Airline industry faces a shakeup as jet fuel hits hard

The competitive landscape for U.S. airlines is confronting seismic turbulence as energy price spikes wreak havoc on the industry. Why it matters: Rising fuel and labor costs are squeezing airlines — and pushing higher fares and fees onto travelers already facing economic uncertainty.The big picture: Airlines are entering a shakeout — with consolidation talk rising, the financial divide widening between the haves and have nots, and profit decisions impacting fees and service.State of play: United...