Minuteman
Moⅾerator
“March 20 (Reuters) - United Airlines said on Friday it would cut its scheduled flights by 5% in the second and third quarters, planning for prolonged higher oil prices after the Iran war sent jet fuel costs soaring, even as strong travel demand helps U.S. carriers raise fares and cushion the hit.
Chief Executive Scott Kirby said in a staff memo the airline is preparing for oil to rise as high as $175 a barrel and stay above $100 until the end of 2027. United's annual fuel bill would rise by about $11 billion, more than twice the profit in its best year, if prices stay at those levels, Kirby said.”
www.reuters.com
Well, there's a Friday night surprise.
Chief Executive Scott Kirby said in a staff memo the airline is preparing for oil to rise as high as $175 a barrel and stay above $100 until the end of 2027. United's annual fuel bill would rise by about $11 billion, more than twice the profit in its best year, if prices stay at those levels, Kirby said.”
United to cut 5% of flights, planning for $175 oil from Iran war
United Airlines said on Friday it would cut its scheduled flights by 5% in the second and third quarters, planning for prolonged higher oil prices after the Iran war sent jet fuel costs soaring, even as strong travel demand helps U.S. carriers raise fares and cushion the hit.
Well, there's a Friday night surprise.