“Wall Street is finding an unexpected beneficiary of America’s weight loss boom: airlines.

With the first GLP-1 weight loss drug now available in pill form, analysts at Jefferies say broad adoption across society could quietly lower fuel bills — airlines’ single largest cost — and lift earnings for the carriers.

‘A slimmer society = lower fuel consumption. Airlines have a history of being vigilant around aircraft weight savings, from olives (pitless, of course) to paper stock,’ the Wall Street firm said in a note to clients.

Jefferies contended that a 10% reduction in average passenger weight could translate into roughly 2% total aircraft weight savings, up to 1.5% lower fuel costs and as much as a 4% boost to earnings per share.”

From CNBC.