employee pay hikes, will impact their profits. Delta Air Lines and American Airlines have both revised their earnings forecasts downwards due to increased fuel expenses and new labor deals. Jet fuel prices have risen 38% in the past two months, according to Airlines for America. Other industries, such as the auto industry and Hollywood, are also experiencing labor disputes and demands for better compensation. While strong travel demand has helped offset higher expenses for some airlines, others are seeing a decline in sales as the travel season slows down.

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