Mar 21 β€’ 22:45 UTC πŸ‡§πŸ‡· Brazil Folha (PT)

United Airlines cuts unprofitable flights and projects spike in oil due to war

United Airlines is cutting unprofitable flights while anticipating prolonged high aviation fuel prices resulting from the ongoing war in Iran.

United Airlines has announced that it will cut more unprofitable flights over the next two quarters. This decision comes as the airline anticipates a protracted period of elevated aviation fuel prices due to the escalating conflict in Iran. Despite strong travel demand that has allowed airlines in the US to raise fares, the company is preparing for potential oil prices to soar to as high as $175 per barrel and remain above $100 until the end of 2027.

CEO Scott Kirby, in an internal memorandum, warned that if oil prices reach these levels, United's annual fuel bill could increase by approximately $11 billion, which is more than double the profits the airline made in its

πŸ“‘ Similar Coverage