United Airlines says it will raise summer fares as much as 20% as fuel prices surge amid Iran war
New York Post • • business
Key Points:
- United Airlines plans to increase fares by 15% to 20% this summer to offset the doubling of jet fuel costs caused by the Iran war.
- CEO Scott Kirby stated that strong traveler demand allows the airline to pass on higher fuel expenses to customers.
- Despite rising fuel costs, United reported higher profits last quarter, exceeding Wall Street expectations.
- The airline has recaptured 40% to 50% of increased fuel costs through ticket sales and is reducing flight capacity to manage expenses.
- Kirby expects oil prices to decline eventually, though current demand for air travel remains very strong.
