United CEO Says High Fuel Prices Will Force Airlines to Cut Flights
United Airlines CEO Scott Kirby told analysts and investors that high jet fuel prices will pressure the airline industry through next year and require flight cuts.
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04:48:33 PM UTC
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United Airlines Chief Executive Scott Kirby doesn't expect fuel costs to go down this year. Kirby says his strategy for the year assumes that oil costs remain elevated through 2027. Because of this, he expects capacity will get cut later on because some airlines are making plans with the assumption…
By Alison SiderPains from high jet fuel prices are going to rattle the airline industry through next year, United Airlines CEO Scott Kirby told analysts and investors.And while some struggling carriers are banking on new investments in premium seating and amenities to boost revenue, Kirby said thos…